Ksh 500,000 loan at DIB Bank Kenya for 5 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,391. Total cost: Ksh 743,482 (Ksh 243,482 interest).
Monthly repayment
Ksh 12,391
At 16.87% · 60 payments
Total repayment
Ksh 743,482
1.49× the borrowed amount
Total interest
Ksh 243,482
Ksh 22,836 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 69,562 | Ksh 79,134 | Ksh 430,438 |
| Year 2 | Ksh 151,811 | Ksh 145,582 | Ksh 348,189 |
| Year 3 | Ksh 249,060 | Ksh 197,029 | Ksh 250,940 |
| Year 4 | Ksh 364,045 | Ksh 230,741 | Ksh 135,955 |
| Year 5 | Ksh 500,000 | Ksh 243,482 | 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 5 years would run about Ksh 10,712/month — saving Ksh 100,743 in interest. See the Citibank N.A. Kenya version →