Ksh 5,000,000 loan at DIB Bank Kenya for 3 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 177,940. Total cost: Ksh 6,405,851 (Ksh 1,405,851 interest).
Monthly repayment
Ksh 177,940
At 16.87% · 36 payments
Total repayment
Ksh 6,405,851
1.28× the borrowed amount
Total interest
Ksh 1,405,851
Ksh 127,238 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 1,396,498 | Ksh 738,786 | Ksh 3,603,502 |
| Year 2 | Ksh 3,047,681 | Ksh 1,222,886 | Ksh 1,952,319 |
| Year 3 | Ksh 5,000,000 | Ksh 1,405,851 | 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 3 years would run about Ksh 162,182/month — saving Ksh 567,287 in interest. See the Citibank N.A. Kenya version →