Personal Loan Calculator Malaysia: Plan Your Loan

Why Use a Loan Calculator?

• Know exact monthly payment before applying
• Compare different loan scenarios
• Understand total interest cost
• Plan your budget accurately
• Avoid borrowing more than you can afford

How to Use the Loan Calculator

1. Enter Loan Amount: RM 1,000 - RM 100,000
2. Select Interest Rate: Use estimated rate or enter specific offer
3. Choose Tenure: 1-7 years repayment period
4. View Results: Monthly payment, total interest, total repayment

Understanding Your Results

Monthly Payment

This is your fixed monthly installment. Ensure it doesn't exceed 40% of your monthly income.

Total Interest

Total interest paid over the loan tenure. Lower rates and shorter tenures reduce this amount.

Total Repayment

Loan principal + total interest. This is the actual amount you'll pay back.

Example Calculations

Scenario 1: RM 30,000 at 6% for 3 years

• Monthly Payment: RM 913
• Total Interest: RM 2,868
• Total Repayment: RM 32,868

Scenario 2: RM 50,000 at 8% for 5 years

• Monthly Payment: RM 1,013
• Total Interest: RM 10,780
• Total Repayment: RM 60,780

Tips to Reduce Your Repayment

• Negotiate for lower interest rate
• Choose shorter loan tenure if affordable
• Make extra payments when possible
• Refinance if you find better rates