Personal loan calculator Malaysia
Work out your monthly instalment, total repayable and effective annual rate at 4.88% flat, check what you can afford, and compare two plans side by side.
Flat rate and effective annual rate
Interest = loan amount × flat rate × years, and the total is spread evenly across your months. Because you repay principal every month, you owe less over time, so the effective annual rate on a reducing balance is higher than the flat rate. Compare loans using the effective rate.
Rates & feesHow the numbers are worked out
The same three steps apply to every plan. Here they are for RM 10,000 over 60 months.
1Interest
RM 10,000 × 4.88% × 5 years
= RM 2,440.00
2Total repayable
RM 10,000 + RM 2,440.00
= RM 12,440.00
3Monthly instalment
RM 12,440.00 ÷ 60 months
= RM 207.33
Estimate your instalment
Monthly instalment
RM 207.33
Range: RM 1,000 – RM 1,000,000
Tenure60 months
- Total repayable
- RM 12,440.00
- Flat interest rate (a year)
- 4.88%
- Effective annual rate (reducing balance)
- 8.95%
The calculator does not collect your personal details
We make unsecured loans only. No collateral or guarantor is needed.
For reference only. Your actual amount, fees and repayment terms depend on assessment and are set out in the agreement before you sign.
How much can you borrow without strain?
Enter what reaches your bank each month and what you already repay. The page works out an instalment you could live with, then shows the plans that fit. Nothing you type leaves your browser.
- Repayments now
- 30%
- With a new instalment
- 40%
- Left for living
- 60%
A comfortable new instalment is up to
RM 400.00
Many lenders look for total repayments under about 40% of take-home pay. It is a rule of thumb for you, not our approval test; we assess every application individually.
Read the four-step guidePlans that fit
For each amount, the shortest tenure that stays under RM 400.00 a month. Shorter means less interest in total.
- Ask on WhatsApp
RM 5,000
24 months · RM 228.67 a month
- Ask on WhatsApp
RM 10,000
36 months · RM 318.44 a month
Two plans, side by side
Not sure between two amounts or tenures? Set them up and see the difference in one line.
Plan A
RM 318.44
A month
- Total interest
- RM 1,464.00
- Total to repay
- RM 11,464.00
- Effective annual rate
- 9.10%
Plan B
RM 207.33
A month
- Total interest
- RM 2,440.00
- Total to repay
- RM 12,440.00
- Effective annual rate
- 8.95%
Plan B costs RM 111.11 a month less and RM 976.00 more interest in total.
Shorter or longer tenure?
The same RM 10,000, repaid over 3 years or 7 years.
- 3 years
- RM 318.44
- Monthly instalment
- RM 1,464.00
- Total interest
- 7 years
- RM 159.71
- Monthly instalment
- RM 3,416.00
- Total interest
Spreading the loan over 7 years lowers the instalment by RM 158.73 a month but adds RM 1,952.00 in interest.
Using your result
- Add this instalment to your other monthly repayments and compare the total with your monthly income.
- Leave room for bills, savings and the unexpected. If the instalment feels tight, try a smaller amount.
- The figure is an estimate. Your actual offer follows assessment and lists every fee.