Ksh 5,000,000 loan at HFC Limited for 10 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 5,000,000 fixed-rate loan over 10 years has a monthly repayment of Ksh 93,304. Total cost: Ksh 11,196,420 (Ksh 6,196,420 interest).
Monthly repayment
Ksh 93,304
At 18.99% · 120 payments
Total repayment
Ksh 11,196,420
2.24× the borrowed amount
Total interest
Ksh 6,196,420
Ksh 1,354,018 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 185,760 | Ksh 933,882 | Ksh 4,814,240 |
| Year 2 | Ksh 410,035 | Ksh 1,829,249 | Ksh 4,589,965 |
| Year 3 | Ksh 680,809 | Ksh 2,678,117 | Ksh 4,319,191 |
| Year 4 | Ksh 1,007,723 | Ksh 3,470,845 | Ksh 3,992,277 |
| Year 5 | Ksh 1,402,417 | Ksh 4,195,793 | Ksh 3,597,583 |
| Year 6 | Ksh 1,878,943 | Ksh 4,838,909 | Ksh 3,121,057 |
| Year 7 | Ksh 2,454,269 | Ksh 5,383,225 | Ksh 2,545,731 |
| Year 8 | Ksh 3,148,878 | Ksh 5,808,258 | Ksh 1,851,122 |
| Year 9 | Ksh 3,987,502 | Ksh 6,089,276 | Ksh 1,012,498 |
| Year 10 | Ksh 5,000,000 | Ksh 6,196,420 | 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 5,000,000 loan over 10 years would run about Ksh 67,076/month — saving Ksh 3,147,283 in interest. See the Citibank N.A. Kenya version →