Ksh 10,000,000 loan at HFC Limited for 5 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 10,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 259,350. Total cost: Ksh 15,561,029 (Ksh 5,561,029 interest).
Monthly repayment
Ksh 259,350
At 18.99% · 60 payments
Total repayment
Ksh 15,561,029
1.56× the borrowed amount
Total interest
Ksh 5,561,029
Ksh 1,148,121 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 1,324,574 | Ksh 1,787,632 | Ksh 8,675,426 |
| Year 2 | Ksh 2,923,774 | Ksh 3,300,637 | Ksh 7,076,226 |
| Year 3 | Ksh 4,854,541 | Ksh 4,482,077 | Ksh 5,145,459 |
| Year 4 | Ksh 7,185,617 | Ksh 5,263,207 | Ksh 2,814,383 |
| Year 5 | Ksh 10,000,000 | Ksh 5,561,029 | 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 5 years would run about Ksh 214,246/month — saving Ksh 2,706,262 in interest. See the Citibank N.A. Kenya version →