Bank of India loan calculator for Ksh 1,000,000 over 10 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 16,097
120 monthly payments
Estimated total repayment
Ksh 1,931,612
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 931,613
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%.
Change loan details
Edit the values below; results update instantly.
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 19,420
For 120 months · incl. fees
Total repaid
Ksh 2,210,292
Principal Ksh 1,000,000 + Ksh 1,210,292 extras
Effective APR
19.83%
Advertised rate 14.94% · 93.2% interest on principal
Repayment mix over 10 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 1,000,000 |
| 1 | Ksh 146,276 | Ksh 46,886 | Ksh 953,114 |
| 2 | Ksh 285,046 | Ksh 101,276 | Ksh 898,724 |
| 3 | Ksh 415,111 | Ksh 164,373 | Ksh 835,627 |
| 4 | Ksh 535,076 | Ksh 237,569 | Ksh 762,431 |
| 5 | Ksh 643,324 | Ksh 322,482 | Ksh 677,518 |
| 6 | Ksh 737,981 | Ksh 420,987 | Ksh 579,013 |
| 7 | Ksh 816,871 | Ksh 535,258 | Ksh 464,742 |
| 8 | Ksh 877,469 | Ksh 667,821 | Ksh 332,179 |
| 9 | Ksh 916,849 | Ksh 821,603 | Ksh 178,397 |
| 10 | Ksh 931,613 | Ksh 1,000,000 | 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.
Compare lenders
Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.