Development Bank of Kenya loan calculator for Ksh 500,000 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 7,564
180 monthly payments
Estimated total repayment
Ksh 1,361,572
Ksh 500,000 principal + interest
Estimated interest
Ksh 861,572
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 9,367
For 180 months · incl. fees
Total repaid
Ksh 1,603,195
Principal Ksh 500,000 + Ksh 1,103,195 extras
Effective APR
21.86%
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 500,000 |
| 1 | Ksh 82,541 | Ksh 8,230 | Ksh 491,770 |
| 2 | Ksh 163,605 | Ksh 17,938 | Ksh 482,062 |
| 3 | Ksh 242,925 | Ksh 29,390 | Ksh 470,610 |
| 4 | Ksh 320,189 | Ksh 42,897 | Ksh 457,103 |
| 5 | Ksh 395,026 | Ksh 58,831 | Ksh 441,169 |
| 6 | Ksh 467,003 | Ksh 77,626 | Ksh 422,374 |
| 7 | Ksh 535,604 | Ksh 99,796 | Ksh 400,204 |
| 8 | Ksh 600,224 | Ksh 125,948 | Ksh 374,052 |
| 9 | Ksh 660,148 | Ksh 156,795 | Ksh 343,205 |
| 10 | Ksh 714,532 | Ksh 193,183 | Ksh 306,817 |
| 11 | Ksh 762,382 | Ksh 236,105 | Ksh 263,895 |
| 12 | Ksh 802,524 | Ksh 286,734 | Ksh 213,266 |
| 13 | Ksh 833,573 | Ksh 346,456 | Ksh 153,544 |
| 14 | Ksh 853,898 | Ksh 416,903 | Ksh 83,097 |
| 15 | Ksh 861,572 | 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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