Ksh 1,000,000 loan at Diamond Trust Bank Kenya for 5 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 24,022. Total cost: Ksh 1,441,291 (Ksh 441,291 interest).
Monthly repayment
Ksh 24,022
At 15.44% · 60 payments
Total repayment
Ksh 1,441,291
1.44× the borrowed amount
Total interest
Ksh 441,291
-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 143,749 | Ksh 144,509 | Ksh 856,251 |
| Year 2 | Ksh 311,333 | Ksh 265,183 | Ksh 688,667 |
| Year 3 | Ksh 506,704 | Ksh 358,070 | Ksh 493,296 |
| Year 4 | Ksh 734,469 | Ksh 418,563 | Ksh 265,531 |
| Year 5 | Ksh 1,000,000 | Ksh 441,291 | 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 5 years would run about Ksh 21,425/month — saving Ksh 155,814 in interest. See the Citibank N.A. Kenya version →