Ksh 2,000,000 loan at Diamond Trust Bank Kenya for 3 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 2,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 69,762. Total cost: Ksh 2,511,445 (Ksh 511,445 interest).
Monthly repayment
Ksh 69,762
At 15.44% · 36 payments
Total repayment
Ksh 2,511,445
1.26× the borrowed amount
Total interest
Ksh 511,445
-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 567,389 | Ksh 269,760 | Ksh 1,432,611 |
| Year 2 | Ksh 1,228,856 | Ksh 445,441 | Ksh 771,144 |
| Year 3 | Ksh 2,000,000 | Ksh 511,445 | 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 3 years would run about Ksh 64,873/month — saving Ksh 176,020 in interest. See the Citibank N.A. Kenya version →