Ksh 1,000,000 loan at HFC Limited for 20 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 16,199. Total cost: Ksh 3,887,777 (Ksh 2,887,777 interest).
Monthly repayment
Ksh 16,199
At 18.99% · 240 payments
Total repayment
Ksh 3,887,777
3.89× the borrowed amount
Total interest
Ksh 2,887,777
Ksh 649,183 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 4,901 | Ksh 189,488 | Ksh 995,099 |
| Year 2 | Ksh 10,818 | Ksh 377,960 | Ksh 989,182 |
| Year 3 | Ksh 17,962 | Ksh 565,205 | Ksh 982,038 |
| Year 4 | Ksh 26,587 | Ksh 750,969 | Ksh 973,413 |
| Year 5 | Ksh 37,000 | Ksh 934,944 | Ksh 963,000 |
| Year 6 | Ksh 49,572 | Ksh 1,116,761 | Ksh 950,428 |
| Year 7 | Ksh 64,751 | Ksh 1,295,971 | Ksh 935,249 |
| Year 8 | Ksh 83,077 | Ksh 1,472,034 | Ksh 916,923 |
| Year 9 | Ksh 105,202 | Ksh 1,644,297 | Ksh 894,798 |
| Year 10 | Ksh 131,915 | Ksh 1,811,973 | Ksh 868,085 |
| Year 11 | Ksh 164,166 | Ksh 1,974,111 | Ksh 835,834 |
| Year 12 | Ksh 203,104 | Ksh 2,129,562 | Ksh 796,896 |
| Year 13 | Ksh 250,115 | Ksh 2,276,940 | Ksh 749,885 |
| Year 14 | Ksh 306,873 | Ksh 2,414,571 | Ksh 693,127 |
| Year 15 | Ksh 375,398 | Ksh 2,540,434 | Ksh 624,602 |
| Year 16 | Ksh 458,132 | Ksh 2,652,090 | Ksh 541,868 |
| Year 17 | Ksh 558,018 | Ksh 2,746,593 | Ksh 441,982 |
| Year 18 | Ksh 678,614 | Ksh 2,820,386 | Ksh 321,386 |
| Year 19 | Ksh 824,213 | Ksh 2,869,175 | Ksh 175,787 |
| Year 20 | Ksh 1,000,000 | Ksh 2,887,777 | 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 20 years would run about Ksh 9,890/month — saving Ksh 1,514,193 in interest. See the Citibank N.A. Kenya version →