Ksh 5,000,000 loan at DIB Bank Kenya for 15 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 76,490. Total cost: Ksh 13,768,202 (Ksh 8,768,202 interest).
Monthly repayment
Ksh 76,490
At 16.87% · 180 payments
Total repayment
Ksh 13,768,202
2.75× the borrowed amount
Total interest
Ksh 8,768,202
Ksh 899,592 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 80,410 | Ksh 837,471 | Ksh 4,919,590 |
| Year 2 | Ksh 175,484 | Ksh 1,660,277 | Ksh 4,824,516 |
| Year 3 | Ksh 287,897 | Ksh 2,465,743 | Ksh 4,712,103 |
| Year 4 | Ksh 420,812 | Ksh 3,250,709 | Ksh 4,579,188 |
| Year 5 | Ksh 577,967 | Ksh 4,011,434 | Ksh 4,422,033 |
| Year 6 | Ksh 763,783 | Ksh 4,743,498 | Ksh 4,236,217 |
| Year 7 | Ksh 983,488 | Ksh 5,441,673 | Ksh 4,016,512 |
| Year 8 | Ksh 1,243,261 | Ksh 6,099,780 | Ksh 3,756,739 |
| Year 9 | Ksh 1,550,410 | Ksh 6,710,511 | Ksh 3,449,590 |
| Year 10 | Ksh 1,913,576 | Ksh 7,265,226 | Ksh 3,086,424 |
| Year 11 | Ksh 2,342,974 | Ksh 7,753,708 | Ksh 2,657,026 |
| Year 12 | Ksh 2,850,683 | Ksh 8,163,878 | Ksh 2,149,317 |
| Year 13 | Ksh 3,450,986 | Ksh 8,481,456 | Ksh 1,549,014 |
| Year 14 | Ksh 4,160,770 | Ksh 8,689,552 | Ksh 839,230 |
| Year 15 | Ksh 5,000,000 | Ksh 8,768,202 | 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 15 years would run about Ksh 54,837/month — saving Ksh 3,897,583 in interest. See the Citibank N.A. Kenya version →