Ksh 500,000 loan at Diamond Trust Bank Kenya for 5 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,011. Total cost: Ksh 720,646 (Ksh 220,645 interest).
Monthly repayment
Ksh 12,011
At 15.44% · 60 payments
Total repayment
Ksh 720,646
1.44× the borrowed amount
Total interest
Ksh 220,645
-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 71,875 | Ksh 72,255 | Ksh 428,125 |
| Year 2 | Ksh 155,667 | Ksh 132,592 | Ksh 344,333 |
| Year 3 | Ksh 253,352 | Ksh 179,035 | Ksh 246,648 |
| Year 4 | Ksh 367,235 | Ksh 209,282 | Ksh 132,765 |
| Year 5 | Ksh 500,000 | Ksh 220,645 | 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 5 years would run about Ksh 10,712/month — saving Ksh 77,907 in interest. See the Citibank N.A. Kenya version →