Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 25 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 13,151. Total cost: Ksh 3,945,189 (Ksh 2,945,189 interest).
Monthly repayment
Ksh 13,151
At 15.44% · 300 payments
Total repayment
Ksh 3,945,189
3.95× the borrowed amount
Total interest
Ksh 2,945,189
-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 3,659 | Ksh 154,148 | Ksh 996,341 |
| Year 2 | Ksh 7,925 | Ksh 307,690 | Ksh 992,075 |
| Year 3 | Ksh 12,899 | Ksh 460,524 | Ksh 987,101 |
| Year 4 | Ksh 18,697 | Ksh 612,533 | Ksh 981,303 |
| Year 5 | Ksh 25,457 | Ksh 763,581 | Ksh 974,543 |
| Year 6 | Ksh 33,337 | Ksh 913,509 | Ksh 966,663 |
| Year 7 | Ksh 42,524 | Ksh 1,062,129 | Ksh 957,476 |
| Year 8 | Ksh 53,234 | Ksh 1,209,227 | Ksh 946,766 |
| Year 9 | Ksh 65,720 | Ksh 1,354,548 | Ksh 934,280 |
| Year 10 | Ksh 80,276 | Ksh 1,497,800 | Ksh 919,724 |
| Year 11 | Ksh 97,246 | Ksh 1,638,637 | Ksh 902,754 |
| Year 12 | Ksh 117,030 | Ksh 1,776,661 | Ksh 882,970 |
| Year 13 | Ksh 140,094 | Ksh 1,911,405 | Ksh 859,907 |
| Year 14 | Ksh 166,982 | Ksh 2,042,324 | Ksh 833,018 |
| Year 15 | Ksh 198,328 | Ksh 2,168,786 | Ksh 801,672 |
| Year 16 | Ksh 234,872 | Ksh 2,290,049 | Ksh 765,128 |
| Year 17 | Ksh 277,475 | Ksh 2,405,254 | Ksh 722,525 |
| Year 18 | Ksh 327,142 | Ksh 2,513,394 | Ksh 672,858 |
| Year 19 | Ksh 385,045 | Ksh 2,613,299 | Ksh 614,955 |
| Year 20 | Ksh 452,548 | Ksh 2,703,603 | Ksh 547,452 |
| Year 21 | Ksh 531,244 | Ksh 2,782,715 | Ksh 468,756 |
| Year 22 | Ksh 622,988 | Ksh 2,848,779 | Ksh 377,012 |
| Year 23 | Ksh 729,944 | Ksh 2,899,630 | Ksh 270,056 |
| Year 24 | Ksh 854,635 | Ksh 2,932,747 | Ksh 145,365 |
| Year 25 | Ksh 1,000,000 | Ksh 2,945,189 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,142,588 in interest. See the Citibank N.A. Kenya version →