Development Bank of Kenya loan calculator for Ksh 500,000 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 8,573
120 monthly payments
Estimated total repayment
Ksh 1,028,761
Ksh 500,000 principal + interest
Estimated interest
Ksh 528,761
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 10,376
For 120 months · incl. fees
Total repaid
Ksh 1,183,809
Principal Ksh 500,000 + Ksh 683,809 extras
Effective APR
22.06%
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 500,000 |
| 1 | Ksh 81,575 | Ksh 21,301 | Ksh 478,699 |
| 2 | Ksh 159,324 | Ksh 46,428 | Ksh 453,572 |
| 3 | Ksh 232,562 | Ksh 76,067 | Ksh 423,933 |
| 4 | Ksh 300,476 | Ksh 111,028 | Ksh 388,972 |
| 5 | Ksh 362,113 | Ksh 152,268 | Ksh 347,732 |
| 6 | Ksh 416,343 | Ksh 200,913 | Ksh 299,087 |
| 7 | Ksh 461,838 | Ksh 258,295 | Ksh 241,705 |
| 8 | Ksh 497,028 | Ksh 325,981 | Ksh 174,019 |
| 9 | Ksh 520,064 | Ksh 405,821 | Ksh 94,179 |
| 10 | Ksh 528,761 | Ksh 500,000 | 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.