Ksh 5,000,000 loan at DIB Bank Kenya for 5 years.
At DIB Bank Kenya's current lending rate of 16.87%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 123,914. Total cost: Ksh 7,434,818 (Ksh 2,434,819 interest).
Monthly repayment
Ksh 123,914
At 16.87% · 60 payments
Total repayment
Ksh 7,434,818
1.49× the borrowed amount
Total interest
Ksh 2,434,819
Ksh 228,364 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 695,624 | Ksh 791,340 | Ksh 4,304,376 |
| Year 2 | Ksh 1,518,112 | Ksh 1,455,815 | Ksh 3,481,888 |
| Year 3 | Ksh 2,490,602 | Ksh 1,970,290 | Ksh 2,509,398 |
| Year 4 | Ksh 3,640,449 | Ksh 2,307,406 | Ksh 1,359,551 |
| Year 5 | Ksh 5,000,000 | Ksh 2,434,819 | 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 5 years would run about Ksh 107,123/month — saving Ksh 1,007,435 in interest. See the Citibank N.A. Kenya version →