Total interest / profit
RM 8,698.44
The cost of borrowing over the full tenure.
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Enter the amount, tenure and rate from your offer letter to see the monthly instalment, the total interest or profit, and the full payment schedule. The calculator also shows what the same percentage would cost on the other rate method — the comparison that decides whether two offers are really comparable.
Nothing about the market is assumed here. This calculator holds no rate; every figure comes from what you enter.
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The amount you are borrowing, before any upfront fees are deducted.
A longer tenure lowers the monthly instalment and raises the total interest.
Take this from your offer letter. Nothing is assumed — this calculator holds no rate of its own.
Malaysian personal loans are commonly quoted flat. Ask the bank which one the quoted rate is — the same number means two very different loans.
Everything is calculated in your browser. No loan details are sent or stored.
Monthly instalment
RM 978.31/ month
Reducing balance · 60 monthly payments
Total interest / profit
RM 8,698.44
The cost of borrowing over the full tenure.
Total repayment
RM 58,698.44
Principal plus interest or profit.
The same 6.5% quoted as flat rate
Monthly RM 1,104.17, total interest RM 16,250.00. A flat rate charges interest on the original amount for the whole tenure, while reducing balance charges it on what you still owe — so the same headline percentage costs more when it is flat.
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | RM 707.47 | RM 270.83 | RM 49,292.53 |
| 2 | RM 711.31 | RM 267.00 | RM 48,581.22 |
| 3 | RM 715.16 | RM 263.15 | RM 47,866.06 |
| 4 | RM 719.03 | RM 259.27 | RM 47,147.03 |
| 5 | RM 722.93 | RM 255.38 | RM 46,424.10 |
| 6 | RM 726.84 | RM 251.46 | RM 45,697.26 |
| 7 | RM 730.78 | RM 247.53 | RM 44,966.48 |
| 8 | RM 734.74 | RM 243.57 | RM 44,231.74 |
| 9 | RM 738.72 | RM 239.59 | RM 43,493.02 |
| 10 | RM 742.72 | RM 235.59 | RM 42,750.30 |
| 11 | RM 746.74 | RM 231.56 | RM 42,003.55 |
| 12 | RM 750.79 | RM 227.52 | RM 41,252.77 |
| 13 | RM 754.85 | RM 223.45 | RM 40,497.91 |
| 14 | RM 758.94 | RM 219.36 | RM 39,738.97 |
| 15 | RM 763.05 | RM 215.25 | RM 38,975.91 |
| 16 | RM 767.19 | RM 211.12 | RM 38,208.73 |
| 17 | RM 771.34 | RM 206.96 | RM 37,437.38 |
| 18 | RM 775.52 | RM 202.79 | RM 36,661.86 |
| 19 | RM 779.72 | RM 198.59 | RM 35,882.14 |
| 20 | RM 783.95 | RM 194.36 | RM 35,098.19 |
| 21 | RM 788.19 | RM 190.12 | RM 34,310.00 |
| 22 | RM 792.46 | RM 185.85 | RM 33,517.54 |
| 23 | RM 796.75 | RM 181.55 | RM 32,720.78 |
| 24 | RM 801.07 | RM 177.24 | RM 31,919.71 |
| 25 | RM 805.41 | RM 172.90 | RM 31,114.31 |
| 26 | RM 809.77 | RM 168.54 | RM 30,304.53 |
| 27 | RM 814.16 | RM 164.15 | RM 29,490.38 |
| 28 | RM 818.57 | RM 159.74 | RM 28,671.81 |
| 29 | RM 823.00 | RM 155.31 | RM 27,848.81 |
| 30 | RM 827.46 | RM 150.85 | RM 27,021.35 |
| 31 | RM 831.94 | RM 146.37 | RM 26,189.40 |
| 32 | RM 836.45 | RM 141.86 | RM 25,352.96 |
| 33 | RM 840.98 | RM 137.33 | RM 24,511.98 |
| 34 | RM 845.53 | RM 132.77 | RM 23,666.44 |
| 35 | RM 850.11 | RM 128.19 | RM 22,816.33 |
| 36 | RM 854.72 | RM 123.59 | RM 21,961.61 |
| 37 | RM 859.35 | RM 118.96 | RM 21,102.26 |
| 38 | RM 864.00 | RM 114.30 | RM 20,238.26 |
| 39 | RM 868.68 | RM 109.62 | RM 19,369.57 |
| 40 | RM 873.39 | RM 104.92 | RM 18,496.19 |
| 41 | RM 878.12 | RM 100.19 | RM 17,618.07 |
| 42 | RM 882.88 | RM 95.43 | RM 16,735.19 |
| 43 | RM 887.66 | RM 90.65 | RM 15,847.53 |
| 44 | RM 892.47 | RM 85.84 | RM 14,955.06 |
| 45 | RM 897.30 | RM 81.01 | RM 14,057.76 |
| 46 | RM 902.16 | RM 76.15 | RM 13,155.60 |
| 47 | RM 907.05 | RM 71.26 | RM 12,248.55 |
| 48 | RM 911.96 | RM 66.35 | RM 11,336.59 |
| 49 | RM 916.90 | RM 61.41 | RM 10,419.69 |
| 50 | RM 921.87 | RM 56.44 | RM 9,497.83 |
| 51 | RM 926.86 | RM 51.45 | RM 8,570.96 |
| 52 | RM 931.88 | RM 46.43 | RM 7,639.08 |
| 53 | RM 936.93 | RM 41.38 | RM 6,702.15 |
| 54 | RM 942.00 | RM 36.30 | RM 5,760.15 |
| 55 | RM 947.11 | RM 31.20 | RM 4,813.04 |
| 56 | RM 952.24 | RM 26.07 | RM 3,860.81 |
| 57 | RM 957.39 | RM 20.91 | RM 2,903.41 |
| 58 | RM 962.58 | RM 15.73 | RM 1,940.83 |
| 59 | RM 967.79 | RM 10.51 | RM 973.04 |
| 60 | RM 973.04 | RM 5.27 | RM 0.00 |
An estimate for planning only. Your actual instalment depends on the rate, fees, insurance or takaful and terms in your offer letter. To see what a quoted flat rate really costs once fees are included, use the effective interest rate calculator (Malay).
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 borrower supplies the amount, tenure, annual interest or profit rate and the rate method from their own offer letter; the engine only applies one of two standard instalment formulas to those inputs. Reducing balance uses the annuity formula M = P·r / (1 − (1+r)^−n) with r as the monthly rate; flat rate charges total interest of principal × annual rate × years and divides principal plus that interest across the tenure.
Key assumptions
Fees are excluded
Processing fees, stamp duty and any credit insurance or takaful are NOT included. They reduce the cash received without reducing the repayment, so the true cost is higher than this figure. Use /tools/pinjaman-peribadi/kalkulator-eir to fold them in.
Fixed rate for the whole tenure
The rate entered is applied unchanged for every month. A variable or stepped rate is not modelled.
Flat rate is not a lower cost at the same percentage
A flat rate charges interest on the original amount for the full tenure, so the same headline percentage costs more than on a reducing balance. The calculator shows both so the two are not mistaken for each other.
Early settlement is not modelled
Any rebate on early settlement is governed by the terms of the agreement, which differ by lender and by contract structure. This calculator assumes the schedule runs to term.
Output scope
An estimate for planning. Approval, the final rate and the final instalment are set by the lender.
The keyword this calculator ranks for covers more than one product. If you searched for a specific bank or a specific kind of loan, here is where that actually lives.
This calculator is not tied to any one lender. It holds no interest rate of its own — you always type in the amount, rate and tenure from your own offer letter or approval-in-principle, whichever bank issued it. That is deliberate: a bank’s personal loan rate depends on your income and credit profile, so no calculator can show a single “CIMB rate” or “Maybank rate” that applies to everyone. Enter what your bank actually quoted you above, on either the flat rate or reducing balance method, and the instalment shown is specific to your offer.
If you are comparing more than one bank’s quote side by side, the loan comparison calculator (Malay) is built for exactly that — enter two or more offers and see which one actually costs less once the rate method is the same basis.
A housing loan is a different calculation from a personal loan — the tenure runs much longer, and the affordability check usually starts from your monthly income and debt service ratio rather than a fixed amount you already know you want to borrow. For a Maybank, CIMB or any other bank’s home loan or mortgage, use the Kalkulator Loan Rumah Malaysia (Malay), which works from income and property price and includes the DSR check a housing loan is actually approved against.
An “ASB loan” (ASB financing) is not a personal loan — it is financing secured against your ASB units, and whether it is worth taking depends on an assumption about the fund’s future dividend against the financing rate, not just an amount, rate and tenure you choose freely. Using this calculator for an ASB financing decision will give you an instalment figure that ignores the dividend side entirely, so it cannot tell you whether the financing pays for itself. Use the Kalkulator ASB Loan / ASB Financing instead, and read Apa Itu ASB Loan? Maksud ASB Financing & Cara Kira (Malay) first if you are still deciding whether ASB financing is the right move at all.
For a vehicle hire-purchase loan — down payment, trade-in value, and the choice between the reducing-balance EIR method that new hire-purchase agreements now use and the flat-rate method still running on older contracts — use the dedicated Car Loan Calculator Malaysia instead of this one. It is built around the inputs a car loan actually asks for, and it covers both methods since the Hire Purchase (Amendment) Act 2026 changed which one applies to a new agreement.
It depends on which of two methods the lender uses. On a flat rate, interest is charged on the original amount for the whole tenure, so the total interest is simply the amount borrowed multiplied by the rate and the number of years, and the instalment is the principal plus that interest divided by the number of months. On a reducing balance, interest is charged only on what you still owe, so it falls a little every month and the instalment is derived from the standard annuity formula. Enter your figures above and the calculator shows both.
They are different ways of charging, not different numbers. The same headline percentage costs noticeably more on a flat rate, because you keep paying interest on money you have already repaid. Malaysian personal loans are commonly advertised flat while housing loans are almost always reducing balance, which is why the two look comparable in an advertisement and are not. Ask the lender which basis the quoted rate uses before comparing two offers.
No. It computes the instalment on the amount, rate, tenure and method you enter, and nothing else. Upfront fees, stamp duty and any credit insurance or takaful reduce the cash you actually receive without reducing what you repay, so they raise the true cost above the quoted rate. To fold those in, use the effective interest rate calculator, which works from the loan cash flows.
Yes, for the instalment arithmetic. Under a fixed-rate Islamic personal financing facility the monthly payment is computed the same way; the profit rate takes the place of the interest rate and the contract structure differs. The distinction that matters for the payment schedule is still flat versus reducing balance, which is the choice above.
That is set by the lender from your income, your existing commitments and your debt service ratio, not by the instalment alone. A comfortable instalment does not by itself mean the loan will be approved. Check the debt service ratio separately before applying.
On a reducing balance it usually does, because anything above the scheduled instalment goes against the outstanding principal and less interest accrues from that point on. On a flat rate the total interest was fixed at the outset, so paying early may not save the full amount and any rebate is governed by the terms of the agreement. Check the early settlement clause in your offer letter before committing to extra payments.
An affordable instalment is not the same as an affordable loan. Check the true cost once fees are included, and check that the commitment fits your income, before comparing offers on the headline rate alone.
Everything above computes the instalment the same way no matter who is lending the money. But if your loan is not from a bank — it’s from a licensed moneylender — the maths is identical and the paperwork law is not. Money lent under a moneylending agreement in Malaysia is governed by a separate law, the Moneylenders Act 1951 (Act 400), and that Act gives the borrower specific, checkable protections a bank facility doesn’t need to spell out the same way. None of this changes the numbers this calculator prints; it changes whether the agreement behind those numbers can actually be enforced.
According to Sections 15, 16(1) and 27 of the Moneylenders Act 1951 [Act 400] — the Attorney General’s Chambers’ online text of the Act, as at 1 October 2017, accessed 19 August 2026 — three separate things can each make a moneylending agreement fail, and each one is something a borrower can check for themselves before signing:
These three checks answer a narrower question than the debt service ratio calculator or the affordability points in the “Before you sign” section above — they don’t tell you whether you can afford the instalment, only whether the agreement you’d be signing is one a court would actually enforce. Run both checks before committing: affordability from the numbers, enforceability from the paperwork.
If you’re already carrying a moneylender loan alongside other debt and the combined instalments feel unmanageable, see how CCRIS and CTOS reports differ before applying anywhere else, and compare the debt consolidation route or an AKPK DMP against debt consolidation if repayment is already stretched. The debt consolidation calculator works from the same instalment logic as the calculator above.
Estimate note: the fine and imprisonment figures above are statutory ceilings on what a court may impose on an offending licensee, not a promise of what any court will impose — for general reference only, not legal advice.