Ksh 500,000 loan at HFC Limited for 3 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 18,325. Total cost: Ksh 659,717 (Ksh 159,717 interest).
Monthly repayment
Ksh 18,325
At 18.99% · 36 payments
Total repayment
Ksh 659,717
1.32× the borrowed amount
Total interest
Ksh 159,717
Ksh 31,856 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 136,426 | Ksh 83,480 | Ksh 363,574 |
| Year 2 | Ksh 301,138 | Ksh 138,673 | Ksh 198,862 |
| Year 3 | Ksh 500,000 | Ksh 159,717 | 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 3 years would run about Ksh 16,218/month — saving Ksh 75,861 in interest. See the Citibank N.A. Kenya version →