Ksh 2,000,000 loan at DIB Bank Kenya for 5 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 49,565. Total cost: Ksh 2,973,928 (Ksh 973,927 interest).
Monthly repayment
Ksh 49,565
At 16.87% · 60 payments
Total repayment
Ksh 2,973,928
1.49× the borrowed amount
Total interest
Ksh 973,927
Ksh 91,346 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 278,250 | Ksh 316,536 | Ksh 1,721,750 |
| Year 2 | Ksh 607,245 | Ksh 582,326 | Ksh 1,392,755 |
| Year 3 | Ksh 996,241 | Ksh 788,116 | Ksh 1,003,759 |
| Year 4 | Ksh 1,456,180 | Ksh 922,962 | Ksh 543,820 |
| Year 5 | Ksh 2,000,000 | Ksh 973,927 | 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 2,000,000 loan over 5 years would run about Ksh 42,849/month — saving Ksh 402,974 in interest. See the Citibank N.A. Kenya version →