Editable planning tool

Personal loan estimate

Change the illustrative values. Nothing you enter is sent or stored; measurement records only the tool name and formula version.

Rate basis: nominal annual reducing-balance rate, divided into monthly periods. Do not enter a flat, profit or effective rate as though it were the same basis.

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

Enter the amount, tenure and the rate basis stated in a current product disclosure. The result must show monthly payment, total scheduled repayment, financing cost and every assumption. Flat-rate and reducing-balance inputs are not interchangeable; do not paste a headline flat rate into an amortising formula. Compare matched amounts and tenures, then add mandatory charges from the disclosure. Use the result as a budget test, not an offer or approval prediction.

Malaysian example

For RM20,000 over five years, a displayed RM430 payment means RM25,800 across 60 payments and RM5,800 above principal before separately disclosed charges.

Next steps

Important

Educational information only. This content is not financial, legal, tax, insurance or Shariah advice and does not predict approval.