Ksh 1,000,000 loan at DIB Bank Kenya for 15 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 15,298. Total cost: Ksh 2,753,640 (Ksh 1,753,640 interest).
Monthly repayment
Ksh 15,298
At 16.87% · 180 payments
Total repayment
Ksh 2,753,640
2.75× the borrowed amount
Total interest
Ksh 1,753,640
Ksh 179,918 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 16,082 | Ksh 167,494 | Ksh 983,918 |
| Year 2 | Ksh 35,097 | Ksh 332,055 | Ksh 964,903 |
| Year 3 | Ksh 57,579 | Ksh 493,149 | Ksh 942,421 |
| Year 4 | Ksh 84,162 | Ksh 650,142 | Ksh 915,838 |
| Year 5 | Ksh 115,593 | Ksh 802,287 | Ksh 884,407 |
| Year 6 | Ksh 152,757 | Ksh 948,700 | Ksh 847,243 |
| Year 7 | Ksh 196,698 | Ksh 1,088,335 | Ksh 803,302 |
| Year 8 | Ksh 248,652 | Ksh 1,219,956 | Ksh 751,348 |
| Year 9 | Ksh 310,082 | Ksh 1,342,102 | Ksh 689,918 |
| Year 10 | Ksh 382,715 | Ksh 1,453,045 | Ksh 617,285 |
| Year 11 | Ksh 468,595 | Ksh 1,550,742 | Ksh 531,405 |
| Year 12 | Ksh 570,137 | Ksh 1,632,776 | Ksh 429,863 |
| Year 13 | Ksh 690,197 | Ksh 1,696,291 | Ksh 309,803 |
| Year 14 | Ksh 832,154 | Ksh 1,737,910 | Ksh 167,846 |
| Year 15 | Ksh 1,000,000 | Ksh 1,753,640 | 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 15 years would run about Ksh 10,967/month — saving Ksh 779,517 in interest. See the Citibank N.A. Kenya version →