Ksh 10,000,000 loan at HFC Limited for 10 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 10,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 186,607. Total cost: Ksh 22,392,840 (Ksh 12,392,840 interest).
Monthly repayment
Ksh 186,607
At 18.99% · 120 payments
Total repayment
Ksh 22,392,840
2.24× the borrowed amount
Total interest
Ksh 12,392,840
Ksh 2,708,036 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 371,521 | Ksh 1,867,763 | Ksh 9,628,479 |
| Year 2 | Ksh 820,070 | Ksh 3,658,498 | Ksh 9,179,930 |
| Year 3 | Ksh 1,361,618 | Ksh 5,356,234 | Ksh 8,638,382 |
| Year 4 | Ksh 2,015,446 | Ksh 6,941,690 | Ksh 7,984,554 |
| Year 5 | Ksh 2,804,833 | Ksh 8,391,587 | Ksh 7,195,167 |
| Year 6 | Ksh 3,757,886 | Ksh 9,677,818 | Ksh 6,242,114 |
| Year 7 | Ksh 4,908,538 | Ksh 10,766,450 | Ksh 5,091,462 |
| Year 8 | Ksh 6,297,756 | Ksh 11,616,516 | Ksh 3,702,244 |
| Year 9 | Ksh 7,975,004 | Ksh 12,178,552 | Ksh 2,024,996 |
| Year 10 | Ksh 10,000,000 | Ksh 12,392,840 | 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 10,000,000 loan over 10 years would run about Ksh 134,152/month — saving Ksh 6,294,565 in interest. See the Citibank N.A. Kenya version →