Ksh 2,000,000 loan at HFC Limited for 5 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 2,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 51,870. Total cost: Ksh 3,112,206 (Ksh 1,112,206 interest).
Monthly repayment
Ksh 51,870
At 18.99% · 60 payments
Total repayment
Ksh 3,112,206
1.56× the borrowed amount
Total interest
Ksh 1,112,206
Ksh 229,624 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 264,915 | Ksh 357,526 | Ksh 1,735,085 |
| Year 2 | Ksh 584,755 | Ksh 660,127 | Ksh 1,415,245 |
| Year 3 | Ksh 970,908 | Ksh 896,415 | Ksh 1,029,092 |
| Year 4 | Ksh 1,437,123 | Ksh 1,052,641 | Ksh 562,877 |
| Year 5 | Ksh 2,000,000 | Ksh 1,112,206 | 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 5 years would run about Ksh 42,849/month — saving Ksh 541,252 in interest. See the Citibank N.A. Kenya version →