CIMB Personal Loan Calculator Malaysia

CIMB Personal Loan Calculator

Loan Amount (MYR) Annual Interest Rate (%) Loan Term (Years) Monthly Payment (MYR) Total Repayment (MYR)

function calculateLoan(){ const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const loanTerm = parseInt(document.getElementById(“loanTerm”).value) * 12; if(isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm el.value = “”); }

This CIMB Personal Loan Calculator allows you to calculate your monthly repayment amount and total repayment over the loan term, based on the loan amount, interest rate, and loan term that you enter.

Why Use This Calculator?

Understanding your loan repayment obligations is essential for financial planning. With this calculator, you can easily determine how much you need to pay monthly and the total amount you will repay over the life of the loan.

Example Calculation

If you borrow MYR 50,000 at an interest rate of 5.5% for 5 years, your monthly repayment will be approximately MYR 950, and the total repayment will be MYR 57,000.

How It Works

The calculator uses the formula for a standard loan amortization, where the loan amount, interest rate, and loan term are used to calculate monthly payments and total repayments.

Tips for Loan Planning

Consider your financial capacity and choose a loan amount and term that suits your budget. The lower the monthly payment, the longer the loan term, and the higher the total interest paid.

Cimb Personal Loan Calculator Malaysia

CIMB Personal Loan Calculator Malaysia