Ksh 500,000 loan at HFC Limited for 2 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 25,202. Total cost: Ksh 604,845 (Ksh 104,845 interest).
Monthly repayment
Ksh 25,202
At 18.99% · 24 payments
Total repayment
Ksh 604,845
1.21× the borrowed amount
Total interest
Ksh 104,845
Ksh 20,494 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 226,518 | Ksh 75,905 | Ksh 273,482 |
| Year 2 | Ksh 500,000 | Ksh 104,845 | 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 2 years would run about Ksh 23,156/month — saving Ksh 49,110 in interest. See the Citibank N.A. Kenya version →