Ksh 10,000,000 loan at DIB Bank Kenya for 2 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 10,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 493,798. Total cost: Ksh 11,851,157 (Ksh 1,851,157 interest).
Monthly repayment
Ksh 493,798
At 16.87% · 24 payments
Total repayment
Ksh 11,851,157
1.19× the borrowed amount
Total interest
Ksh 1,851,157
Ksh 164,127 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 4,582,164 | Ksh 1,343,415 | Ksh 5,417,836 |
| Year 2 | Ksh 10,000,000 | Ksh 1,851,157 | 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 2 years would run about Ksh 463,113/month — saving Ksh 736,455 in interest. See the Citibank N.A. Kenya version →