Ksh 10,000,000 loan at Diamond Trust Bank Kenya for 15 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 10,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 142,985. Total cost: Ksh 25,737,219 (Ksh 15,737,220 interest).
Monthly repayment
Ksh 142,985
At 15.44% · 180 payments
Total repayment
Ksh 25,737,219
2.57× the borrowed amount
Total interest
Ksh 15,737,220
-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 184,510 | Ksh 1,531,304 | Ksh 9,815,490 |
| Year 2 | Ksh 399,614 | Ksh 3,032,015 | Ksh 9,600,386 |
| Year 3 | Ksh 650,384 | Ksh 4,497,060 | Ksh 9,349,616 |
| Year 4 | Ksh 942,734 | Ksh 5,920,525 | Ksh 9,057,266 |
| Year 5 | Ksh 1,283,557 | Ksh 7,295,516 | Ksh 8,716,443 |
| Year 6 | Ksh 1,680,893 | Ksh 8,613,995 | Ksh 8,319,107 |
| Year 7 | Ksh 2,144,110 | Ksh 9,866,593 | Ksh 7,855,890 |
| Year 8 | Ksh 2,684,133 | Ksh 11,042,385 | Ksh 7,315,867 |
| Year 9 | Ksh 3,313,696 | Ksh 12,128,636 | Ksh 6,686,304 |
| Year 10 | Ksh 4,047,646 | Ksh 13,110,500 | Ksh 5,952,354 |
| Year 11 | Ksh 4,903,292 | Ksh 13,970,669 | Ksh 5,096,708 |
| Year 12 | Ksh 5,900,812 | Ksh 14,688,964 | Ksh 4,099,188 |
| Year 13 | Ksh 7,063,729 | Ksh 15,241,862 | Ksh 2,936,271 |
| Year 14 | Ksh 8,419,468 | Ksh 15,601,938 | Ksh 1,580,532 |
| Year 15 | Ksh 10,000,000 | Ksh 15,737,220 | 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 15 years would run about Ksh 109,674/month — saving Ksh 5,995,980 in interest. See the Citibank N.A. Kenya version →