Ksh 5,000,000 loan at DIB Bank Kenya for 2 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 246,899. Total cost: Ksh 5,925,579 (Ksh 925,579 interest).
Monthly repayment
Ksh 246,899
At 16.87% · 24 payments
Total repayment
Ksh 5,925,579
1.19× the borrowed amount
Total interest
Ksh 925,579
Ksh 82,064 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 2,291,082 | Ksh 671,707 | Ksh 2,708,918 |
| Year 2 | Ksh 5,000,000 | Ksh 925,579 | 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 2 years would run about Ksh 231,556/month — saving Ksh 368,227 in interest. See the Citibank N.A. Kenya version →