Ksh 500,000 loan at HFC Limited for 20 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 20 years has a monthly repayment of Ksh 8,100. Total cost: Ksh 1,943,890 (Ksh 1,443,889 interest).
Monthly repayment
Ksh 8,100
At 18.99% · 240 payments
Total repayment
Ksh 1,943,890
3.89× the borrowed amount
Total interest
Ksh 1,443,889
Ksh 324,591 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 2,450 | Ksh 94,744 | Ksh 497,550 |
| Year 2 | Ksh 5,409 | Ksh 188,980 | Ksh 494,591 |
| Year 3 | Ksh 8,981 | Ksh 282,602 | Ksh 491,019 |
| Year 4 | Ksh 13,293 | Ksh 375,484 | Ksh 486,707 |
| Year 5 | Ksh 18,500 | Ksh 467,472 | Ksh 481,500 |
| Year 6 | Ksh 24,786 | Ksh 558,380 | Ksh 475,214 |
| Year 7 | Ksh 32,376 | Ksh 647,986 | Ksh 467,624 |
| Year 8 | Ksh 41,538 | Ksh 736,017 | Ksh 458,462 |
| Year 9 | Ksh 52,601 | Ksh 822,149 | Ksh 447,399 |
| Year 10 | Ksh 65,958 | Ksh 905,987 | Ksh 434,042 |
| Year 11 | Ksh 82,083 | Ksh 987,056 | Ksh 417,917 |
| Year 12 | Ksh 101,552 | Ksh 1,064,781 | Ksh 398,448 |
| Year 13 | Ksh 125,058 | Ksh 1,138,470 | Ksh 374,942 |
| Year 14 | Ksh 153,436 | Ksh 1,207,286 | Ksh 346,564 |
| Year 15 | Ksh 187,699 | Ksh 1,270,217 | Ksh 312,301 |
| Year 16 | Ksh 229,066 | Ksh 1,326,045 | Ksh 270,934 |
| Year 17 | Ksh 279,009 | Ksh 1,373,296 | Ksh 220,991 |
| Year 18 | Ksh 339,307 | Ksh 1,410,193 | Ksh 160,693 |
| Year 19 | Ksh 412,107 | Ksh 1,434,588 | Ksh 87,893 |
| Year 20 | Ksh 500,000 | Ksh 1,443,889 | 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 20 years would run about Ksh 4,945/month — saving Ksh 757,096 in interest. See the Citibank N.A. Kenya version →