Development Bank of Kenya loan calculator for Ksh 1,000,000 over 15 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 15,129
180 monthly payments
Estimated total repayment
Ksh 2,723,144
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 1,723,145
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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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 18,734
For 180 months · incl. fees
Total repaid
Ksh 3,201,390
Principal Ksh 1,000,000 + Ksh 2,201,390 extras
Effective APR
21.73%
Advertised rate 16.63% · 172.3% 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 1,000,000 |
| 1 | Ksh 165,083 | Ksh 16,460 | Ksh 983,540 |
| 2 | Ksh 327,210 | Ksh 35,876 | Ksh 964,124 |
| 3 | Ksh 485,850 | Ksh 58,779 | Ksh 941,221 |
| 4 | Ksh 640,377 | Ksh 85,795 | Ksh 914,205 |
| 5 | Ksh 790,053 | Ksh 117,662 | Ksh 882,338 |
| 6 | Ksh 934,006 | Ksh 155,252 | Ksh 844,748 |
| 7 | Ksh 1,071,208 | Ksh 199,592 | Ksh 800,408 |
| 8 | Ksh 1,200,449 | Ksh 251,895 | Ksh 748,105 |
| 9 | Ksh 1,320,296 | Ksh 313,591 | Ksh 686,409 |
| 10 | Ksh 1,429,064 | Ksh 386,366 | Ksh 613,634 |
| 11 | Ksh 1,524,764 | Ksh 472,209 | Ksh 527,791 |
| 12 | Ksh 1,605,047 | Ksh 573,469 | Ksh 426,531 |
| 13 | Ksh 1,667,147 | Ksh 692,912 | Ksh 307,088 |
| 14 | Ksh 1,707,796 | Ksh 833,805 | Ksh 166,195 |
| 15 | Ksh 1,723,145 | 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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