Max Property

Housing loan calculator

Estimate your monthly instalment, down payment and total interest. The results update as you type.

RM

The share of the price that the bank finances.

A longer tenure lowers the instalment but increases the total interest.

Enter your bank's rate. 4.5% is only an example.

Your estimate

Estimated monthly instalment

RM 456.02

360 monthly payments

Loan amount
RM 90,000.00
Down payment
RM 10,000.00
Total interest
RM 74,167.20
Total repayment
RM 164,167.20

Where your money goes

Loan amount 55%Interest 45%
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This calculator gives an estimate only. Actual amounts depend on your bank's terms and are subject to bank approval.

Estimated monthly instalmentRM 456.02

How this is calculated

  • Reducing-balance method: interest is charged every month on the loan still outstanding, not on the original amount.
  • Monthly instalment = L × r ÷ (1 − (1 + r)^−n), where L is the loan amount, r is the yearly rate ÷ 12, and n is the number of months.
  • The interest rate is assumed to stay the same for the whole tenure. Real bank rates can change over time.
  • Legal fees, stamp duty, insurance and other charges are not included.
  • The instalment is rounded to the nearest sen. Total repayment is the instalment multiplied by the number of months.