Ksh 1,000,000 loan at HFC Limited for 25 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 25 years has a monthly repayment of Ksh 15,969. Total cost: Ksh 4,790,625 (Ksh 3,790,624 interest).
Monthly repayment
Ksh 15,969
At 18.99% · 300 payments
Total repayment
Ksh 4,790,625
4.79× the borrowed amount
Total interest
Ksh 3,790,624
Ksh 845,435 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 1,883 | Ksh 189,742 | Ksh 998,117 |
| Year 2 | Ksh 4,157 | Ksh 379,093 | Ksh 995,843 |
| Year 3 | Ksh 6,902 | Ksh 567,973 | Ksh 993,098 |
| Year 4 | Ksh 10,217 | Ksh 756,283 | Ksh 989,783 |
| Year 5 | Ksh 14,218 | Ksh 943,907 | Ksh 985,782 |
| Year 6 | Ksh 19,050 | Ksh 1,130,700 | Ksh 980,950 |
| Year 7 | Ksh 24,882 | Ksh 1,316,492 | Ksh 975,118 |
| Year 8 | Ksh 31,925 | Ksh 1,501,075 | Ksh 968,075 |
| Year 9 | Ksh 40,427 | Ksh 1,684,198 | Ksh 959,573 |
| Year 10 | Ksh 50,692 | Ksh 1,865,558 | Ksh 949,308 |
| Year 11 | Ksh 63,086 | Ksh 2,044,789 | Ksh 936,914 |
| Year 12 | Ksh 78,049 | Ksh 2,221,451 | Ksh 921,951 |
| Year 13 | Ksh 96,114 | Ksh 2,395,011 | Ksh 903,886 |
| Year 14 | Ksh 117,925 | Ksh 2,564,825 | Ksh 882,075 |
| Year 15 | Ksh 144,258 | Ksh 2,730,117 | Ksh 855,742 |
| Year 16 | Ksh 176,050 | Ksh 2,889,949 | Ksh 823,950 |
| Year 17 | Ksh 214,435 | Ksh 3,043,190 | Ksh 785,565 |
| Year 18 | Ksh 260,777 | Ksh 3,188,472 | Ksh 739,223 |
| Year 19 | Ksh 316,728 | Ksh 3,324,147 | Ksh 683,272 |
| Year 20 | Ksh 384,279 | Ksh 3,448,220 | Ksh 615,721 |
| Year 21 | Ksh 465,836 | Ksh 3,558,288 | Ksh 534,164 |
| Year 22 | Ksh 564,302 | Ksh 3,651,447 | Ksh 435,698 |
| Year 23 | Ksh 683,183 | Ksh 3,724,191 | Ksh 316,817 |
| Year 24 | Ksh 826,713 | Ksh 3,772,287 | Ksh 173,287 |
| Year 25 | Ksh 1,000,000 | Ksh 3,790,624 | 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 25 years would run about Ksh 9,342/month — saving Ksh 1,988,023 in interest. See the Citibank N.A. Kenya version →