Calculate Loan Repayment
Enter loan amount, annual interest rate and loan tenure.
This calculator uses a standard reducing balance installment formula. Actual bank repayment may vary depending on loan type, fees, insurance, flat rate method, effective rate and bank approval terms.
Your loan result
Estimated monthly installment
Based on loan amount, interest rate and tenure.
How Loan Repayment Is Calculated
A loan calculator helps estimate monthly repayment based on loan amount, interest rate and loan tenure. It is useful for comparing different loan options before applying for personal loans, car loans or housing loans.
Installment
Estimated monthly repayment amount.
Total Interest
Estimated interest paid over the loan period.
Repayment
Principal plus estimated total interest.
Loan Period
Longer tenure usually lowers monthly payment but increases total interest.
Loan Repayment Example
If you borrow RM100,000 at 4% annual interest for 10 years, the calculator estimates monthly installment, total repayment and total interest using a reducing balance formula.
| Loan Amount | Rate | Tenure | Estimated Monthly Installment |
|---|---|---|---|
| RM50,000 | 4% | 5 years | RM920.83 |
| RM100,000 | 4% | 10 years | RM1,012.45 |
| RM300,000 | 4.5% | 30 years | RM1,520.06 |
Note: Car loans in Malaysia may use flat rate calculations, while housing loans often use reducing balance methods. Always confirm with your bank.
What This Loan Calculator Shows
This calculator helps estimate monthly installment, total repayment, total interest, repayment months and annual repayment amount. It is useful for comparing different loan amounts, rates and tenures.
Who Should Use This Loan Calculator?
- Borrowers estimating monthly loan installment
- Home buyers comparing housing loan repayment
- Car buyers checking rough repayment affordability
- Personal loan applicants comparing tenure options
- Anyone planning cash flow before applying for financing
Frequently Asked Questions
Is this loan calculator exact?
No. This calculator provides an estimate only. Actual bank installment may vary depending on bank terms, fees, insurance, loan structure and approval conditions.
Can I use this for car loans?
Yes, it can provide a general estimate, but actual car loan calculations in Malaysia may use flat interest methods instead of reducing balance methods.
Can I use this for housing loans?
Yes. This calculator can estimate housing loan repayments using a reducing balance formula.
What affects monthly installment?
Loan amount, interest rate and loan tenure are the main factors affecting monthly installment.
Does longer tenure reduce monthly installment?
Usually yes, but longer tenure can increase total interest paid over the full loan period.
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