Loan Calculator Malaysia

Calculate monthly payments, total interest, and repayment schedule for car loans, house loans, motor loans, and more. Compare rates from Maybank, Bank Rakyat, and other Malaysian banks.

Loan Details

Perfect for Proton, Perodua, and other vehicle financing, or house loans for iProperty listings

Total amount financed: RM 90,000.00

Compare rates from Maybank, Bank Rakyat, and other banks

Common terms: 36, 48, 60, 72, 84 months for car loans; up to 360 months for house loans

Extra Payments (Optional)

Results

Monthly Payment
RM 1,251.01
Loan Amount
RM 100,000.00
Down Payment
RM 10,000.00
Total Financed
RM 90,000.00
Total Interest
RM 15,085.22
Total Payment
RM 105,085.22
Payment Schedule
MonthPayment DateBeginning BalancePrincipalInterestExtra PaymentTotal PaymentEnding Balance
1November 1, 2025RM 90,000.00RM 913.51RM 337.50RM 0.00RM 1,251.01RM 89,086.49
2December 1, 2025RM 89,086.49RM 916.94RM 334.07RM 0.00RM 1,251.01RM 88,169.55
3January 1, 2026RM 88,169.55RM 920.38RM 330.64RM 0.00RM 1,251.01RM 87,249.17
4February 1, 2026RM 87,249.17RM 923.83RM 327.18RM 0.00RM 1,251.01RM 86,325.34
5March 1, 2026RM 86,325.34RM 927.29RM 323.72RM 0.00RM 1,251.01RM 85,398.04
6April 1, 2026RM 85,398.04RM 930.77RM 320.24RM 0.00RM 1,251.01RM 84,467.27
7May 1, 2026RM 84,467.27RM 934.26RM 316.75RM 0.00RM 1,251.01RM 83,533.01
8June 1, 2026RM 83,533.01RM 937.77RM 313.25RM 0.00RM 1,251.01RM 82,595.24
9July 1, 2026RM 82,595.24RM 941.28RM 309.73RM 0.00RM 1,251.01RM 81,653.96
10August 1, 2026RM 81,653.96RM 944.81RM 306.20RM 0.00RM 1,251.01RM 80,709.15
11September 1, 2026RM 80,709.15RM 948.36RM 302.66RM 0.00RM 1,251.01RM 79,760.79
12October 1, 2026RM 79,760.79RM 951.91RM 299.10RM 0.00RM 1,251.01RM 78,808.88
13November 1, 2026RM 78,808.88RM 955.48RM 295.53RM 0.00RM 1,251.01RM 77,853.40
14December 1, 2026RM 77,853.40RM 959.06RM 291.95RM 0.00RM 1,251.01RM 76,894.34
15January 1, 2027RM 76,894.34RM 962.66RM 288.35RM 0.00RM 1,251.01RM 75,931.67
16February 1, 2027RM 75,931.67RM 966.27RM 284.74RM 0.00RM 1,251.01RM 74,965.40
17March 1, 2027RM 74,965.40RM 969.89RM 281.12RM 0.00RM 1,251.01RM 73,995.51
18April 1, 2027RM 73,995.51RM 973.53RM 277.48RM 0.00RM 1,251.01RM 73,021.98
19May 1, 2027RM 73,021.98RM 977.18RM 273.83RM 0.00RM 1,251.01RM 72,044.80
20June 1, 2027RM 72,044.80RM 980.85RM 270.17RM 0.00RM 1,251.01RM 71,063.95
21July 1, 2027RM 71,063.95RM 984.52RM 266.49RM 0.00RM 1,251.01RM 70,079.42
22August 1, 2027RM 70,079.42RM 988.22RM 262.80RM 0.00RM 1,251.01RM 69,091.21
23September 1, 2027RM 69,091.21RM 991.92RM 259.09RM 0.00RM 1,251.01RM 68,099.29
24October 1, 2027RM 68,099.29RM 995.64RM 255.37RM 0.00RM 1,251.01RM 67,103.64
25November 1, 2027RM 67,103.64RM 999.38RM 251.64RM 0.00RM 1,251.01RM 66,104.27
26December 1, 2027RM 66,104.27RM 1,003.12RM 247.89RM 0.00RM 1,251.01RM 65,101.14
27January 1, 2028RM 65,101.14RM 1,006.89RM 244.13RM 0.00RM 1,251.01RM 64,094.26
28February 1, 2028RM 64,094.26RM 1,010.66RM 240.35RM 0.00RM 1,251.01RM 63,083.60
29March 1, 2028RM 63,083.60RM 1,014.45RM 236.56RM 0.00RM 1,251.01RM 62,069.15
30April 1, 2028RM 62,069.15RM 1,018.26RM 232.76RM 0.00RM 1,251.01RM 61,050.89
31May 1, 2028RM 61,050.89RM 1,022.07RM 228.94RM 0.00RM 1,251.01RM 60,028.82
32June 1, 2028RM 60,028.82RM 1,025.91RM 225.11RM 0.00RM 1,251.01RM 59,002.91
33July 1, 2028RM 59,002.91RM 1,029.75RM 221.26RM 0.00RM 1,251.01RM 57,973.16
34August 1, 2028RM 57,973.16RM 1,033.62RM 217.40RM 0.00RM 1,251.01RM 56,939.54
35September 1, 2028RM 56,939.54RM 1,037.49RM 213.52RM 0.00RM 1,251.01RM 55,902.05
36October 1, 2028RM 55,902.05RM 1,041.38RM 209.63RM 0.00RM 1,251.01RM 54,860.67
37November 1, 2028RM 54,860.67RM 1,045.29RM 205.73RM 0.00RM 1,251.01RM 53,815.38
38December 1, 2028RM 53,815.38RM 1,049.21RM 201.81RM 0.00RM 1,251.01RM 52,766.18
39January 1, 2029RM 52,766.18RM 1,053.14RM 197.87RM 0.00RM 1,251.01RM 51,713.03
40February 1, 2029RM 51,713.03RM 1,057.09RM 193.92RM 0.00RM 1,251.01RM 50,655.94
41March 1, 2029RM 50,655.94RM 1,061.05RM 189.96RM 0.00RM 1,251.01RM 49,594.89
42April 1, 2029RM 49,594.89RM 1,065.03RM 185.98RM 0.00RM 1,251.01RM 48,529.86
43May 1, 2029RM 48,529.86RM 1,069.03RM 181.99RM 0.00RM 1,251.01RM 47,460.83
44June 1, 2029RM 47,460.83RM 1,073.04RM 177.98RM 0.00RM 1,251.01RM 46,387.79
45July 1, 2029RM 46,387.79RM 1,077.06RM 173.95RM 0.00RM 1,251.01RM 45,310.73
46August 1, 2029RM 45,310.73RM 1,081.10RM 169.92RM 0.00RM 1,251.01RM 44,229.63
47September 1, 2029RM 44,229.63RM 1,085.15RM 165.86RM 0.00RM 1,251.01RM 43,144.48
48October 1, 2029RM 43,144.48RM 1,089.22RM 161.79RM 0.00RM 1,251.01RM 42,055.26
49November 1, 2029RM 42,055.26RM 1,093.31RM 157.71RM 0.00RM 1,251.01RM 40,961.95
50December 1, 2029RM 40,961.95RM 1,097.41RM 153.61RM 0.00RM 1,251.01RM 39,864.54
51January 1, 2030RM 39,864.54RM 1,101.52RM 149.49RM 0.00RM 1,251.01RM 38,763.02
52February 1, 2030RM 38,763.02RM 1,105.65RM 145.36RM 0.00RM 1,251.01RM 37,657.37
53March 1, 2030RM 37,657.37RM 1,109.80RM 141.22RM 0.00RM 1,251.01RM 36,547.57
54April 1, 2030RM 36,547.57RM 1,113.96RM 137.05RM 0.00RM 1,251.01RM 35,433.61
55May 1, 2030RM 35,433.61RM 1,118.14RM 132.88RM 0.00RM 1,251.01RM 34,315.47
56June 1, 2030RM 34,315.47RM 1,122.33RM 128.68RM 0.00RM 1,251.01RM 33,193.13
57July 1, 2030RM 33,193.13RM 1,126.54RM 124.47RM 0.00RM 1,251.01RM 32,066.59
58August 1, 2030RM 32,066.59RM 1,130.76RM 120.25RM 0.00RM 1,251.01RM 30,935.83
59September 1, 2030RM 30,935.83RM 1,135.01RM 116.01RM 0.00RM 1,251.01RM 29,800.82
60October 1, 2030RM 29,800.82RM 1,139.26RM 111.75RM 0.00RM 1,251.01RM 28,661.56
61November 1, 2030RM 28,661.56RM 1,143.53RM 107.48RM 0.00RM 1,251.01RM 27,518.03
62December 1, 2030RM 27,518.03RM 1,147.82RM 103.19RM 0.00RM 1,251.01RM 26,370.21
63January 1, 2031RM 26,370.21RM 1,152.13RM 98.89RM 0.00RM 1,251.01RM 25,218.08
64February 1, 2031RM 25,218.08RM 1,156.45RM 94.57RM 0.00RM 1,251.01RM 24,061.63
65March 1, 2031RM 24,061.63RM 1,160.78RM 90.23RM 0.00RM 1,251.01RM 22,900.85
66April 1, 2031RM 22,900.85RM 1,165.14RM 85.88RM 0.00RM 1,251.01RM 21,735.72
67May 1, 2031RM 21,735.72RM 1,169.51RM 81.51RM 0.00RM 1,251.01RM 20,566.21
68June 1, 2031RM 20,566.21RM 1,173.89RM 77.12RM 0.00RM 1,251.01RM 19,392.32
69July 1, 2031RM 19,392.32RM 1,178.29RM 72.72RM 0.00RM 1,251.01RM 18,214.03
70August 1, 2031RM 18,214.03RM 1,182.71RM 68.30RM 0.00RM 1,251.01RM 17,031.31
71September 1, 2031RM 17,031.31RM 1,187.15RM 63.87RM 0.00RM 1,251.01RM 15,844.17
72October 1, 2031RM 15,844.17RM 1,191.60RM 59.42RM 0.00RM 1,251.01RM 14,652.57
73November 1, 2031RM 14,652.57RM 1,196.07RM 54.95RM 0.00RM 1,251.01RM 13,456.50
74December 1, 2031RM 13,456.50RM 1,200.55RM 50.46RM 0.00RM 1,251.01RM 12,255.95
75January 1, 2032RM 12,255.95RM 1,205.05RM 45.96RM 0.00RM 1,251.01RM 11,050.89
76February 1, 2032RM 11,050.89RM 1,209.57RM 41.44RM 0.00RM 1,251.01RM 9,841.32
77March 1, 2032RM 9,841.32RM 1,214.11RM 36.90RM 0.00RM 1,251.01RM 8,627.21
78April 1, 2032RM 8,627.21RM 1,218.66RM 32.35RM 0.00RM 1,251.01RM 7,408.55
79May 1, 2032RM 7,408.55RM 1,223.23RM 27.78RM 0.00RM 1,251.01RM 6,185.31
80June 1, 2032RM 6,185.31RM 1,227.82RM 23.19RM 0.00RM 1,251.01RM 4,957.49
81July 1, 2032RM 4,957.49RM 1,232.42RM 18.59RM 0.00RM 1,251.01RM 3,725.07
82August 1, 2032RM 3,725.07RM 1,237.05RM 13.97RM 0.00RM 1,251.01RM 2,488.03
83September 1, 2032RM 2,488.03RM 1,241.68RM 9.33RM 0.00RM 1,251.01RM 1,246.34
84October 1, 2032RM 1,246.34RM 1,246.34RM 4.67RM 0.00RM 1,251.01RM 0.00
Formula
MonthlyPayment = P * (r * (1 + r)^n) / ((1 + r)^n - 1)

P = total financed amount, r = monthly rate (APR / 12), n = total months

Loan Calculator Malaysia: Your Complete Guide to Malaysian Loan Calculations

Whether you're planning to buy a car, purchase a house, finance a motorcycle, or secure a personal loan in Malaysia, understanding your monthly payments and total loan costs is essential for making informed financial decisions. A loan calculator Malaysia is an invaluable tool that helps you estimate your monthly installments, total interest payments, and repayment schedules before committing to any loan agreement.

Malaysia's diverse financial landscape includes major banks like Maybank, Bank Rakyat, and numerous other financial institutions offering various loan products. From car loans for Proton and Perodua vehicles to house loans for properties listed on iProperty, Malaysian borrowers have access to a wide range of financing options. This comprehensive guide will help you understand how loan calculators work in Malaysia and how to use them effectively for different types of loans.

What Is a Loan Calculator Malaysia?

A loan calculator Malaysia is an online financial tool designed specifically for Malaysian borrowers. It calculates monthly loan payments, total interest costs, and repayment schedules based on Malaysian Ringgit (MYR) amounts, local interest rates, and typical loan terms used by Malaysian banks and financial institutions.

These calculators are particularly useful for comparing loan offers from different Malaysian banks, including Maybank loan calculator options, Bank Rakyat loan calculator tools, and other major financial institutions. Whether you're looking at a loan calculator Malaysia car for vehicle financing, a loan calculator Malaysia house for property purchases, or a loan calculator Malaysia motor for motorcycle loans, these tools provide accurate estimates tailored to the Malaysian market.

Types of Loans in Malaysia

Malaysian borrowers can access various types of loans, each with specific features and requirements:

  • Loan Calculator Malaysia Car: Car loans are among the most popular financing options in Malaysia. Whether you're purchasing a Proton, Perodua, or any other vehicle brand, a car loan calculator helps you estimate monthly payments, total interest, and repayment schedules. Typical car loan terms range from 36 to 84 months, with interest rates varying based on the bank, vehicle type, and your credit profile.
  • Loan Calculator Malaysia House: House loans, also known as housing loans or home loans, are long-term financing options typically ranging from 10 to 35 years. These loans are essential for purchasing residential properties, whether you're buying through iProperty listings or directly from developers. A house loan calculator helps you understand your monthly mortgage payments and total interest costs over the loan term.
  • Loan Calculator Malaysia Motor: Motor loans are designed for motorcycle and scooter financing. These loans typically have shorter terms than car loans, usually ranging from 24 to 60 months. A motor loan calculator helps you estimate payments for two-wheeled vehicle purchases.
  • Loan Calculator Malaysia Bike: Similar to motor loans, bike loans are specifically for bicycle purchases or smaller two-wheeled vehicles. These loans often have shorter terms and may have different interest rate structures compared to motorcycle loans.

Bank-Specific Loan Calculators in Malaysia

Many Malaysian banks offer their own loan calculators on their websites, customized to their specific loan products and current interest rates:

  • Loan Calculator Malaysia Maybank: Maybank, one of Malaysia's largest banks, provides comprehensive loan calculators for various loan types. A loan calculator Malaysia Maybank helps you estimate payments for Maybank's car loans, house loans, and personal loans. Maybank offers competitive rates and flexible terms, making their calculators useful for comparing their products with other banks.
  • Loan Calculator Malaysia Bank Rakyat: Bank Rakyat, Malaysia's largest Islamic cooperative bank, offers Shariah-compliant financing options. A loan calculator Malaysia Bank Rakyat helps you estimate payments for their Islamic financing products, which may have different structures compared to conventional loans.

Vehicle-Specific Loan Calculators

For Malaysian car buyers, brand-specific loan calculators can be particularly helpful:

  • Loan Calculator Malaysia Proton: Proton, Malaysia's national car manufacturer, offers various financing options through partner banks. A loan calculator Malaysia Proton helps you estimate monthly payments for Proton vehicles like the Saga, Persona, X70, and other models. These calculators account for Proton's promotional rates and financing packages.
  • Loan Calculator Malaysia Perodua: Perodua, Malaysia's second national car manufacturer, also provides financing options through various banks. A loan calculator Malaysia Perodua helps you estimate payments for popular models like the Myvi, Axia, Bezza, and Aruz. Perodua often offers competitive financing rates and flexible terms.

Property Loan Calculators

Loan Calculator Malaysia iProperty: For property buyers using iProperty, Malaysia's leading property portal, a house loan calculator is essential. iProperty listings often include property prices, and using a loan calculator Malaysia iProperty helps you determine if a property is affordable based on your budget. These calculators help you estimate monthly mortgage payments for properties listed on the platform.

How Loan Calculators Work in Malaysia

Malaysian loan calculators use the standard amortization formula, adapted for MYR amounts and local interest rate structures:

Monthly Payment = (P × r × (1 + r)^n) ÷ ((1 + r)^n - 1)

Where: P = principal (loan amount in MYR), r = monthly interest rate (annual rate ÷ 12), n = number of total payments (loan term in months)

This formula ensures that each payment is calculated to pay off both interest and principal in equal installments over the loan term. Malaysian banks typically use this calculation method for most conventional loans, while Islamic banks may use different structures for Shariah-compliant financing.

Key Features of Malaysian Loan Calculators

  1. Multiple Loan Types: A comprehensive loan calculator Malaysia supports various loan types including car loans, house loans, motor loans, bike loans, and personal loans. This versatility makes it a one-stop tool for all your financing needs.
  2. Down Payment Calculation: Malaysian loan calculators typically include down payment options, which are common in vehicle and property financing. You can input your down payment amount to see how it affects your monthly payments and total loan amount.
  3. Extra Payment Options: Many calculators allow you to see how extra payments—either monthly or one-time lump sums—can reduce your total interest paid and shorten your loan term. This feature is particularly useful for planning early loan settlement.
  4. Payment Schedule (Amortization Table): Detailed calculators provide a month-by-month breakdown showing how much of each payment goes toward principal versus interest. This helps you understand how your loan balance decreases over time.
  5. MYR Currency Formatting: Malaysian loan calculators display amounts in Malaysian Ringgit (MYR), making it easier to understand costs in local currency terms.

Benefits of Using a Loan Calculator Malaysia

  • Budget Planning: Calculate your monthly payment before applying to ensure it fits your budget and doesn't exceed your debt service ratio.
  • Compare Bank Offers: Use the calculator to compare loan offers from different banks like Maybank, Bank Rakyat, and others to find the most competitive rates.
  • Understand Total Cost: See not just your monthly payment, but the total amount you'll pay over the loan's lifetime, including all interest charges.
  • Plan Down Payments: Experiment with different down payment amounts to see how they affect your monthly payments and total loan cost.
  • Evaluate Extra Payments: See how making additional payments can save you money on interest and help you pay off your loan faster.
  • Vehicle-Specific Planning: For Proton and Perodua buyers, use the calculator to compare financing options and promotional rates.
  • Property Affordability: For iProperty listings, use the calculator to determine if a property is within your budget before viewing.

Example Calculations

Let's consider a few examples using a loan calculator Malaysia:

Car Loan Example: If you're purchasing a RM 100,000 car with a RM 10,000 down payment, financing RM 90,000 at 4.5% annual interest rate over 84 months (7 years), your monthly payment would be approximately RM 1,250. Over the loan term, you'd pay about RM 15,000 in interest, for a total repayment of RM 105,000.

House Loan Example: For a RM 500,000 house with a RM 50,000 down payment, financing RM 450,000 at 3.5% annual interest rate over 360 months (30 years), your monthly payment would be approximately RM 2,020. Over 30 years, you'd pay about RM 277,200 in interest, for a total repayment of RM 727,200.

Factors That Affect Your Malaysian Loan

  • Credit Score: Your credit score (CCRIS report) significantly impacts the interest rate you'll receive. Higher scores typically result in lower rates.
  • Loan Amount: Larger loans may have different interest rates than smaller ones, and some banks offer better rates for higher loan amounts.
  • Loan Term: Longer terms mean lower monthly payments but higher total interest costs. Shorter terms have higher monthly payments but lower total costs.
  • Down Payment: A larger down payment reduces your loan amount and may qualify you for better interest rates.
  • Bank: Different banks like Maybank, Bank Rakyat, and others offer varying rates and terms. Comparing options helps you find the best deal.
  • Vehicle Type: For car loans, interest rates may vary based on whether you're buying a Proton, Perodua, or other brand, and whether it's new or used.

How to Use a Loan Calculator Malaysia

  1. Select your loan type (car, house, motor, bike, or personal loan).
  2. Enter your desired loan amount in MYR.
  3. Input your down payment amount (if applicable).
  4. Enter the annual interest rate offered by your bank (or use an estimated rate if you're shopping around).
  5. Select your preferred loan term in months.
  6. Optionally, add extra payment amounts to see how they affect your loan.
  7. Review your monthly payment, total interest, and total repayment amount.
  8. Compare different scenarios by adjusting the inputs to find the best option for your situation.

Tips for Using Malaysian Loan Calculators Effectively

  • Use current interest rates from Malaysian banks when possible. Rates can change, so check with banks like Maybank, Bank Rakyat, and others for their latest offers.
  • Consider all costs, not just the monthly payment. A lower monthly payment might mean a longer term and higher total interest.
  • Use the down payment feature to see how different down payment amounts affect your loan.
  • Use the extra payment feature to see how making additional payments can save money and time.
  • Compare multiple loan offers using the calculator to find the most cost-effective option.
  • For Proton and Perodua buyers, check for promotional financing rates that may be available through the manufacturers or their partner banks.
  • For property buyers using iProperty, use the calculator to determine affordability before scheduling property viewings.
  • Consider your debt service ratio (DSR) when calculating loan affordability. Most Malaysian banks prefer a DSR below 70%.

Conclusion

A loan calculator Malaysia is an essential tool for anyone considering borrowing money in Malaysia. Whether you're looking at a loan calculator Malaysia car for vehicle financing, a loan calculator Malaysia house for property purchases, or comparing offers from Maybank, Bank Rakyat, and other banks, these calculators help you make informed financial decisions.

By understanding your monthly payments, total interest costs, and repayment schedules, you can choose the loan option that best fits your financial situation. The ability to calculate down payments, extra payments, and compare different loan scenarios makes Malaysian loan calculators invaluable for smart borrowing decisions.

Before committing to any loan in Malaysia, take the time to use a calculator to explore different options. This simple step can help you save thousands of ringgit in interest and find a loan that works best for your budget and financial goals, whether you're buying a Proton, Perodua, property from iProperty, or any other major purchase.