Ksh 500,000 loan at DIB Bank Kenya for 2 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 24,690. Total cost: Ksh 592,558 (Ksh 92,558 interest).
Monthly repayment
Ksh 24,690
At 16.87% · 24 payments
Total repayment
Ksh 592,558
1.19× the borrowed amount
Total interest
Ksh 92,558
Ksh 8,206 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 229,108 | Ksh 67,171 | Ksh 270,892 |
| Year 2 | Ksh 500,000 | Ksh 92,558 | 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 500,000 loan over 2 years would run about Ksh 23,156/month — saving Ksh 36,823 in interest. See the Citibank N.A. Kenya version →