Ksh 2,000,000 loan at HFC Limited for 15 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 2,000,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 33,643. Total cost: Ksh 6,055,727 (Ksh 4,055,728 interest).
Monthly repayment
Ksh 33,643
At 18.99% · 180 payments
Total repayment
Ksh 6,055,727
3.03× the borrowed amount
Total interest
Ksh 4,055,728
Ksh 908,284 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 26,111 | Ksh 377,605 | Ksh 1,973,889 |
| Year 2 | Ksh 57,635 | Ksh 749,796 | Ksh 1,942,365 |
| Year 3 | Ksh 95,695 | Ksh 1,115,451 | Ksh 1,904,305 |
| Year 4 | Ksh 141,646 | Ksh 1,473,215 | Ksh 1,858,354 |
| Year 5 | Ksh 197,124 | Ksh 1,821,452 | Ksh 1,802,876 |
| Year 6 | Ksh 264,104 | Ksh 2,158,187 | Ksh 1,735,896 |
| Year 7 | Ksh 344,972 | Ksh 2,481,034 | Ksh 1,655,028 |
| Year 8 | Ksh 442,607 | Ksh 2,787,115 | Ksh 1,557,393 |
| Year 9 | Ksh 560,484 | Ksh 3,072,953 | Ksh 1,439,516 |
| Year 10 | Ksh 702,801 | Ksh 3,334,351 | Ksh 1,297,199 |
| Year 11 | Ksh 874,624 | Ksh 3,566,243 | Ksh 1,125,376 |
| Year 12 | Ksh 1,082,072 | Ksh 3,762,510 | Ksh 917,928 |
| Year 13 | Ksh 1,332,531 | Ksh 3,915,766 | Ksh 667,469 |
| Year 14 | Ksh 1,634,918 | Ksh 4,017,094 | Ksh 365,082 |
| Year 15 | Ksh 2,000,000 | Ksh 4,055,728 | 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 15 years would run about Ksh 21,935/month — saving Ksh 2,107,480 in interest. See the Citibank N.A. Kenya version →