Ksh 500,000 loan at HFC Limited for 10 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 9,330. Total cost: Ksh 1,119,642 (Ksh 619,642 interest).
Monthly repayment
Ksh 9,330
At 18.99% · 120 payments
Total repayment
Ksh 1,119,642
2.24× the borrowed amount
Total interest
Ksh 619,642
Ksh 135,402 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 18,576 | Ksh 93,388 | Ksh 481,424 |
| Year 2 | Ksh 41,004 | Ksh 182,925 | Ksh 458,997 |
| Year 3 | Ksh 68,081 | Ksh 267,812 | Ksh 431,919 |
| Year 4 | Ksh 100,772 | Ksh 347,085 | Ksh 399,228 |
| Year 5 | Ksh 140,242 | Ksh 419,579 | Ksh 359,758 |
| Year 6 | Ksh 187,894 | Ksh 483,891 | Ksh 312,106 |
| Year 7 | Ksh 245,427 | Ksh 538,323 | Ksh 254,573 |
| Year 8 | Ksh 314,888 | Ksh 580,826 | Ksh 185,112 |
| Year 9 | Ksh 398,750 | Ksh 608,928 | Ksh 101,250 |
| Year 10 | Ksh 500,000 | Ksh 619,642 | 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 10 years would run about Ksh 6,708/month — saving Ksh 314,728 in interest. See the Citibank N.A. Kenya version →