Ksh 500,000 loan at Diamond Trust Bank Kenya for 2 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 24,348. Total cost: Ksh 584,352 (Ksh 84,352 interest).
Monthly repayment
Ksh 24,348
At 15.44% · 24 payments
Total repayment
Ksh 584,352
1.17× the borrowed amount
Total interest
Ksh 84,352
-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 230,861 | Ksh 61,315 | Ksh 269,139 |
| Year 2 | Ksh 500,000 | Ksh 84,352 | 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 2 years would run about Ksh 23,156/month — saving Ksh 28,616 in interest. See the Citibank N.A. Kenya version →