Personal Loan Calculator Malaysia:
Calculate Loan Repayments
Use this free loan repayment calculator to estimate your monthly installments for a personal loan.
Calculate your monthly loan installments
Simulate your monthly loan repayments in Malaysia using our personal loan calculator.
Input the loan amount, loan interest rate and loan period to help plan your installments.
Disclaimer : This loan calculator provides estimated results for informational purposes only.
The figures shown are approximate and do not constitute a loan offer or financial advice.
Total Interest Charges
RM 36,000
Total Monthly Installment Amount
RM 5,667
Total Repayment Amount
RM 136,000
For your first contract, the loan amount is up to 0.5 times your monthly income (not exceeding RM10,000).
And the loan tenure is 6 months fixed.
ACOM (M) One-Time Payment Fees
Disclaimer: ACOM(M) will not request any upfront payment or
additional fees from customers,except for Stamping &
Attestation fees as permitted under the Moneylenders Act 1951.
(inclusive of 8% SST)
HOW TO USE?
Please click “Calculate” after making any changes to refresh the results.
*Please note that this is for reference only. The
maximum interest rate for unsecured personal
loans in Malaysia is 18% per annum (p.a.).
STAMP DUTY
Stamp duty is RM5 for every RM1,000 of the approved loan amount.
Please see below for an illustration.
Attestation fee
RM10 (inclusive of 8% SST).
The fee is fixed per document.
Stamp Duty
Calculated based on the formula stated above
How Does Loan Repayment Work?
A loan repayment has three parts:
• Principal (Loan Amount):
This is the total amount of money you borrow. If you borrow RM 15,000, that is your principal. A higher principal means a higher monthly repayment.
• Interest Rate:
This is the cost of your borrowings, expressed as a percentage per annum (p.a.). In Malaysia, interest rates for personal loans are typically at a flat rate. This means the interest rate is calculated on the original loan amount called the principal. Rates can vary, depending on your income, credit score, loan amount and tenure you choose.
• Loan Tenure:
This is the repayment period, usually stated in months or years, in which the loan needs to be paid back. A longer tenure may make the loan more affordable each month, but it also means you will end up paying more interest.
How to Calculate Interest Rate?
According to Section 17A of the Moneylenders Act 1951 in Malaysia, the maximum interest rate for unsecured personal loans (loans without collaterals) cannot exceed 18% per annum.
Actual interest rates offered by licensed loan providers will vary based on individual credit score, income stability, existing debt ratio and other lender requirements.
How to Calculate Monthly Loan Installment?
Most personal loans in Malaysia apply a flat interest rate structure. By using a flat rate, calculations are simpler. Interest is applied to the original principal which applies for the full term.
The calculator estimates repayment amounts using standard loan calculation principles based on:
- • Principal (Loan amount)
- • Interest rate (per annum)
- • Loan tenure
This allows users to simulate repayment scenarios and understand how changes in tenure or interest rates influence total repayment.
This is the common formula for calculating interest on a loan or monthly instalment amount:
Total Interest Charged
= Principal × Interest Rate (max 18% p.a.)
Monthly Installment
= (Principal + Total Interest) ÷ Total Number of Months
Example scenario:
What Is a Personal Loan Calculator?
A personal loan calculator is a tool to help you estimate your monthly installment amount in an easier way. By changing the key inputs on our free personal loan calculator above, users can see how loan options affect affordability and long-term commitments.
Please note that ACOM(M) provides this personal loan calculator for educational and planning purposes only. It does not represent actual loan offers or approved rates by ACOM(M).
Why Use a Personal Loan Calculator?
Using a personal loan calculator helps users:
• Understand repayment commitments before applying:
By adjusting the different inputs and variables making up the component of a personal loan, you can estimate the commitment you will need to make each month, within the different arrangement you may be considering.
• Compare different loan tenures:
Using a personal loan calculator will enable you to compare the effect of the different loan tenure. You will then be better able to decide the duration of your loan you are comfortable with. A longer tenure typically means a lower monthly commitment but will incur higher overall interest; while a shorter tenure will typically reduce the overall interest but increase the monthly commitment.
• Evaluate affordability more confidently:
Once you know how much you will need to commit monthly to repay off the personal loan, you should be more confident in assessing your financial situation and decide what best fits your needs.
• Avoid unnecessary financial strain:
By planning and setting aside the sum of money needed to meet the monthly commitment once a loan has been taken, unnecessary financial strain and stress can be better managed.
This is especially helpful for individuals at an early research stage who want clarity before considering or applying with any loan provider.
Conclusion
Taking a personal loan can help if you face money problems from unexpected large expenses or urgent costs.
Before committing to any financing, you may want to set realistic financial expectations. This includes estimating the monthly loan repayments you will need to make in the coming months. A personal loan calculator is one tool that will help you make informed decisions.
At ACOM(M), we believe that good financial decisions start with clear and accessible information. As such, we prepared this personal loan calculator for our users.
It is a neutral, easy-to-use reference tool. It helps you explore different loan scenarios. By changing the principal (loan amount), interest rate, and repayment term, users can estimate the commitment for each scenario.
Important Disclaimer
This calculator provides estimates for reference only. Actual loan terms, interest rates, fees, and approval outcomes may differ based on individual credit profiles and lender requirements.
Results shown do not reflect specific ACOM(M) product terms. For more information on ACOM(M) services, please visit:
