Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 20 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 13,494. Total cost: Ksh 3,238,594 (Ksh 2,238,595 interest).
Monthly repayment
Ksh 13,494
At 15.44% · 240 payments
Total repayment
Ksh 3,238,594
3.24× the borrowed amount
Total interest
Ksh 2,238,595
-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 8,086 | Ksh 153,844 | Ksh 991,914 |
| Year 2 | Ksh 17,513 | Ksh 306,346 | Ksh 982,487 |
| Year 3 | Ksh 28,503 | Ksh 457,286 | Ksh 971,497 |
| Year 4 | Ksh 41,315 | Ksh 606,404 | Ksh 958,685 |
| Year 5 | Ksh 56,252 | Ksh 753,397 | Ksh 943,748 |
| Year 6 | Ksh 73,665 | Ksh 897,914 | Ksh 926,335 |
| Year 7 | Ksh 93,965 | Ksh 1,039,543 | Ksh 906,035 |
| Year 8 | Ksh 117,631 | Ksh 1,177,806 | Ksh 882,369 |
| Year 9 | Ksh 145,222 | Ksh 1,312,146 | Ksh 854,778 |
| Year 10 | Ksh 177,387 | Ksh 1,441,910 | Ksh 822,613 |
| Year 11 | Ksh 214,886 | Ksh 1,566,342 | Ksh 785,114 |
| Year 12 | Ksh 258,602 | Ksh 1,684,555 | Ksh 741,398 |
| Year 13 | Ksh 309,566 | Ksh 1,795,520 | Ksh 690,434 |
| Year 14 | Ksh 368,981 | Ksh 1,898,035 | Ksh 631,019 |
| Year 15 | Ksh 438,248 | Ksh 1,990,698 | Ksh 561,752 |
| Year 16 | Ksh 518,999 | Ksh 2,071,877 | Ksh 481,001 |
| Year 17 | Ksh 613,140 | Ksh 2,139,666 | Ksh 386,860 |
| Year 18 | Ksh 722,890 | Ksh 2,191,845 | Ksh 277,110 |
| Year 19 | Ksh 850,838 | Ksh 2,225,827 | Ksh 149,163 |
| Year 20 | Ksh 1,000,000 | Ksh 2,238,595 | 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 20 years would run about Ksh 9,890/month — saving Ksh 865,010 in interest. See the Citibank N.A. Kenya version →