House Loan Eligibility Calculator Malaysia

House Loan Eligibility Calculator

Estimate your eligibility for a home loan based on your income and liabilities.

Monthly Income (RM) Monthly Liabilities (RM) Loan Tenure (Years) Interest Rate (%) Estimated Loan Amount (RM)

This house loan eligibility calculator helps you determine the amount you can borrow for your home loan based on your income, liabilities, and loan parameters.

Eligibility Formula

Loan Eligibility Amount = (Monthly Income – Monthly Liabilities) × 12 × Loan Tenure × Eligibility Factor

Example Calculation

If your monthly income is RM 5000, monthly liabilities are RM 1500, loan tenure is 30 years, and interest rate is 3.5%, the estimated loan eligibility would be calculated as per the formula above.

function calculateLoanEligibility(){ const income = parseFloat(document.getElementById(“monthlyIncome”).value); const liabilities = parseFloat(document.getElementById(“monthlyLiabilities”).value); const tenure = parseInt(document.getElementById(“loanTenure”).value); const interest = parseFloat(document.getElementById(“interestRate”).value); if(isNaN(income) || isNaN(liabilities) || isNaN(tenure) || isNaN(interest) || income <= 0 || liabilities el.value = “”); document.getElementById(“loanAmount”).value = “”; }