Hong Leong Home Loan Calculator
Estimate your monthly home loan repayments and total loan costs with the Hong Leong Home Loan Calculator.
function calculateHomeLoan() {
let loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
let interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100 / 12; // Monthly rate
let loanTenure = parseInt(document.getElementById(‘loanTenure’).value) * 12; // Months
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTenure) || loanAmount <= 0 || interestRate <= 0 || loanTenure <= 0) {
alert('Please enter valid values.');
return;
}
// Formula for monthly repayment
let monthlyRepayment = loanAmount * interestRate * Math.pow(1 + interestRate, loanTenure) / (Math.pow(1 + interestRate, loanTenure) – 1);
// Total repayment
let totalRepayment = monthlyRepayment * loanTenure;
// Display results
document.getElementById('monthlyRepayment').textContent = `Monthly Repayment: RM ${monthlyRepayment.toFixed(2)}`;
document.getElementById('totalRepayment').textContent = `Total Repayment: RM ${totalRepayment.toFixed(2)}`;
document.getElementById('loanResult').style.display = 'block';
}
