Development Bank of Kenya loan calculator for Ksh 1,000,000 over 10 years.
Estimate repayment for a Development Bank of Kenya loan using the current 16.63% lending rate. Edit amount, term, rate and common Kenyan loan fees below.
Estimated monthly repayment
Ksh 17,146
120 monthly payments
Estimated total repayment
Ksh 2,057,522
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,057,522
At 16.63%
Current Development Bank of Kenya loan interest rate
Development Bank of Kenya is listed at 16.63% weighted-average lending rate in this snapshot. The Kenya commercial-bank average is 15.99%.
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Edit the values below; results update instantly.
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 20,751
For 120 months · incl. fees
Total repaid
Ksh 2,362,618
Principal Ksh 1,000,000 + Ksh 1,362,618 extras
Effective APR
21.90%
Advertised rate 16.63% · 105.8% 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 163,150 | Ksh 42,603 | Ksh 957,397 |
| 2 | Ksh 318,649 | Ksh 92,856 | Ksh 907,144 |
| 3 | Ksh 465,123 | Ksh 152,134 | Ksh 847,866 |
| 4 | Ksh 600,953 | Ksh 222,056 | Ksh 777,944 |
| 5 | Ksh 724,225 | Ksh 304,536 | Ksh 695,464 |
| 6 | Ksh 832,687 | Ksh 401,827 | Ksh 598,173 |
| 7 | Ksh 923,676 | Ksh 516,589 | Ksh 483,411 |
| 8 | Ksh 994,057 | Ksh 651,961 | Ksh 348,039 |
| 9 | Ksh 1,040,127 | Ksh 811,643 | Ksh 188,357 |
| 10 | Ksh 1,057,522 | 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.
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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.