Ksh 5,000,000 loan at HFC Limited for 3 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 5,000,000 fixed-rate loan over 3 years has a monthly repayment of Ksh 183,255. Total cost: Ksh 6,597,174 (Ksh 1,597,174 interest).
Monthly repayment
Ksh 183,255
At 18.99% · 36 payments
Total repayment
Ksh 6,597,174
1.32× the borrowed amount
Total interest
Ksh 1,597,174
Ksh 318,560 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 1,364,263 | Ksh 834,795 | Ksh 3,635,737 |
| Year 2 | Ksh 3,011,381 | Ksh 1,386,735 | Ksh 1,988,619 |
| Year 3 | Ksh 5,000,000 | Ksh 1,597,174 | 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 3 years would run about Ksh 162,182/month — saving Ksh 758,609 in interest. See the Citibank N.A. Kenya version →