Ksh 5,000,000 loan at Diamond Trust Bank Kenya for 3 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 174,406. Total cost: Ksh 6,278,613 (Ksh 1,278,613 interest).
Monthly repayment
Ksh 174,406
At 15.44% · 36 payments
Total repayment
Ksh 6,278,613
1.26× the borrowed amount
Total interest
Ksh 1,278,613
-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 1,418,472 | Ksh 674,399 | Ksh 3,581,528 |
| Year 2 | Ksh 3,072,140 | Ksh 1,113,603 | Ksh 1,927,860 |
| Year 3 | Ksh 5,000,000 | Ksh 1,278,613 | 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 3 years would run about Ksh 162,182/month — saving Ksh 440,049 in interest. See the Citibank N.A. Kenya version →