Ksh 10,000,000 loan at DIB Bank Kenya for 10 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 172,975. Total cost: Ksh 20,756,972 (Ksh 10,756,972 interest).
Monthly repayment
Ksh 172,975
At 16.87% · 120 payments
Total repayment
Ksh 20,756,972
2.08× the borrowed amount
Total interest
Ksh 10,756,972
Ksh 1,072,168 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 420,206 | Ksh 1,655,492 | Ksh 9,579,794 |
| Year 2 | Ksh 917,046 | Ksh 3,234,348 | Ksh 9,082,954 |
| Year 3 | Ksh 1,504,498 | Ksh 4,722,594 | Ksh 8,495,502 |
| Year 4 | Ksh 2,199,086 | Ksh 6,103,702 | Ksh 7,800,914 |
| Year 5 | Ksh 3,020,350 | Ksh 7,358,136 | Ksh 6,979,650 |
| Year 6 | Ksh 3,991,392 | Ksh 8,462,791 | Ksh 6,008,608 |
| Year 7 | Ksh 5,139,528 | Ksh 9,390,352 | Ksh 4,860,472 |
| Year 8 | Ksh 6,497,056 | Ksh 10,108,522 | Ksh 3,502,944 |
| Year 9 | Ksh 8,102,162 | Ksh 10,579,112 | Ksh 1,897,838 |
| Year 10 | Ksh 10,000,000 | Ksh 10,756,972 | 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 10 years would run about Ksh 134,152/month — saving Ksh 4,658,697 in interest. See the Citibank N.A. Kenya version →