Ksh 1,000,000 loan at DIB Bank Kenya for 10 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 17,297. Total cost: Ksh 2,075,698 (Ksh 1,075,697 interest).
Monthly repayment
Ksh 17,297
At 16.87% · 120 payments
Total repayment
Ksh 2,075,698
2.08× the borrowed amount
Total interest
Ksh 1,075,697
Ksh 107,217 more than industry avg
Year-by-year amortisation
How each payment splits between interest and principal over time.
| End of year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | Ksh 42,021 | Ksh 165,549 | Ksh 957,979 |
| Year 2 | Ksh 91,705 | Ksh 323,435 | Ksh 908,295 |
| Year 3 | Ksh 150,450 | Ksh 472,259 | Ksh 849,550 |
| Year 4 | Ksh 219,909 | Ksh 610,370 | Ksh 780,091 |
| Year 5 | Ksh 302,035 | Ksh 735,814 | Ksh 697,965 |
| Year 6 | Ksh 399,139 | Ksh 846,279 | Ksh 600,861 |
| Year 7 | Ksh 513,953 | Ksh 939,035 | Ksh 486,047 |
| Year 8 | Ksh 649,706 | Ksh 1,010,852 | Ksh 350,294 |
| Year 9 | Ksh 810,216 | Ksh 1,057,911 | Ksh 189,784 |
| Year 10 | Ksh 1,000,000 | Ksh 1,075,697 | Ksh 0 |
Could you get this cheaper?
Currently the cheapest Kenyan lender on this CBK dataset is Citibank N.A. Kenya at 10.36%. The same Ksh 1,000,000 loan over 10 years would run about Ksh 13,415/month — saving Ksh 465,870 in interest. See the Citibank N.A. Kenya version →