Development Bank of Kenya loan calculator for Ksh 5,000,000 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 75,643
180 monthly payments
Estimated total repayment
Ksh 13,615,724
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 8,615,724
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
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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 93,668
For 180 months · incl. fees
Total repaid
Ksh 15,986,952
Principal Ksh 5,000,000 + Ksh 10,986,952 extras
Effective APR
21.62%
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 5,000,000 |
| 1 | Ksh 825,414 | Ksh 82,301 | Ksh 4,917,699 |
| 2 | Ksh 1,636,048 | Ksh 179,382 | Ksh 4,820,618 |
| 3 | Ksh 2,429,249 | Ksh 293,896 | Ksh 4,706,104 |
| 4 | Ksh 3,201,885 | Ksh 428,975 | Ksh 4,571,025 |
| 5 | Ksh 3,950,264 | Ksh 588,311 | Ksh 4,411,689 |
| 6 | Ksh 4,670,029 | Ksh 776,260 | Ksh 4,223,740 |
| 7 | Ksh 5,356,042 | Ksh 997,962 | Ksh 4,002,038 |
| 8 | Ksh 6,002,243 | Ksh 1,259,477 | Ksh 3,740,523 |
| 9 | Ksh 6,601,480 | Ksh 1,567,954 | Ksh 3,432,046 |
| 10 | Ksh 7,145,321 | Ksh 1,931,828 | Ksh 3,068,172 |
| 11 | Ksh 7,623,818 | Ksh 2,361,046 | Ksh 2,638,954 |
| 12 | Ksh 8,025,236 | Ksh 2,867,343 | Ksh 2,132,657 |
| 13 | Ksh 8,335,733 | Ksh 3,464,561 | Ksh 1,535,439 |
| 14 | Ksh 8,538,982 | Ksh 4,169,026 | Ksh 830,974 |
| 15 | Ksh 8,615,724 | Ksh 5,000,000 | 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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Weighted-average rates differ by bank. Compare this loan against cheaper banks before applying.