Home Loan Calculator Malaysia
Estimate your monthly home loan payment using reducing balance.
Typical range: 3.5% - 5%
Between 1 and 40 years
Monthly Payment
RM2,046.83
Property priceRM500,000.00
Down paymentRM50,000.00
Loan amountRM450,000.00
Total interestRM409,667.39
Total repaymentRM859,667.39
Monthly paymentRM2,046.83
Formula Breakdown
- Monthly rate = Annual rate / 12
- Number of payments = Years x 12
- Monthly payment = Principal x Monthly rate x (1 + Monthly rate)^N / ((1 + Monthly rate)^N - 1)
- Total repayment = Monthly payment x Number of payments
- Total interest = Total repayment - Principal
Assumptions
- Reducing balance (amortising) formula used
- No processing fees included
- No MRTA or insurance included
- Fixed interest rate for entire tenure
This calculator provides estimates only. KiraSmart is not financial advice. Please verify with official sources or professionals before making decisions. Read full disclaimer
Rates last reviewed: 2026-05-19 · Accuracy: user-editable