Bank of India loan calculator for Ksh 100,000 over 15 years.
Estimate repayment for a Bank of India loan using the current 14.94% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 1,395
180 monthly payments
Estimated total repayment
Ksh 251,186
Ksh 100,000 principal + interest
Estimated interest
Ksh 151,186
At 14.94%
Current Bank of India loan interest rate
Bank of India is listed at 14.94% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
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Loan details
KESCentral Bank of Kenya · May 2025
-1.05 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 1,728
For 180 months · incl. fees
Total repaid
Ksh 299,043
Principal Ksh 100,000 + Ksh 199,043 extras
Effective APR
20.83%
Advertised rate 14.94% · 151.2% interest on principal
Repayment mix over 15 years
Early payments lean on interest; later ones clear principal.
Amortisation (yearly)
End of year · KES| Year | Interest paid | Principal paid | Balance |
|---|---|---|---|
| 0 | Ksh 0 | Ksh 0 | Ksh 100,000 |
| 1 | Ksh 14,811 | Ksh 1,935 | Ksh 98,065 |
| 2 | Ksh 29,312 | Ksh 4,179 | Ksh 95,821 |
| 3 | Ksh 43,455 | Ksh 6,783 | Ksh 93,217 |
| 4 | Ksh 57,180 | Ksh 9,803 | Ksh 90,197 |
| 5 | Ksh 70,422 | Ksh 13,307 | Ksh 86,693 |
| 6 | Ksh 83,103 | Ksh 17,372 | Ksh 82,628 |
| 7 | Ksh 95,133 | Ksh 22,087 | Ksh 77,913 |
| 8 | Ksh 106,409 | Ksh 27,557 | Ksh 72,443 |
| 9 | Ksh 116,809 | Ksh 33,902 | Ksh 66,098 |
| 10 | Ksh 126,194 | Ksh 41,264 | Ksh 58,736 |
| 11 | Ksh 134,400 | Ksh 49,804 | Ksh 50,197 |
| 12 | Ksh 141,239 | Ksh 59,710 | Ksh 40,290 |
| 13 | Ksh 146,492 | Ksh 71,202 | Ksh 28,798 |
| 14 | Ksh 149,906 | Ksh 84,534 | Ksh 15,466 |
| 15 | Ksh 151,186 | Ksh 100,000 | Ksh 0 |
What affects repayment?
Monthly repayment depends on loan amount, term, lending rate, processing fee, insurance and excise duty on interest.
Longer term tradeoff
A longer term can reduce monthly instalments but usually increases total interest paid over the life of the loan.
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