Ksh 500,000 loan at Diamond Trust Bank Kenya for 10 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 8,202. Total cost: Ksh 984,240 (Ksh 484,240 interest).
Monthly repayment
Ksh 8,202
At 15.44% · 120 payments
Total repayment
Ksh 984,240
1.97× the borrowed amount
Total interest
Ksh 484,240
-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 22,792 | Ksh 75,632 | Ksh 477,208 |
| Year 2 | Ksh 49,364 | Ksh 147,484 | Ksh 450,636 |
| Year 3 | Ksh 80,341 | Ksh 214,931 | Ksh 419,659 |
| Year 4 | Ksh 116,455 | Ksh 277,242 | Ksh 383,545 |
| Year 5 | Ksh 158,556 | Ksh 333,564 | Ksh 341,444 |
| Year 6 | Ksh 207,638 | Ksh 382,906 | Ksh 292,362 |
| Year 7 | Ksh 264,859 | Ksh 424,109 | Ksh 235,141 |
| Year 8 | Ksh 331,567 | Ksh 455,825 | Ksh 168,433 |
| Year 9 | Ksh 409,336 | Ksh 476,480 | Ksh 90,664 |
| Year 10 | Ksh 500,000 | Ksh 484,240 | 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 500,000 loan over 10 years would run about Ksh 6,708/month — saving Ksh 179,326 in interest. See the Citibank N.A. Kenya version →