Ksh 10,000,000 loan at DIB Bank Kenya for 5 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 247,827. Total cost: Ksh 14,869,637 (Ksh 4,869,637 interest).
Monthly repayment
Ksh 247,827
At 16.87% · 60 payments
Total repayment
Ksh 14,869,637
1.49× the borrowed amount
Total interest
Ksh 4,869,637
Ksh 456,728 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 1,391,248 | Ksh 1,582,680 | Ksh 8,608,752 |
| Year 2 | Ksh 3,036,224 | Ksh 2,911,631 | Ksh 6,963,776 |
| Year 3 | Ksh 4,981,203 | Ksh 3,940,579 | Ksh 5,018,797 |
| Year 4 | Ksh 7,280,898 | Ksh 4,614,812 | Ksh 2,719,102 |
| Year 5 | Ksh 10,000,000 | Ksh 4,869,637 | 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 5 years would run about Ksh 214,246/month — saving Ksh 2,014,870 in interest. See the Citibank N.A. Kenya version →