Ksh 5,000,000 loan at Diamond Trust Bank Kenya for 5 years.
At Diamond Trust Bank Kenya's current lending rate of 15.44%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 120,108. Total cost: Ksh 7,206,454 (Ksh 2,206,454 interest).
Monthly repayment
Ksh 120,108
At 15.44% · 60 payments
Total repayment
Ksh 7,206,454
1.44× the borrowed amount
Total interest
Ksh 2,206,454
-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 718,746 | Ksh 722,545 | Ksh 4,281,254 |
| Year 2 | Ksh 1,556,666 | Ksh 1,325,916 | Ksh 3,443,334 |
| Year 3 | Ksh 2,533,521 | Ksh 1,790,352 | Ksh 2,466,479 |
| Year 4 | Ksh 3,672,347 | Ksh 2,092,817 | Ksh 1,327,653 |
| Year 5 | Ksh 5,000,000 | Ksh 2,206,454 | 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 5 years would run about Ksh 107,123/month — saving Ksh 779,071 in interest. See the Citibank N.A. Kenya version →