Ksh 5,000,000 loan at HFC Limited for 2 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 5,000,000 fixed-rate loan over 2 years has a monthly repayment of Ksh 252,019. Total cost: Ksh 6,048,451 (Ksh 1,048,451 interest).
Monthly repayment
Ksh 252,019
At 18.99% · 24 payments
Total repayment
Ksh 6,048,451
1.21× the borrowed amount
Total interest
Ksh 1,048,451
Ksh 204,936 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 2,265,178 | Ksh 759,048 | Ksh 2,734,822 |
| Year 2 | Ksh 5,000,000 | Ksh 1,048,451 | 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 2 years would run about Ksh 231,556/month — saving Ksh 491,100 in interest. See the Citibank N.A. Kenya version →