Ksh 5,000,000 loan at Diamond Trust Bank Kenya for 15 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 5,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 71,492. Total cost: Ksh 12,868,610 (Ksh 7,868,610 interest).
Monthly repayment
Ksh 71,492
At 15.44% · 180 payments
Total repayment
Ksh 12,868,610
2.57× the borrowed amount
Total interest
Ksh 7,868,610
-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 92,255 | Ksh 765,652 | Ksh 4,907,745 |
| Year 2 | Ksh 199,807 | Ksh 1,516,008 | Ksh 4,800,193 |
| Year 3 | Ksh 325,192 | Ksh 2,248,530 | Ksh 4,674,808 |
| Year 4 | Ksh 471,367 | Ksh 2,960,263 | Ksh 4,528,633 |
| Year 5 | Ksh 641,779 | Ksh 3,647,758 | Ksh 4,358,221 |
| Year 6 | Ksh 840,446 | Ksh 4,306,998 | Ksh 4,159,554 |
| Year 7 | Ksh 1,072,055 | Ksh 4,933,296 | Ksh 3,927,945 |
| Year 8 | Ksh 1,342,066 | Ksh 5,521,192 | Ksh 3,657,934 |
| Year 9 | Ksh 1,656,848 | Ksh 6,064,318 | Ksh 3,343,152 |
| Year 10 | Ksh 2,023,823 | Ksh 6,555,250 | Ksh 2,976,177 |
| Year 11 | Ksh 2,451,646 | Ksh 6,985,335 | Ksh 2,548,354 |
| Year 12 | Ksh 2,950,406 | Ksh 7,344,482 | Ksh 2,049,594 |
| Year 13 | Ksh 3,531,864 | Ksh 7,620,931 | Ksh 1,468,136 |
| Year 14 | Ksh 4,209,734 | Ksh 7,800,969 | Ksh 790,266 |
| Year 15 | Ksh 5,000,000 | Ksh 7,868,610 | 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 15 years would run about Ksh 54,837/month — saving Ksh 2,997,990 in interest. See the Citibank N.A. Kenya version →