Ksh 500,000 loan at DIB Bank Kenya for 3 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,794. Total cost: Ksh 640,585 (Ksh 140,585 interest).
Monthly repayment
Ksh 17,794
At 16.87% · 36 payments
Total repayment
Ksh 640,585
1.28× the borrowed amount
Total interest
Ksh 140,585
Ksh 12,724 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 139,650 | Ksh 73,879 | Ksh 360,350 |
| Year 2 | Ksh 304,768 | Ksh 122,289 | Ksh 195,232 |
| Year 3 | Ksh 500,000 | Ksh 140,585 | 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 3 years would run about Ksh 16,218/month — saving Ksh 56,729 in interest. See the Citibank N.A. Kenya version →