Ksh 500,000 loan at Diamond Trust Bank Kenya for 3 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 17,441. Total cost: Ksh 627,861 (Ksh 127,861 interest).
Monthly repayment
Ksh 17,441
At 15.44% · 36 payments
Total repayment
Ksh 627,861
1.26× the borrowed amount
Total interest
Ksh 127,861
-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 141,847 | Ksh 67,440 | Ksh 358,153 |
| Year 2 | Ksh 307,214 | Ksh 111,360 | Ksh 192,786 |
| Year 3 | Ksh 500,000 | Ksh 127,861 | 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 3 years would run about Ksh 16,218/month — saving Ksh 44,005 in interest. See the Citibank N.A. Kenya version →