Ksh 10,000,000 loan at Diamond Trust Bank Kenya for 3 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 10,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 348,812. Total cost: Ksh 12,557,227 (Ksh 2,557,227 interest).
Monthly repayment
Ksh 348,812
At 15.44% · 36 payments
Total repayment
Ksh 12,557,227
1.26× the borrowed amount
Total interest
Ksh 2,557,227
-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 2,836,945 | Ksh 1,348,798 | Ksh 7,163,055 |
| Year 2 | Ksh 6,144,280 | Ksh 2,227,205 | Ksh 3,855,720 |
| Year 3 | Ksh 10,000,000 | Ksh 2,557,227 | 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 3 years would run about Ksh 324,365/month — saving Ksh 880,098 in interest. See the Citibank N.A. Kenya version →