New monthly instalment
RM 469.60
Over 7 years on a flat rate.
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Enter the debts you have and the consolidation loan you have been offered. The calculator shows the new monthly instalment against what you pay today, and the total you would repay against what those debts would cost if you left them alone.
Those two answers often disagree. A longer tenure lowers the monthly payment and raises the total — so an offer can be a genuine relief for your cashflow and still be the more expensive path. The calculator reports both rather than collapsing them into one verdict you cannot check.
Nothing about the market is assumed here. This calculator holds no rate; every figure comes from what you enter.
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One row per debt, taken off your latest statements. The rate and the minimum payment both matter — a low minimum on a high rate is what makes a balance sit still for years.
Normally the total of the balances above.
A longer tenure is what makes the monthly payment fall — and the total rise.
Interest is charged on the original amount for the whole tenure.
From the offer letter. This calculator holds no rate of its own.
Charges that do not reduce what you repay.
Everything is calculated in your browser. No balance, rate or statement figure is sent anywhere or stored.
Verdict on these figures
This is risky. The monthly payment may look lower while the debt becomes more expensive or lasts much longer. It only works if you stop using the credit card limits you have just cleared.
New monthly instalment
RM 469.60
Over 7 years on a flat rate.
What you pay now, monthly
RM 950.00
The sum of the minimum payments above.
Monthly breathing room
RM 480.40
Freed up each month by consolidating — only real if you stop using the cleared limits.
Extra you would repay in total
RM 10,939.51
New loan total, fees included, against the estimated cost of paying the current debts off as they stand.
The monthly instalment is lighter, but the longer tenure or the charges on the new loan make the total repayment more expensive.
Credit card
Clears in 2 years
RM 8,000.00 balance · RM 1,582.61 interest at this payment
Personal loan
Clears in 4y 3m
RM 15,000.00 balance · RM 2,723.88 interest at this payment
Buy now, pay later
Clears in 6 months
RM 1,200.00 balance · RM 0.00 interest at this payment
Important note
This calculation is an estimate for education and early planning only. Actual results can differ according to your inputs, current policies, official documents, contracts, rates, charges and the methods used by the relevant provider. Check with the official authority or institution before making a financial decision.
A loan estimate is not a bank approval. Banks and financial institutions may use different assessment methods, rates, charges, documents and credit policies.
Reference basis
No rate, fee or eligibility figure is embedded. The user supplies each existing debt's balance, annual rate and minimum payment, and the consolidation offer's amount, tenure, rate, rate method and upfront charges. The engine simulates each current debt to payoff at the minimum entered, prices the new loan on the method chosen, and reports the monthly change and the total change as two separate answers.
Key assumptions
The two answers are reported separately, by design
A longer tenure lowers the monthly instalment and raises the total repaid. The calculator never collapses those into a single saving figure, because for most consolidation offers they point in opposite directions.
Current debts are simulated at the minimum payment entered
The comparison assumes you keep paying exactly the minimum on each existing debt. Anyone paying above the minimum will clear those debts sooner and more cheaply than shown, which makes consolidation look better here than it is.
A debt that does not amortise is reported, not estimated
Where the minimum payment does not cover the first month of interest, the engine refuses to report a payoff period rather than returning a very large number. The total-cost comparison is then withheld too.
Fees do not reduce what you repay
Upfront fees, stamp duty and credit takaful are added to the total cost of the new loan and are not netted off the principal, because they reduce the cash received without reducing the repayment.
Reusing the cleared limits is not modelled
The single most common way consolidation fails is that the credit cards are cleared and then used again. No arithmetic can capture that; the verdict copy says so instead.
Output scope
An estimate for planning. Approval, the final rate and the final instalment are set by the lender. This is not AKPK's Debt Management Programme, which restructures with existing creditors rather than refinancing.
Official / related sources
AKPK • Verified 10 Ogos 2026
BNM
You take one new loan large enough to settle several existing debts — typically credit cards, a personal loan and any buy-now-pay-later balances — and from then on you repay a single instalment instead of several. Nothing is forgiven. The debt is moved, not reduced, so whether it helps depends entirely on the rate and the tenure of the new loan compared with what you are paying now.
No, and this is the trap the calculator is built to expose. Stretching the same balance over a longer tenure lowers the monthly instalment while raising the total you repay, so an offer can feel like relief and still cost more. Enter your figures above: the calculator reports the monthly change and the total change separately, because they frequently point in opposite directions.
No. A consolidation loan is a commercial product you apply for from a bank or a licensed lender, and you owe that lender. Agensi Kaunseling dan Pengurusan Kredit (AKPK), set up by Bank Negara Malaysia, runs a Debt Management Programme that restructures what you already owe with your existing creditors, with free counselling. They are different routes with different consequences for your credit record. Read the comparison guide before assuming one is a version of the other.
Applying for any new facility is visible to lenders through CCRIS, which Bank Negara Malaysia operates, and through the credit reporting agencies registered under the Credit Reporting Agencies Act 2010. Settling a card in full and closing it changes what is reported; entering AKPK’s programme is also recorded. None of this is hidden from a future lender, so treat consolidation as a decision about the next few years, not a reset.
For each existing debt: the outstanding balance, the annual interest or profit rate, and the minimum monthly payment. All three appear on a statement. For the offer: the amount, the tenure, the rate, whether that rate is flat or on a reducing balance, and any upfront fees, stamp duty or credit takaful. Fees matter because they do not reduce what you repay.
Clearing the cards and then using them again. The consolidation loan is still owed in full, and the card balances rebuild on top of it, so the household ends up with more debt than it started with and a longer commitment. If the cards are not going to be closed or frozen, the honest answer is that consolidation is unlikely to help.
A consolidation loan is one of three routes, and the cheapest one is not always a loan. Check whether the commitment fits your income at all, and read what AKPK's programme does differently, before signing anything.