Ksh 2,000,000 loan at Diamond Trust Bank Kenya for 5 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 48,043. Total cost: Ksh 2,882,582 (Ksh 882,582 interest).
Monthly repayment
Ksh 48,043
At 15.44% · 60 payments
Total repayment
Ksh 2,882,582
1.44× the borrowed amount
Total interest
Ksh 882,582
-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 287,498 | Ksh 289,018 | Ksh 1,712,502 |
| Year 2 | Ksh 622,666 | Ksh 530,366 | Ksh 1,377,334 |
| Year 3 | Ksh 1,013,408 | Ksh 716,141 | Ksh 986,592 |
| Year 4 | Ksh 1,468,939 | Ksh 837,127 | Ksh 531,061 |
| Year 5 | Ksh 2,000,000 | Ksh 882,582 | 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 5 years would run about Ksh 42,849/month — saving Ksh 311,628 in interest. See the Citibank N.A. Kenya version →