Ksh 5,000,000 loan at DIB Bank Kenya for 10 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 86,487. Total cost: Ksh 10,378,486 (Ksh 5,378,486 interest).
Monthly repayment
Ksh 86,487
At 16.87% · 120 payments
Total repayment
Ksh 10,378,486
2.08× the borrowed amount
Total interest
Ksh 5,378,486
Ksh 536,084 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 210,103 | Ksh 827,746 | Ksh 4,789,897 |
| Year 2 | Ksh 458,523 | Ksh 1,617,174 | Ksh 4,541,477 |
| Year 3 | Ksh 752,249 | Ksh 2,361,297 | Ksh 4,247,751 |
| Year 4 | Ksh 1,099,543 | Ksh 3,051,851 | Ksh 3,900,457 |
| Year 5 | Ksh 1,510,175 | Ksh 3,679,068 | Ksh 3,489,825 |
| Year 6 | Ksh 1,995,696 | Ksh 4,231,395 | Ksh 3,004,304 |
| Year 7 | Ksh 2,569,764 | Ksh 4,695,176 | Ksh 2,430,236 |
| Year 8 | Ksh 3,248,528 | Ksh 5,054,261 | Ksh 1,751,472 |
| Year 9 | Ksh 4,051,081 | Ksh 5,289,556 | Ksh 948,919 |
| Year 10 | Ksh 5,000,000 | Ksh 5,378,486 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 2,329,349 in interest. See the Citibank N.A. Kenya version →