Development Bank of Kenya loan calculator for Ksh 5,000,000 over 5 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 123,270
60 monthly payments
Estimated total repayment
Ksh 7,396,219
Ksh 5,000,000 principal + interest
Estimated interest
Ksh 2,396,219
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 141,295
For 60 months · incl. fees
Total repaid
Ksh 8,149,553
Principal Ksh 5,000,000 + Ksh 3,149,553 extras
Effective APR
22.26%
Advertised rate 16.63% · 47.9% interest on principal
Repayment mix over 5 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 779,775 | Ksh 699,469 | Ksh 4,300,531 |
| 2 | Ksh 1,433,940 | Ksh 1,524,548 | Ksh 3,475,452 |
| 3 | Ksh 1,939,937 | Ksh 2,497,795 | Ksh 2,502,205 |
| 4 | Ksh 2,271,159 | Ksh 3,645,817 | Ksh 1,354,183 |
| 5 | Ksh 2,396,219 | 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.