Ksh 500,000 loan at Diamond Trust Bank Kenya for 15 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 7,149. Total cost: Ksh 1,286,861 (Ksh 786,861 interest).
Monthly repayment
Ksh 7,149
At 15.44% · 180 payments
Total repayment
Ksh 1,286,861
2.57× the borrowed amount
Total interest
Ksh 786,861
-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 9,226 | Ksh 76,565 | Ksh 490,774 |
| Year 2 | Ksh 19,981 | Ksh 151,601 | Ksh 480,019 |
| Year 3 | Ksh 32,519 | Ksh 224,853 | Ksh 467,481 |
| Year 4 | Ksh 47,137 | Ksh 296,026 | Ksh 452,863 |
| Year 5 | Ksh 64,178 | Ksh 364,776 | Ksh 435,822 |
| Year 6 | Ksh 84,045 | Ksh 430,700 | Ksh 415,955 |
| Year 7 | Ksh 107,206 | Ksh 493,330 | Ksh 392,795 |
| Year 8 | Ksh 134,207 | Ksh 552,119 | Ksh 365,793 |
| Year 9 | Ksh 165,685 | Ksh 606,432 | Ksh 334,315 |
| Year 10 | Ksh 202,382 | Ksh 655,525 | Ksh 297,618 |
| Year 11 | Ksh 245,165 | Ksh 698,533 | Ksh 254,835 |
| Year 12 | Ksh 295,041 | Ksh 734,448 | Ksh 204,959 |
| Year 13 | Ksh 353,186 | Ksh 762,093 | Ksh 146,814 |
| Year 14 | Ksh 420,973 | Ksh 780,097 | Ksh 79,027 |
| Year 15 | Ksh 500,000 | Ksh 786,861 | 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 15 years would run about Ksh 5,484/month — saving Ksh 299,799 in interest. See the Citibank N.A. Kenya version →