Ksh 500,000 loan at HFC Limited for 5 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 500,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 12,968. Total cost: Ksh 778,051 (Ksh 278,051 interest).
Monthly repayment
Ksh 12,968
At 18.99% · 60 payments
Total repayment
Ksh 778,051
1.56× the borrowed amount
Total interest
Ksh 278,051
Ksh 57,406 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 66,229 | Ksh 89,382 | Ksh 433,771 |
| Year 2 | Ksh 146,189 | Ksh 165,032 | Ksh 353,811 |
| Year 3 | Ksh 242,727 | Ksh 224,104 | Ksh 257,273 |
| Year 4 | Ksh 359,281 | Ksh 263,160 | Ksh 140,719 |
| Year 5 | Ksh 500,000 | Ksh 278,051 | 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 5 years would run about Ksh 10,712/month — saving Ksh 135,313 in interest. See the Citibank N.A. Kenya version →