Ksh 1,000,000 loan at DIB Bank Kenya for 2 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 49,380. Total cost: Ksh 1,185,116 (Ksh 185,116 interest).
Monthly repayment
Ksh 49,380
At 16.87% · 24 payments
Total repayment
Ksh 1,185,116
1.19× the borrowed amount
Total interest
Ksh 185,116
Ksh 16,413 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 458,216 | Ksh 134,341 | Ksh 541,784 |
| Year 2 | Ksh 1,000,000 | Ksh 185,116 | 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 2 years would run about Ksh 46,311/month — saving Ksh 73,645 in interest. See the Citibank N.A. Kenya version →