Ksh 500,000 loan at HFC Limited for 1 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 1 year has a monthly repayment of Ksh 46,076. Total cost: Ksh 552,911 (Ksh 52,911 interest).
Monthly repayment
Ksh 46,076
At 18.99% · 12 payments
Total repayment
Ksh 552,911
1.11× the borrowed amount
Total interest
Ksh 52,911
Ksh 10,114 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 500,000 | Ksh 52,911 | 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 500,000 loan over 1 years would run about Ksh 44,042/month — saving Ksh 24,410 in interest. See the Citibank N.A. Kenya version →