Personal Loan Calculator Malaysia
Calculate your monthly payments and total interest for personal loans in Malaysia. Compare different loan amounts, interest rates, and tenures instantly.
Loan Calculator
RM
RM 1,000RM 500,000
%
2%20%
years
1 years10 years
Your Loan Summary
Monthly Payment
RM 0.00
per month × 60 months
Principal AmountRM 50,000
Total InterestRM 0.00
Total PaymentRM 0.00
How This Calculator Works
This personal loan calculator uses the reducing balance method, which is the most common calculation method used by Malaysian banks. The monthly payment is calculated using the formula for an amortizing loan, where you pay both principal and interest each month.
- •Uses reducing balance calculation method
- •Assumes fixed interest rate throughout tenure
- •Does not include processing fees or insurance
- •Results are estimates - actual rates may vary by bank
Tips to Get Better Loan Rates
Improve Your Credit Score
A credit score above 700 can get you 1-2% lower interest rates
Compare Multiple Banks
Interest rates can vary by 2-4% between banks
Shorter Tenure = Less Interest
Opt for the shortest tenure you can afford to minimize total interest
Negotiate with Your Bank
If you have a good relationship with your bank, you may get better rates
Ready to Apply for a Personal Loan?
Get approved in 24 hours with competitive interest rates starting from 3.5% per annum.
Apply Now