Ksh 5,000,000 loan at Diamond Trust Bank Kenya for 10 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 82,020. Total cost: Ksh 9,842,402 (Ksh 4,842,402 interest).
Monthly repayment
Ksh 82,020
At 15.44% · 120 payments
Total repayment
Ksh 9,842,402
1.97× the borrowed amount
Total interest
Ksh 4,842,402
-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 227,923 | Ksh 756,317 | Ksh 4,772,077 |
| Year 2 | Ksh 493,638 | Ksh 1,474,843 | Ksh 4,506,362 |
| Year 3 | Ksh 803,410 | Ksh 2,149,311 | Ksh 4,196,590 |
| Year 4 | Ksh 1,164,545 | Ksh 2,772,415 | Ksh 3,835,455 |
| Year 5 | Ksh 1,585,560 | Ksh 3,335,641 | Ksh 3,414,440 |
| Year 6 | Ksh 2,076,383 | Ksh 3,829,058 | Ksh 2,923,617 |
| Year 7 | Ksh 2,648,589 | Ksh 4,241,093 | Ksh 2,351,411 |
| Year 8 | Ksh 3,315,671 | Ksh 4,558,251 | Ksh 1,684,329 |
| Year 9 | Ksh 4,093,362 | Ksh 4,764,800 | Ksh 906,638 |
| Year 10 | Ksh 5,000,000 | Ksh 4,842,402 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 1,793,265 in interest. See the Citibank N.A. Kenya version →