Ksh 500,000 loan at HFC Limited for 15 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 15 years has a monthly repayment of Ksh 8,411. Total cost: Ksh 1,513,931 (Ksh 1,013,932 interest).
Monthly repayment
Ksh 8,411
At 18.99% · 180 payments
Total repayment
Ksh 1,513,931
3.03× the borrowed amount
Total interest
Ksh 1,013,932
Ksh 227,071 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 6,528 | Ksh 94,401 | Ksh 493,472 |
| Year 2 | Ksh 14,409 | Ksh 187,449 | Ksh 485,591 |
| Year 3 | Ksh 23,924 | Ksh 278,863 | Ksh 476,076 |
| Year 4 | Ksh 35,411 | Ksh 368,304 | Ksh 464,589 |
| Year 5 | Ksh 49,281 | Ksh 455,363 | Ksh 450,719 |
| Year 6 | Ksh 66,026 | Ksh 539,547 | Ksh 433,974 |
| Year 7 | Ksh 86,243 | Ksh 620,258 | Ksh 413,757 |
| Year 8 | Ksh 110,652 | Ksh 696,779 | Ksh 389,348 |
| Year 9 | Ksh 140,121 | Ksh 768,238 | Ksh 359,879 |
| Year 10 | Ksh 175,700 | Ksh 833,588 | Ksh 324,300 |
| Year 11 | Ksh 218,656 | Ksh 891,561 | Ksh 281,344 |
| Year 12 | Ksh 270,518 | Ksh 940,627 | Ksh 229,482 |
| Year 13 | Ksh 333,133 | Ksh 978,942 | Ksh 166,867 |
| Year 14 | Ksh 408,730 | Ksh 1,004,274 | Ksh 91,270 |
| Year 15 | Ksh 500,000 | Ksh 1,013,932 | 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 15 years would run about Ksh 5,484/month — saving Ksh 526,870 in interest. See the Citibank N.A. Kenya version →