Ksh 10,000,000 loan at Diamond Trust Bank Kenya for 5 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 240,215. Total cost: Ksh 14,412,909 (Ksh 4,412,909 interest).
Monthly repayment
Ksh 240,215
At 15.44% · 60 payments
Total repayment
Ksh 14,412,909
1.44× the borrowed amount
Total interest
Ksh 4,412,909
-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 1,437,492 | Ksh 1,445,090 | Ksh 8,562,508 |
| Year 2 | Ksh 3,113,332 | Ksh 2,651,832 | Ksh 6,886,668 |
| Year 3 | Ksh 5,067,041 | Ksh 3,580,704 | Ksh 4,932,959 |
| Year 4 | Ksh 7,344,693 | Ksh 4,185,634 | Ksh 2,655,307 |
| Year 5 | Ksh 10,000,000 | Ksh 4,412,909 | 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 5 years would run about Ksh 214,246/month — saving Ksh 1,558,141 in interest. See the Citibank N.A. Kenya version →