Editable planning tool
Home loan estimate
Change the illustrative values. Nothing you enter is sent or stored; measurement records only the tool name and formula version.
Results will appear here after calculation.
Formula and assumptions
Formula ID: reducing-balance-loan@1.1.0
Calculations use unrounded intermediate values. Ringgit and percentage outputs are rounded to two decimal places; break-even months are rounded up. A displayed monthly amount multiplied by tenure may therefore differ slightly from the displayed total.
- Payments are monthly and equal.
- The nominal annual rate is divided by 12.
- Fees, insurance, taxes and rate changes are excluded.
- Inputs support tenures up to 600 months, annual rates up to 100%, and ringgit amounts to sen precision.
- Displayed Malaysian ringgit values are rounded to two decimal places.
Answer first
Free home loan calculator for Malaysia. Estimate your monthly repayment, total interest, and total cost. Compare scenarios with different rates, tenures, and down payments.
How to decide
The calculator uses M = P×r×(1+r)^n ÷ ((1+r)^n−1), where r is the annual rate divided by 12 and n is the number of monthly payments.
A practical process
Enter principal, annual rate and tenure in months (35 years = 420 months). Use a positive principal and whole-month tenure; the annual rate may be zero. Calculations use unrounded intermediate values and displayed ringgit is rounded to two decimals.
Limits and next step
Excludes fees, insurance, late charges and future rate changes. Check the linked primary source and its captured date before making a commitment.
Malaysian worked example
Show the working
Inputs
- P = RM450,000
- annual rate = 4%
- n = 420
Calculation
- r = 0.04 ÷ 12
- M = RM1,992.4863 before display rounding
- interest = unrounded M × 420 − RM450,000
Illustrative resultEstimated monthly payment is RM1,992.49 and total interest is RM386,844.26 if the input rate remains unchanged.
Excludes fees, insurance, late charges and future rate changes.
Sources
- Source checked on 2026-09-14MaybankUpdate required
- Source checked on 2026-09-14Bank Negara MalaysiaUpdate required
Update required means this source has passed its internal freshness window. Product-specific commercial claims remain suppressed until the source is checked again.