Ksh 1,000,000 loan at DIB Bank Kenya for 25 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 14,275. Total cost: Ksh 4,282,485 (Ksh 3,282,485 interest).
Monthly repayment
Ksh 14,275
At 16.87% · 300 payments
Total repayment
Ksh 4,282,485
4.28× the borrowed amount
Total interest
Ksh 3,282,485
Ksh 337,296 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 2,810 | Ksh 168,489 | Ksh 997,190 |
| Year 2 | Ksh 6,133 | Ksh 336,466 | Ksh 993,867 |
| Year 3 | Ksh 10,061 | Ksh 503,837 | Ksh 989,939 |
| Year 4 | Ksh 14,706 | Ksh 670,491 | Ksh 985,294 |
| Year 5 | Ksh 20,199 | Ksh 836,298 | Ksh 979,801 |
| Year 6 | Ksh 26,692 | Ksh 1,001,104 | Ksh 973,308 |
| Year 7 | Ksh 34,371 | Ksh 1,164,725 | Ksh 965,629 |
| Year 8 | Ksh 43,449 | Ksh 1,326,946 | Ksh 956,551 |
| Year 9 | Ksh 54,183 | Ksh 1,487,512 | Ksh 945,817 |
| Year 10 | Ksh 66,875 | Ksh 1,646,119 | Ksh 933,125 |
| Year 11 | Ksh 81,881 | Ksh 1,802,412 | Ksh 918,119 |
| Year 12 | Ksh 99,625 | Ksh 1,955,968 | Ksh 900,375 |
| Year 13 | Ksh 120,604 | Ksh 2,106,289 | Ksh 879,396 |
| Year 14 | Ksh 145,409 | Ksh 2,252,783 | Ksh 854,591 |
| Year 15 | Ksh 174,738 | Ksh 2,394,753 | Ksh 825,262 |
| Year 16 | Ksh 209,416 | Ksh 2,531,375 | Ksh 790,584 |
| Year 17 | Ksh 250,418 | Ksh 2,661,672 | Ksh 749,582 |
| Year 18 | Ksh 298,898 | Ksh 2,784,491 | Ksh 701,102 |
| Year 19 | Ksh 356,220 | Ksh 2,898,469 | Ksh 643,780 |
| Year 20 | Ksh 423,996 | Ksh 3,001,992 | Ksh 576,004 |
| Year 21 | Ksh 504,132 | Ksh 3,093,155 | Ksh 495,868 |
| Year 22 | Ksh 598,884 | Ksh 3,169,703 | Ksh 401,116 |
| Year 23 | Ksh 710,915 | Ksh 3,228,971 | Ksh 289,085 |
| Year 24 | Ksh 843,379 | Ksh 3,267,807 | Ksh 156,621 |
| Year 25 | Ksh 1,000,000 | Ksh 3,282,485 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,479,884 in interest. See the Citibank N.A. Kenya version →