Work out the monthly repayment on a Malaysian home loan, and see how much of it is interest. Enter the property price, how much you are putting down, the rate your bank has quoted and the tenure. Everything recalculates as you type.
RM 0
An estimate for planning. Your bank sets the actual rate, tenure and margin of finance after assessing your file.
How the calculation works
A Malaysian home loan is a standard amortising loan. Each month you pay a fixed amount that covers the interest accrued that month plus a slice of the principal. Early on, most of the payment is interest; late in the tenure, most of it is principal.
The formula behind the number above is the standard annuity payment:
M = P × [ r(1+r)n ] ÷ [ (1+r)n − 1 ]
where P is the loan amount, r is the monthly rate (annual rate divided by 12) and n is the number of monthly instalments.
What the calculator does not know
Your actual rate. Most Malaysian housing loans are variable, priced as a spread over the bank's Standardised Base Rate. When Bank Negara moves the OPR, your rate moves with it and the instalment is recalculated. The figure here assumes the rate you entered holds for the whole tenure, which it almost certainly will not.
Your margin of finance. The 90% default above is typical for a first or second property, but the bank decides after looking at your file. A third property is usually capped lower.
Everything that is not the loan. Stamp duty on the transfer and on the loan agreement, legal fees, valuation, and moving in. Those are separate from the monthly instalment and are paid up front.
Whether you will be approved. That comes down to your debt service ratio — total monthly commitments against income — not the instalment on its own.
Frequently asked questions
How much monthly income do I need for a home loan in Malaysia?
A common rule of thumb is that the instalment should not exceed about a third of gross monthly income, which is what the calculator shows. Banks assess it through the debt service ratio instead, counting every existing commitment — car loan, personal loan, credit card minimums, PTPTN — against your income, so an existing car loan can matter more than the size of the mortgage.
What is a typical home loan tenure in Malaysia?
Up to 35 years, or until age 70, whichever comes first. A longer tenure lowers the monthly instalment but raises the total interest paid substantially — change the tenure field above and watch the total interest line move.
How much down payment do I need?
Usually 10% for a first or second residential property, with the bank financing the rest. From the third onwards the margin of finance is generally lower, so the down payment is larger. Developers sometimes absorb part of the entry cost on new launches, which changes what you actually hand over at signing.
Does the interest rate stay the same for the whole loan?
Usually not. Most Malaysian housing loans are floating, priced as a spread over the bank's Standardised Base Rate, which moves with Bank Negara's OPR decisions. A fixed-rate home loan exists but is less common and typically prices higher at the start.
Is the monthly repayment the only cost of buying?
No. Stamp duty on the transfer, stamp duty on the loan agreement, legal fees on both documents, valuation and disbursements all sit outside the instalment and are paid around completion. Budget for them separately from the monthly figure.
Should I take the longest tenure available?
It depends on what you are optimising for. The longest tenure gives the lowest monthly commitment and the most breathing room in your debt service ratio, which can be the difference between approval and rejection. It also costs the most in total interest. Many buyers take the long tenure for approval, then pay extra into the principal when they can.