Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 2 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 48,696. Total cost: Ksh 1,168,703 (Ksh 168,703 interest).
Monthly repayment
Ksh 48,696
At 15.44% · 24 payments
Total repayment
Ksh 1,168,703
1.17× the borrowed amount
Total interest
Ksh 168,703
-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 461,721 | Ksh 122,630 | Ksh 538,279 |
| Year 2 | Ksh 1,000,000 | Ksh 168,703 | 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 2 years would run about Ksh 46,311/month — saving Ksh 57,233 in interest. See the Citibank N.A. Kenya version →