Personal Loan Calculator Malaysia
Estimate your monthly personal loan payment and total interest using reducing balance.
Total amount borrowed
Typical range: 5% – 15% per annum
Common tenures: 12, 24, 36, 48, 60, 84 months
Monthly Payment
RM626.73
Loan amountRM20,000.00
Annual interest rateRM8.00
Tenure (months)RM36.00
Monthly paymentRM626.73
Total interestRM2,562.18
Total repaymentRM22,562.18
Formula Breakdown
- Monthly rate = Annual rate / 12
- Number of payments = Tenure in months
- Monthly payment = Loan amount × Monthly rate × (1 + Monthly rate)^N / ((1 + Monthly rate)^N − 1)
- Total repayment = Monthly payment × Number of payments
- Total interest = Total repayment − Loan amount
Assumptions
- Reducing balance (amortising) formula used
- No processing fees 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: 2026-05-20 · Accuracy: user-editable