Ksh 10,000,000 loan at DIB Bank Kenya for 3 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 355,881. Total cost: Ksh 12,811,702 (Ksh 2,811,702 interest).
Monthly repayment
Ksh 355,881
At 16.87% · 36 payments
Total repayment
Ksh 12,811,702
1.28× the borrowed amount
Total interest
Ksh 2,811,702
Ksh 254,475 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 2,792,995 | Ksh 1,477,572 | Ksh 7,207,005 |
| Year 2 | Ksh 6,095,363 | Ksh 2,445,772 | Ksh 3,904,637 |
| Year 3 | Ksh 10,000,000 | Ksh 2,811,702 | 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 3 years would run about Ksh 324,365/month — saving Ksh 1,134,574 in interest. See the Citibank N.A. Kenya version →