Ksh 2,000,000 loan at Diamond Trust Bank Kenya for 10 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 32,808. Total cost: Ksh 3,936,961 (Ksh 1,936,961 interest).
Monthly repayment
Ksh 32,808
At 15.44% · 120 payments
Total repayment
Ksh 3,936,961
1.97× the borrowed amount
Total interest
Ksh 1,936,961
-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 91,169 | Ksh 302,527 | Ksh 1,908,831 |
| Year 2 | Ksh 197,455 | Ksh 589,937 | Ksh 1,802,545 |
| Year 3 | Ksh 321,364 | Ksh 859,724 | Ksh 1,678,636 |
| Year 4 | Ksh 465,818 | Ksh 1,108,966 | Ksh 1,534,182 |
| Year 5 | Ksh 634,224 | Ksh 1,334,256 | Ksh 1,365,776 |
| Year 6 | Ksh 830,553 | Ksh 1,531,623 | Ksh 1,169,447 |
| Year 7 | Ksh 1,059,435 | Ksh 1,696,437 | Ksh 940,565 |
| Year 8 | Ksh 1,326,268 | Ksh 1,823,300 | Ksh 673,732 |
| Year 9 | Ksh 1,637,345 | Ksh 1,905,920 | Ksh 362,655 |
| Year 10 | Ksh 2,000,000 | Ksh 1,936,961 | 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 2,000,000 loan over 10 years would run about Ksh 26,830/month — saving Ksh 717,306 in interest. See the Citibank N.A. Kenya version →