Ksh 5,000,000 loan at HFC Limited for 5 years.
At HFC Limited's current lending rate of 18.99%, a Ksh 5,000,000 fixed-rate loan over 5 years has a monthly repayment of Ksh 129,675. Total cost: Ksh 7,780,515 (Ksh 2,780,515 interest).
Monthly repayment
Ksh 129,675
At 18.99% · 60 payments
Total repayment
Ksh 7,780,515
1.56× the borrowed amount
Total interest
Ksh 2,780,515
Ksh 574,060 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 662,287 | Ksh 893,816 | Ksh 4,337,713 |
| Year 2 | Ksh 1,461,887 | Ksh 1,650,319 | Ksh 3,538,113 |
| Year 3 | Ksh 2,427,270 | Ksh 2,241,038 | Ksh 2,572,730 |
| Year 4 | Ksh 3,592,808 | Ksh 2,631,603 | Ksh 1,407,192 |
| Year 5 | Ksh 5,000,000 | Ksh 2,780,515 | 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 5 years would run about Ksh 107,123/month — saving Ksh 1,353,131 in interest. See the Citibank N.A. Kenya version →