Ksh 1,000,000 loan at HFC Limited for 10 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 18,661. Total cost: Ksh 2,239,284 (Ksh 1,239,284 interest).
Monthly repayment
Ksh 18,661
At 18.99% · 120 payments
Total repayment
Ksh 2,239,284
2.24× the borrowed amount
Total interest
Ksh 1,239,284
Ksh 270,804 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 37,152 | Ksh 186,776 | Ksh 962,848 |
| Year 2 | Ksh 82,007 | Ksh 365,850 | Ksh 917,993 |
| Year 3 | Ksh 136,162 | Ksh 535,623 | Ksh 863,838 |
| Year 4 | Ksh 201,545 | Ksh 694,169 | Ksh 798,455 |
| Year 5 | Ksh 280,483 | Ksh 839,159 | Ksh 719,517 |
| Year 6 | Ksh 375,789 | Ksh 967,782 | Ksh 624,211 |
| Year 7 | Ksh 490,854 | Ksh 1,076,645 | Ksh 509,146 |
| Year 8 | Ksh 629,776 | Ksh 1,161,652 | Ksh 370,224 |
| Year 9 | Ksh 797,500 | Ksh 1,217,855 | Ksh 202,500 |
| Year 10 | Ksh 1,000,000 | Ksh 1,239,284 | 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 1,000,000 loan over 10 years would run about Ksh 13,415/month — saving Ksh 629,457 in interest. See the Citibank N.A. Kenya version →