Loan calculator
See every ringgit before you borrow
Pick a loan, an amount and a period. We show the monthly instalment, what you repay in total, the one-off stamp duty and the effective annual rate — the number that lets you compare offers fairly.
- Flat rate from, a year
- 4.90%
- Longest period
- 108 months
Repayment period
Flat interest rate
18.00% p.a.
Our rates for this loan range from 4.90% to 18.00% a year. The final rate depends on your assessment.
Your loan, itemised
Monthly instalment
RM 566.67
Final instalment: RM 566.59
| Where your money goes | RM |
|---|---|
| Amount you receive | RM 10,000.00 |
| Interest | RM 3,600.00 |
| Stamp duty | RM 50.00 |
- Amount you receive
- RM 10,000.00
- Total interest · Flat rate 18.00%
- RM 3,600.00
- Total you repay
- RM 13,600.00
- Stamp duty (once, to LHDN)
- RM 50.00
Effective annual rate
Flat interest is charged on the original amount for the whole loan, even as you pay it down. The effective rate shows the true yearly cost, so it is always higher than the flat rate.
31.46%
Estimate only. Your actual rate and instalment are confirmed after assessment and written in your Schedule J agreement. Borrow only what you can repay.
| Instalment | Still owed |
|---|---|
| 1 | RM 13,033.33 |
| 2 | RM 12,466.66 |
| 3 | RM 11,899.99 |
| 4 | RM 11,333.32 |
| 5 | RM 10,766.65 |
| 6 | RM 10,199.98 |
| 7 | RM 9,633.31 |
| 8 | RM 9,066.64 |
| 9 | RM 8,499.97 |
| 10 | RM 7,933.30 |
| 11 | RM 7,366.63 |
| 12 | RM 6,799.96 |
| 13 | RM 6,233.29 |
| 14 | RM 5,666.62 |
| 15 | RM 5,099.95 |
| 16 | RM 4,533.28 |
| 17 | RM 3,966.61 |
| 18 | RM 3,399.94 |
| 19 | RM 2,833.27 |
| 20 | RM 2,266.60 |
| 21 | RM 1,699.93 |
| 22 | RM 1,133.26 |
| 23 | RM 566.59 |
| 24 | RM 0.00 |
Flat rate vs effective annual rate
The effective rate stays far above the flat rate at every loan period.
| Loan period (months) | Flat rate | Effective annual rate |
|---|---|---|
| 6 | 4.90% | 8.35% |
| 12 | 4.90% | 8.92% |
| 24 | 4.90% | 9.14% |
| 36 | 4.90% | 9.13% |
| 48 | 4.90% | 9.07% |
| 60 | 4.90% | 8.98% |
| 72 | 4.90% | 8.89% |
| 84 | 4.90% | 8.80% |
| 96 | 4.90% | 8.71% |
| 108 | 4.90% | 8.62% |
Flat rate vs effective rate
A 12% flat rate on RM10,000 over 24 months costs RM2,400 in interest. Because you repay part of the loan every month, the effective annual rate on that loan is about 21.6%. Always compare effective rates between lenders.
What stamp duty is
Loan agreements in Malaysia are stamped with LHDN at 0.5% of the loan amount. On RM10,000 that is RM50, paid once when you sign. It is a government duty, not our fee.
Why we show the highest rate
Until we assess your income and commitments we can't promise a lower rate. Showing the top of the range means your real offer can only be the same or cheaper.