Kalkulator Pinjaman Malaysia
Anggar bayaran bulanan, jumlah faedah, dan jadual bayaran balik pinjaman.
Loan Details
Per annum (reducing balance)
Quick select:
Fill in your loan details and tap Calculate Repayment.
How Loan Repayments Are Calculated
This calculator uses the reducing-balance (amortisation) method, which is the standard approach for personal loans, home loans, and most bank term loans in Malaysia. Each monthly payment covers interest on the outstanding balance first; the remainder reduces your principal.
M = monthly payment · P = principal · r = monthly rate · n = total months
Tenure vs Interest
Extending your tenure lowers monthly payments but can more than double your total interest paid. Run the numbers before committing.
Early Repayment
Many Malaysian banks allow early settlement. Paying extra toward principal early in the tenure saves the most interest due to the reducing-balance structure.
Flat vs Reducing Rate
Car hire-purchase uses flat rates — the interest is fixed on the original principal. A 3.5% flat rate is equivalent to roughly 6–7% reducing balance.
Disclaimer:This calculator provides estimates for informational purposes only. It does not constitute financial advice. Actual loan repayments depend on your bank's terms, processing fees, insurance premiums (MRTA/MLTA), and whether the rate is fixed or variable. Always obtain a formal loan offer from your bank before making financial decisions.
Frequently Asked Questions
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How Loan Interest Works in Malaysia
Most loans in Malaysia — including home loans, personal loans, and car loans — use the reducing-balance method to calculate interest. Under this method, interest is charged on the outstanding principal balance each month. As you make repayments, the outstanding balance decreases, so less interest accrues in each subsequent month — and a larger portion of each payment goes toward reducing the principal.
This is fundamentally different from the flat rate method used in some hire-purchase agreements, where interest is calculated on the full original loan amount throughout the entire tenure. For the same stated rate, a reducing-balance loan costs considerably less in total interest than a flat-rate loan — so comparing loans requires converting all rates to a common basis.
Typical Loan Interest Rates in Malaysia (2024)
| Loan Type | Typical Rate | Rate Type | Max Tenure |
|---|---|---|---|
| Home Loan / Mortgage | 3.5% – 4.5% p.a. | Variable (BFR-based) | 35 years |
| Islamic Home Financing | 3.5% – 4.5% p.a. | Profit rate (variable) | 35 years |
| Personal Loan (bank) | 6% – 18% p.a. | Fixed (reducing balance) | 7 years |
| Car Loan (hire purchase) | 2.5% – 3.5% p.a. flat | Flat rate | 9 years |
| Personal Loan (licensed moneylender) | Up to 18% p.a. | Regulated flat rate | — |
| PTPTN student loan | 1% p.a. | Flat rate | 15 years |
Rates are indicative ranges as of 2024. Actual rates depend on your credit profile, income, and the lender's assessment.
Example: RM400,000 Home Loan Calculation
RM400,000 loan at 4.0% per annum — 25 vs 30 years
Types of Loans Available in Malaysia
Malaysian borrowers have access to a range of loan products through banks, development financial institutions (DFIs), and licensed moneylenders. The main loan types are:
- ▸Home Loan / Mortgage — Secured against property. Lowest interest rates among retail loans. Variable rate linked to the bank's Base Financing Rate (BFR). Maximum tenure 35 years or until age 70.
- ▸Personal Loan — Unsecured; no collateral required. Higher rates (6–18%) reflecting higher lender risk. Used for education, renovation, medical emergencies, or debt consolidation. Maximum 7-year tenure with banks; shorter with licensed moneylenders.
- ▸Car Loan / Hire Purchase — The bank technically owns the car until full repayment. Flat interest rate (2.5–3.5%), which is equivalent to a higher effective rate. Up to 9-year tenure. Early settlement incurs a Rule-of-78 rebate calculation.
- ▸Islamic Financing — Available for all loan types. Structured as Murabahah (cost + markup), Musharakah (partnership), or BBA (deferred payment). Functionally similar to conventional loans but structured to comply with Shariah principles.
How to Reduce Your Total Loan Interest
- ▸Make extra repayments — Most Malaysian home loans allow extra payments without penalty. Every RM1,000 extra paid on your principal reduces future interest directly. One additional monthly repayment per year can shorten a 30-year mortgage by 4–5 years.
- ▸Choose a shorter tenure — A 25-year mortgage generates far less total interest than a 30-year one. If your monthly budget allows the higher repayment, shorter tenure is almost always financially superior.
- ▸Refinance when rates drop — If your loan was taken out during a high-rate period and rates have since fallen, refinancing could save thousands. Factor in legal and valuation fees when calculating net savings.
- ▸Improve your credit score before applying — A higher CCRIS/CTOS score gives you access to lower rates. Paying all existing commitments on time for 12 months before a major loan application significantly improves your rate offer.