Ksh 2,000,000 loan at Diamond Trust Bank Kenya for 15 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 28,597. Total cost: Ksh 5,147,444 (Ksh 3,147,444 interest).
Monthly repayment
Ksh 28,597
At 15.44% · 180 payments
Total repayment
Ksh 5,147,444
2.57× the borrowed amount
Total interest
Ksh 3,147,444
-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 36,902 | Ksh 306,261 | Ksh 1,963,098 |
| Year 2 | Ksh 79,923 | Ksh 606,403 | Ksh 1,920,077 |
| Year 3 | Ksh 130,077 | Ksh 899,412 | Ksh 1,869,923 |
| Year 4 | Ksh 188,547 | Ksh 1,184,105 | Ksh 1,811,453 |
| Year 5 | Ksh 256,711 | Ksh 1,459,103 | Ksh 1,743,289 |
| Year 6 | Ksh 336,179 | Ksh 1,722,799 | Ksh 1,663,821 |
| Year 7 | Ksh 428,822 | Ksh 1,973,319 | Ksh 1,571,178 |
| Year 8 | Ksh 536,827 | Ksh 2,208,477 | Ksh 1,463,173 |
| Year 9 | Ksh 662,739 | Ksh 2,425,727 | Ksh 1,337,261 |
| Year 10 | Ksh 809,529 | Ksh 2,622,100 | Ksh 1,190,471 |
| Year 11 | Ksh 980,658 | Ksh 2,794,134 | Ksh 1,019,342 |
| Year 12 | Ksh 1,180,162 | Ksh 2,937,793 | Ksh 819,838 |
| Year 13 | Ksh 1,412,746 | Ksh 3,048,372 | Ksh 587,254 |
| Year 14 | Ksh 1,683,894 | Ksh 3,120,388 | Ksh 316,106 |
| Year 15 | Ksh 2,000,000 | Ksh 3,147,444 | 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 15 years would run about Ksh 21,935/month — saving Ksh 1,199,196 in interest. See the Citibank N.A. Kenya version →