Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 10 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 16,404. Total cost: Ksh 1,968,480 (Ksh 968,480 interest).
Monthly repayment
Ksh 16,404
At 15.44% · 120 payments
Total repayment
Ksh 1,968,480
1.97× the borrowed amount
Total interest
Ksh 968,480
-Ksh 0 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 45,585 | Ksh 151,263 | Ksh 954,415 |
| Year 2 | Ksh 98,728 | Ksh 294,969 | Ksh 901,273 |
| Year 3 | Ksh 160,682 | Ksh 429,862 | Ksh 839,318 |
| Year 4 | Ksh 232,909 | Ksh 554,483 | Ksh 767,091 |
| Year 5 | Ksh 317,112 | Ksh 667,128 | Ksh 682,888 |
| Year 6 | Ksh 415,277 | Ksh 765,812 | Ksh 584,723 |
| Year 7 | Ksh 529,718 | Ksh 848,219 | Ksh 470,282 |
| Year 8 | Ksh 663,134 | Ksh 911,650 | Ksh 336,866 |
| Year 9 | Ksh 818,672 | Ksh 952,960 | Ksh 181,328 |
| Year 10 | Ksh 1,000,000 | Ksh 968,480 | 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 1,000,000 loan over 10 years would run about Ksh 13,415/month — saving Ksh 358,653 in interest. See the Citibank N.A. Kenya version →