Ksh 1,000,000 loan at HFC Limited for 15 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 16,821. Total cost: Ksh 3,027,865 (Ksh 2,027,864 interest).
Monthly repayment
Ksh 16,821
At 18.99% · 180 payments
Total repayment
Ksh 3,027,865
3.03× the borrowed amount
Total interest
Ksh 2,027,864
Ksh 454,142 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 13,055 | Ksh 188,802 | Ksh 986,945 |
| Year 2 | Ksh 28,817 | Ksh 374,898 | Ksh 971,183 |
| Year 3 | Ksh 47,847 | Ksh 557,725 | Ksh 952,153 |
| Year 4 | Ksh 70,823 | Ksh 736,608 | Ksh 929,177 |
| Year 5 | Ksh 98,562 | Ksh 910,726 | Ksh 901,438 |
| Year 6 | Ksh 132,052 | Ksh 1,079,093 | Ksh 867,948 |
| Year 7 | Ksh 172,486 | Ksh 1,240,517 | Ksh 827,514 |
| Year 8 | Ksh 221,303 | Ksh 1,393,557 | Ksh 778,697 |
| Year 9 | Ksh 280,242 | Ksh 1,536,476 | Ksh 719,758 |
| Year 10 | Ksh 351,400 | Ksh 1,667,176 | Ksh 648,600 |
| Year 11 | Ksh 437,312 | Ksh 1,783,121 | Ksh 562,688 |
| Year 12 | Ksh 541,036 | Ksh 1,881,255 | Ksh 458,964 |
| Year 13 | Ksh 666,266 | Ksh 1,957,883 | Ksh 333,734 |
| Year 14 | Ksh 817,459 | Ksh 2,008,547 | Ksh 182,541 |
| Year 15 | Ksh 1,000,000 | Ksh 2,027,864 | 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 15 years would run about Ksh 10,967/month — saving Ksh 1,053,740 in interest. See the Citibank N.A. Kenya version →