Ksh 1,000,000 loan at HFC Limited for 5 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 1,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 25,935. Total cost: Ksh 1,556,103 (Ksh 556,103 interest).
Monthly repayment
Ksh 25,935
At 18.99% · 60 payments
Total repayment
Ksh 1,556,103
1.56× the borrowed amount
Total interest
Ksh 556,103
Ksh 114,812 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 132,457 | Ksh 178,763 | Ksh 867,543 |
| Year 2 | Ksh 292,377 | Ksh 330,064 | Ksh 707,623 |
| Year 3 | Ksh 485,454 | Ksh 448,208 | Ksh 514,546 |
| Year 4 | Ksh 718,562 | Ksh 526,321 | Ksh 281,438 |
| Year 5 | Ksh 1,000,000 | Ksh 556,103 | 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 5 years would run about Ksh 21,425/month — saving Ksh 270,626 in interest. See the Citibank N.A. Kenya version →