Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 15 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 14,298. Total cost: Ksh 2,573,723 (Ksh 1,573,722 interest).
Monthly repayment
Ksh 14,298
At 15.44% · 180 payments
Total repayment
Ksh 2,573,723
2.57× the borrowed amount
Total interest
Ksh 1,573,722
-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 18,451 | Ksh 153,130 | Ksh 981,549 |
| Year 2 | Ksh 39,961 | Ksh 303,202 | Ksh 960,039 |
| Year 3 | Ksh 65,038 | Ksh 449,706 | Ksh 934,962 |
| Year 4 | Ksh 94,273 | Ksh 592,053 | Ksh 905,727 |
| Year 5 | Ksh 128,356 | Ksh 729,552 | Ksh 871,644 |
| Year 6 | Ksh 168,089 | Ksh 861,400 | Ksh 831,911 |
| Year 7 | Ksh 214,411 | Ksh 986,659 | Ksh 785,589 |
| Year 8 | Ksh 268,413 | Ksh 1,104,238 | Ksh 731,587 |
| Year 9 | Ksh 331,370 | Ksh 1,212,864 | Ksh 668,630 |
| Year 10 | Ksh 404,765 | Ksh 1,311,050 | Ksh 595,235 |
| Year 11 | Ksh 490,329 | Ksh 1,397,067 | Ksh 509,671 |
| Year 12 | Ksh 590,081 | Ksh 1,468,896 | Ksh 409,919 |
| Year 13 | Ksh 706,373 | Ksh 1,524,186 | Ksh 293,627 |
| Year 14 | Ksh 841,947 | Ksh 1,560,194 | Ksh 158,053 |
| Year 15 | Ksh 1,000,000 | Ksh 1,573,722 | 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 15 years would run about Ksh 10,967/month — saving Ksh 599,598 in interest. See the Citibank N.A. Kenya version →