Ksh 1,000,000 loan at DIB Bank Kenya for 5 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,783. Total cost: Ksh 1,486,964 (Ksh 486,964 interest).
Monthly repayment
Ksh 24,783
At 16.87% · 60 payments
Total repayment
Ksh 1,486,964
1.49× the borrowed amount
Total interest
Ksh 486,964
Ksh 45,673 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 139,125 | Ksh 158,268 | Ksh 860,875 |
| Year 2 | Ksh 303,622 | Ksh 291,163 | Ksh 696,378 |
| Year 3 | Ksh 498,120 | Ksh 394,058 | Ksh 501,880 |
| Year 4 | Ksh 728,090 | Ksh 461,481 | Ksh 271,910 |
| Year 5 | Ksh 1,000,000 | Ksh 486,964 | 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 5 years would run about Ksh 21,425/month — saving Ksh 201,487 in interest. See the Citibank N.A. Kenya version →