Loan Calculator Malaysia
Estimate your monthly repayment, total interest cost, and year-by-year amortisation for any Malaysian loan — personal, home, or car.
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
Disclaimer: This calculator and article are provided for educational and informational purposes only. Results are estimates and should not be considered financial, tax, legal, or investment advice. Please consult the relevant authority, financial institution, or qualified professional before making financial decisions.