Ksh 10,000,000 loan at Diamond Trust Bank Kenya for 10 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 164,040. Total cost: Ksh 19,684,804 (Ksh 9,684,804 interest).
Monthly repayment
Ksh 164,040
At 15.44% · 120 payments
Total repayment
Ksh 19,684,804
1.97× the borrowed amount
Total interest
Ksh 9,684,804
-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 455,846 | Ksh 1,512,635 | Ksh 9,544,154 |
| Year 2 | Ksh 987,275 | Ksh 2,949,686 | Ksh 9,012,725 |
| Year 3 | Ksh 1,606,820 | Ksh 4,298,621 | Ksh 8,393,180 |
| Year 4 | Ksh 2,329,091 | Ksh 5,544,831 | Ksh 7,670,909 |
| Year 5 | Ksh 3,171,120 | Ksh 6,671,282 | Ksh 6,828,880 |
| Year 6 | Ksh 4,152,766 | Ksh 7,658,116 | Ksh 5,847,234 |
| Year 7 | Ksh 5,297,177 | Ksh 8,482,186 | Ksh 4,702,823 |
| Year 8 | Ksh 6,631,342 | Ksh 9,116,501 | Ksh 3,368,658 |
| Year 9 | Ksh 8,186,723 | Ksh 9,529,601 | Ksh 1,813,277 |
| Year 10 | Ksh 10,000,000 | Ksh 9,684,804 | 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 10,000,000 loan over 10 years would run about Ksh 134,152/month — saving Ksh 3,586,529 in interest. See the Citibank N.A. Kenya version →