Ksh 1,000,000 loan at HFC Limited for 3 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 36,651. Total cost: Ksh 1,319,435 (Ksh 319,435 interest).
Monthly repayment
Ksh 36,651
At 18.99% · 36 payments
Total repayment
Ksh 1,319,435
1.32× the borrowed amount
Total interest
Ksh 319,435
Ksh 63,712 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 272,853 | Ksh 166,959 | Ksh 727,147 |
| Year 2 | Ksh 602,276 | Ksh 277,347 | Ksh 397,724 |
| Year 3 | Ksh 1,000,000 | Ksh 319,435 | 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 3 years would run about Ksh 32,436/month — saving Ksh 151,722 in interest. See the Citibank N.A. Kenya version →