Ksh 10,000,000 loan at DIB Bank Kenya for 1 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 10,000,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 911,431. Total cost: Ksh 10,937,168 (Ksh 937,168 interest).
Monthly repayment
Ksh 911,431
At 16.87% · 12 payments
Total repayment
Ksh 10,937,168
1.09× the borrowed amount
Total interest
Ksh 937,168
Ksh 81,240 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 10,000,000 | Ksh 937,168 | 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 10,000,000 loan over 1 years would run about Ksh 880,834/month — saving Ksh 367,159 in interest. See the Citibank N.A. Kenya version →