Development Bank of Kenya loan calculator for Ksh 1,000,000 over 20 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 14,387
240 monthly payments
Estimated total repayment
Ksh 3,452,954
Ksh 1,000,000 principal + interest
Estimated interest
Ksh 2,452,954
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%.
Change loan details
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 17,992
For 240 months · incl. fees
Total repaid
Ksh 4,121,046
Principal Ksh 1,000,000 + Ksh 3,121,046 extras
Effective APR
21.66%
Advertised rate 16.63% · 245.3% interest on principal
Repayment mix over 20 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 165,793 | Ksh 6,855 | Ksh 993,145 |
| 2 | Ksh 330,355 | Ksh 14,940 | Ksh 985,060 |
| 3 | Ksh 493,465 | Ksh 24,478 | Ksh 975,522 |
| 4 | Ksh 654,863 | Ksh 35,728 | Ksh 964,272 |
| 5 | Ksh 814,240 | Ksh 48,998 | Ksh 951,002 |
| 6 | Ksh 971,234 | Ksh 64,652 | Ksh 935,348 |
| 7 | Ksh 1,125,417 | Ksh 83,117 | Ksh 916,883 |
| 8 | Ksh 1,276,284 | Ksh 104,897 | Ksh 895,103 |
| 9 | Ksh 1,423,240 | Ksh 130,589 | Ksh 869,411 |
| 10 | Ksh 1,565,582 | Ksh 160,895 | Ksh 839,105 |
| 11 | Ksh 1,702,481 | Ksh 196,643 | Ksh 803,357 |
| 12 | Ksh 1,832,961 | Ksh 238,811 | Ksh 761,189 |
| 13 | Ksh 1,955,869 | Ksh 288,551 | Ksh 711,449 |
| 14 | Ksh 2,069,844 | Ksh 347,224 | Ksh 652,776 |
| 15 | Ksh 2,173,282 | Ksh 416,433 | Ksh 583,567 |
| 16 | Ksh 2,264,293 | Ksh 498,070 | Ksh 501,930 |
| 17 | Ksh 2,340,643 | Ksh 594,368 | Ksh 405,632 |
| 18 | Ksh 2,399,699 | Ksh 707,959 | Ksh 292,041 |
| 19 | Ksh 2,438,357 | Ksh 841,949 | Ksh 158,051 |
| 20 | Ksh 2,452,954 | 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.