Ksh 5,000,000 loan at Diamond Trust Bank Kenya for 2 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 243,480. Total cost: Ksh 5,843,515 (Ksh 843,515 interest).
Monthly repayment
Ksh 243,480
At 15.44% · 24 payments
Total repayment
Ksh 5,843,515
1.17× the borrowed amount
Total interest
Ksh 843,515
-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 2,308,606 | Ksh 613,151 | Ksh 2,691,394 |
| Year 2 | Ksh 5,000,000 | Ksh 843,515 | 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 2 years would run about Ksh 231,556/month — saving Ksh 286,164 in interest. See the Citibank N.A. Kenya version →