Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 3 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 34,881. Total cost: Ksh 1,255,723 (Ksh 255,723 interest).
Monthly repayment
Ksh 34,881
At 15.44% · 36 payments
Total repayment
Ksh 1,255,723
1.26× the borrowed amount
Total interest
Ksh 255,723
-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 283,694 | Ksh 134,880 | Ksh 716,306 |
| Year 2 | Ksh 614,428 | Ksh 222,721 | Ksh 385,572 |
| Year 3 | Ksh 1,000,000 | Ksh 255,723 | 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 3 years would run about Ksh 32,436/month — saving Ksh 88,010 in interest. See the Citibank N.A. Kenya version →