Ksh 2,000,000 loan at HFC Limited for 10 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 2,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 37,321. Total cost: Ksh 4,478,568 (Ksh 2,478,568 interest).
Monthly repayment
Ksh 37,321
At 18.99% · 120 payments
Total repayment
Ksh 4,478,568
2.24× the borrowed amount
Total interest
Ksh 2,478,568
Ksh 541,607 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 74,304 | Ksh 373,553 | Ksh 1,925,696 |
| Year 2 | Ksh 164,014 | Ksh 731,700 | Ksh 1,835,986 |
| Year 3 | Ksh 272,324 | Ksh 1,071,247 | Ksh 1,727,676 |
| Year 4 | Ksh 403,089 | Ksh 1,388,338 | Ksh 1,596,911 |
| Year 5 | Ksh 560,967 | Ksh 1,678,317 | Ksh 1,439,033 |
| Year 6 | Ksh 751,577 | Ksh 1,935,564 | Ksh 1,248,423 |
| Year 7 | Ksh 981,708 | Ksh 2,153,290 | Ksh 1,018,292 |
| Year 8 | Ksh 1,259,551 | Ksh 2,323,303 | Ksh 740,449 |
| Year 9 | Ksh 1,595,001 | Ksh 2,435,710 | Ksh 404,999 |
| Year 10 | Ksh 2,000,000 | Ksh 2,478,568 | 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 2,000,000 loan over 10 years would run about Ksh 26,830/month — saving Ksh 1,258,913 in interest. See the Citibank N.A. Kenya version →