Development Bank of Kenya loan calculator for Ksh 10,000,000 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 171,460
120 monthly payments
Estimated total repayment
Ksh 20,575,223
Ksh 10,000,000 principal + interest
Estimated interest
Ksh 10,575,223
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 207,510
For 120 months · incl. fees
Total repaid
Ksh 23,581,180
Principal Ksh 10,000,000 + Ksh 13,581,180 extras
Effective APR
21.75%
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 10,000,000 |
| 1 | Ksh 1,631,496 | Ksh 426,026 | Ksh 9,573,974 |
| 2 | Ksh 3,186,486 | Ksh 928,559 | Ksh 9,071,441 |
| 3 | Ksh 4,651,231 | Ksh 1,521,335 | Ksh 8,478,665 |
| 4 | Ksh 6,009,526 | Ksh 2,220,563 | Ksh 7,779,437 |
| 5 | Ksh 7,242,254 | Ksh 3,045,358 | Ksh 6,954,642 |
| 6 | Ksh 8,326,865 | Ksh 4,018,269 | Ksh 5,981,731 |
| 7 | Ksh 9,236,761 | Ksh 5,165,895 | Ksh 4,834,105 |
| 8 | Ksh 9,940,567 | Ksh 6,519,611 | Ksh 3,480,389 |
| 9 | Ksh 10,401,273 | Ksh 8,116,428 | Ksh 1,883,572 |
| 10 | Ksh 10,575,223 | Ksh 10,000,000 | 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.