Ksh 1,000,000 loan at HFC Limited for 2 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 50,404. Total cost: Ksh 1,209,690 (Ksh 209,690 interest).
Monthly repayment
Ksh 50,404
At 18.99% · 24 payments
Total repayment
Ksh 1,209,690
1.21× the borrowed amount
Total interest
Ksh 209,690
Ksh 40,987 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 453,036 | Ksh 151,810 | Ksh 546,964 |
| Year 2 | Ksh 1,000,000 | Ksh 209,690 | 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 2 years would run about Ksh 46,311/month — saving Ksh 98,220 in interest. See the Citibank N.A. Kenya version →