Are these loan calculators free?

Yes. All calculators on Loan Malaysia are free to use with no registration or lead collection.

How accurate are the calculator results?

Our calculators use the same formulas as Malaysian banks. Results are estimates — actual offers may vary based on your credit profile, income, and the bank's current terms.

Do you rank banks by rate?

No. We show rates from source-checked bank documents and let you compare using your own figures. We are independent and don't earn commissions on applications.

EIR (Effective Interest Rate) is the true annual cost of borrowing, accounting for how interest compounds. For flat-rate loans (car and personal), the EIR is typically 1.8–2× the quoted flat rate.

Independent Malaysian borrowing tools

Free Loan Calculators Malaysia: Compare Personal, Home & Car Loan Rates

See the monthly amount, the full repayment, and where each number came from — before you choose a loan. Our calculators work with your own figures and show the total cost, not just the headline rate.

Work out a repayment

Choose your next decision

Useful before persuasive.

Estimate affordability

Start with your budget, then test a home price, car price, or personal loan amount. Our calculators show the monthly payment, total interest, and total cost — so you know the full picture before you walk into a bank.

Check a loan type

Every loan type has different rate structures — flat rates for car and personal loans, reducing balance for home loans. Our calculators explain the rate basis and show the effective cost.

Understand credit and repayment trouble

A clean CCRIS record and manageable DSR improve your approval odds. If you've missed a payment, know the next steps before the late fees pile up.

Browse the available tools and information

Personal loans in Malaysia — Compare rates from 10+ banks
Home loans in Malaysia — Compare floating and fixed rates
Car loans in Malaysia — Compare flat rates and EIR
All English calculators — Free loan calculators
Comparison source indexes — Bank rate comparisons
Bank profiles — Source-checked bank information
Borrowing guides — Practical guides and checklists
Direktori Bahasa Malaysia — Bahasa Malaysia content

Why use our calculators

Every number needs a trail.

Calculator examples are not offers. We use the same formulas that banks use — reducing-balance amortisation for home loans, flat-rate calculation for car and personal loans — and show the effective interest rate (EIR) alongside the headline rate.

Rate basis shown: Every calculator displays whether it uses flat rate or reducing balance, and converts to EIR where relevant.
Source-backed: Bank rates link to current Product Disclosure Sheets and PDS documents.
Editable inputs: Change the rate, tenure, or down payment to see how each variable affects your monthly payment.
No lead collection: Your calculator values stay in the browser. No forms, no emails, no phone calls.
Independent: We don't earn commissions on applications. Our only goal is to show you the true cost.

Read our comparison methodology

How we compare loans in Malaysia

We compare loans using the figures that matter most to borrowers: the monthly payment, the total interest paid, and the total amount repaid over the full tenure. We apply the same inputs to every bank so the comparison is fair.

Interest rate: Flat rate for car and personal loans; reducing balance for home loans. We always show the EIR alongside the headline rate.
Fees: Processing fees, stamp duty, early-settlement charges, and lock-in penalties.
Tenure: Maximum available tenure and how it affects monthly payment and total cost.
Eligibility: Minimum income, age limits, and employment requirements.

Current loan rates in Malaysia (October 2026)

Personal loan rates from major banks start from 3.78% p.a. (GXBank FlexiCredit, private sector) and 3.06% p.a. (MBSB, government servants). Home loan rates from 2.88% p.a. (Maybank Islamic HouzKEY). Car loan rates from 2.35% p.a. (BSN, Bank Islam).

See all bank rates

Rates are indicative and subject to change. Check each bank's current Product Disclosure Sheet before applying.

Frequently asked questions

Are these loan calculators free?: Yes. All calculators on Loan Malaysia are free to use with no registration or lead collection.
How accurate are the calculator results?: Our calculators use the same formulas as Malaysian banks. Results are estimates — actual offers may vary based on your credit profile, income, and the bank's current terms.
Do you rank banks by rate?: No. We show rates from source-checked bank documents and let you compare using your own figures. We are independent and don't earn commissions on applications.
What is EIR?: EIR (Effective Interest Rate) is the true annual cost of borrowing, accounting for how interest compounds. For flat-rate loans (car and personal), the EIR is typically 1.8–2× the quoted flat rate.

Authoritative sources

Trust the source.

Our calculators and guides are backed by official Malaysian financial institutions and credit reference agencies.

Bank Negara Malaysia — OPR decisions and DSR guidelines
CTOS — Credit reporting
CCRIS — Bank Negara's credit reference system
AKPK — Debt management and financial education
Credit Guarantee Corporation — HCGS and SME financing