Development Bank of Kenya loan rate today.
Development Bank of Kenya prices loans at a weighted-average of 16.63% per the Central Bank of Kenya — ranked #26 of 38 cheapest. A Ksh 1,000,000 loan over 5 years runs at about Ksh 24,654/month.
Lending rate
16.63%
#26 of 38 cheapest
Monthly (1M · 5y)
Ksh 24,654
Industry avg Ksh 24,315
Total interest (1M · 5y)
Ksh 479,244
vs Ksh 458,907 at industry avg
Calculate your Development Bank of Kenya loan
Enter any loan amount and term to see your monthly repayment, total cost, and full amortisation schedule.
Loan details
KESCentral Bank of Kenya · May 2025
+0.64 pp vs industry average
Fees & duties
Processing, insurance, and 20% excise on interest.
CRB check, legal, valuation, stamp duty.
Monthly payment
Ksh 28,259
For 60 months · incl. fees
Total repaid
Ksh 1,633,911
Principal Ksh 1,000,000 + Ksh 633,911 extras
Effective APR
22.47%
Advertised rate 16.63% · 47.9% interest on principal
Repayment mix over 5 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 155,955 | Ksh 139,894 | Ksh 860,106 |
| 2 | Ksh 286,788 | Ksh 304,910 | Ksh 695,090 |
| 3 | Ksh 387,987 | Ksh 499,559 | Ksh 500,441 |
| 4 | Ksh 454,232 | Ksh 729,163 | Ksh 270,837 |
| 5 | Ksh 479,244 | Ksh 1,000,000 | Ksh 0 |
About this loan rate
This page focuses on the current Development Bank of Kenya loan rate and repayment calculator. Compare all banks on the loan interest rates today page.
Popular Development Bank of Kenya loan scenarios
Pre-calculated repayments at Development Bank of Kenya's current lending rate.
All Kenyan lenders
- Citibank N.A. Kenya 10.36%
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- Standard Chartered Bank Kenya 13.35%
- Guardian Bank 13.57%
- Consolidated Bank of Kenya 13.61%
- Ecobank Kenya 13.72%
- Paramount Bank 14.47%
- Habib Bank A.G. Zurich 14.55%
- Gulf African Bank 14.77%
- Equity Bank Kenya 14.89%
- Bank of India 14.94%
- Premier Bank Kenya 15.12%
- Bank of Baroda (Kenya)