Ksh 10,000,000 loan at DIB Bank Kenya for 15 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 152,980. Total cost: Ksh 27,536,405 (Ksh 17,536,405 interest).
Monthly repayment
Ksh 152,980
At 16.87% · 180 payments
Total repayment
Ksh 27,536,405
2.75× the borrowed amount
Total interest
Ksh 17,536,405
Ksh 1,799,185 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 160,819 | Ksh 1,674,941 | Ksh 9,839,181 |
| Year 2 | Ksh 350,967 | Ksh 3,320,553 | Ksh 9,649,033 |
| Year 3 | Ksh 575,794 | Ksh 4,931,487 | Ksh 9,424,206 |
| Year 4 | Ksh 841,624 | Ksh 6,501,418 | Ksh 9,158,376 |
| Year 5 | Ksh 1,155,934 | Ksh 8,022,868 | Ksh 8,844,066 |
| Year 6 | Ksh 1,527,566 | Ksh 9,486,995 | Ksh 8,472,434 |
| Year 7 | Ksh 1,966,976 | Ksh 10,883,347 | Ksh 8,033,025 |
| Year 8 | Ksh 2,486,522 | Ksh 12,199,561 | Ksh 7,513,478 |
| Year 9 | Ksh 3,100,820 | Ksh 13,421,022 | Ksh 6,899,180 |
| Year 10 | Ksh 3,827,152 | Ksh 14,530,451 | Ksh 6,172,848 |
| Year 11 | Ksh 4,685,948 | Ksh 15,507,416 | Ksh 5,314,052 |
| Year 12 | Ksh 5,701,367 | Ksh 16,327,757 | Ksh 4,298,633 |
| Year 13 | Ksh 6,901,973 | Ksh 16,962,911 | Ksh 3,098,027 |
| Year 14 | Ksh 8,321,540 | Ksh 17,379,105 | Ksh 1,678,460 |
| Year 15 | Ksh 10,000,000 | Ksh 17,536,405 | 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 15 years would run about Ksh 109,674/month — saving Ksh 7,795,165 in interest. See the Citibank N.A. Kenya version →