Ksh 2,000,000 loan at HFC Limited for 2 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 2,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 100,808. Total cost: Ksh 2,419,380 (Ksh 419,380 interest).
Monthly repayment
Ksh 100,808
At 18.99% · 24 payments
Total repayment
Ksh 2,419,380
1.21× the borrowed amount
Total interest
Ksh 419,380
Ksh 81,974 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 906,071 | Ksh 303,619 | Ksh 1,093,929 |
| Year 2 | Ksh 2,000,000 | Ksh 419,380 | 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 2 years would run about Ksh 92,623/month — saving Ksh 196,440 in interest. See the Citibank N.A. Kenya version →