Ksh 500,000 loan at Diamond Trust Bank Kenya for 20 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 500,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 6,747. Total cost: Ksh 1,619,297 (Ksh 1,119,297 interest).
Monthly repayment
Ksh 6,747
At 15.44% · 240 payments
Total repayment
Ksh 1,619,297
3.24× the borrowed amount
Total interest
Ksh 1,119,297
-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 4,043 | Ksh 76,922 | Ksh 495,957 |
| Year 2 | Ksh 8,756 | Ksh 153,173 | Ksh 491,244 |
| Year 3 | Ksh 14,251 | Ksh 228,643 | Ksh 485,749 |
| Year 4 | Ksh 20,658 | Ksh 303,202 | Ksh 479,342 |
| Year 5 | Ksh 28,126 | Ksh 376,699 | Ksh 471,874 |
| Year 6 | Ksh 36,832 | Ksh 448,957 | Ksh 463,168 |
| Year 7 | Ksh 46,983 | Ksh 519,772 | Ksh 453,017 |
| Year 8 | Ksh 58,816 | Ksh 588,903 | Ksh 441,184 |
| Year 9 | Ksh 72,611 | Ksh 656,073 | Ksh 427,389 |
| Year 10 | Ksh 88,694 | Ksh 720,955 | Ksh 411,306 |
| Year 11 | Ksh 107,443 | Ksh 783,171 | Ksh 392,557 |
| Year 12 | Ksh 129,301 | Ksh 842,278 | Ksh 370,699 |
| Year 13 | Ksh 154,783 | Ksh 897,760 | Ksh 345,217 |
| Year 14 | Ksh 184,491 | Ksh 949,018 | Ksh 315,509 |
| Year 15 | Ksh 219,124 | Ksh 995,349 | Ksh 280,876 |
| Year 16 | Ksh 259,500 | Ksh 1,035,938 | Ksh 240,501 |
| Year 17 | Ksh 306,570 | Ksh 1,069,833 | Ksh 193,430 |
| Year 18 | Ksh 361,445 | Ksh 1,095,923 | Ksh 138,555 |
| Year 19 | Ksh 425,419 | Ksh 1,112,914 | Ksh 74,581 |
| Year 20 | Ksh 500,000 | Ksh 1,119,297 | 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 20 years would run about Ksh 4,945/month — saving Ksh 432,505 in interest. See the Citibank N.A. Kenya version →