Ksh 10,000,000 loan at HFC Limited for 2 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 10,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 504,038. Total cost: Ksh 12,096,902 (Ksh 2,096,902 interest).
Monthly repayment
Ksh 504,038
At 18.99% · 24 payments
Total repayment
Ksh 12,096,902
1.21× the borrowed amount
Total interest
Ksh 2,096,902
Ksh 409,872 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 4,530,356 | Ksh 1,518,095 | Ksh 5,469,644 |
| Year 2 | Ksh 10,000,000 | Ksh 2,096,902 | 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 2 years would run about Ksh 463,113/month — saving Ksh 982,200 in interest. See the Citibank N.A. Kenya version →