Loan calculator

Loan calculator

Loan Calculator Malaysia Housing

Loan Calculator Malaysia Housing

Housing Loan Calculator Malaysia

Calculate your monthly housing loan repayment based on loan amount, interest rate, and loan tenure.

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

Not calculated yet.

This housing loan calculator helps you estimate your monthly repayment for a housing loan in Malaysia based on the loan amount, interest rate, and loan tenure.

Loan Repayment Formula

Monthly Repayment = Loan Amount × Monthly Interest Rate × (1 + Monthly Interest Rate) ^ Loan Tenure / ((1 + Monthly Interest Rate) ^ Loan Tenure – 1)

Example Calculation

Loan amount of RM250,000, interest rate of 3.5%, and tenure of 30 years → Monthly Repayment = RM1,123.50.

Why It Matters

Knowing your monthly repayment allows you to plan your finances better and choose a loan that fits your budget.

Smart Strategy

Consider paying a higher deposit or opting for a shorter tenure to reduce your overall loan cost.

FAQs

How is the monthly repayment calculated? It’s based on the loan amount, interest rate, and loan tenure.

Can I change the loan tenure later? Yes, but it may affect your interest rate and monthly repayments.

Loan Calculator Malaysia

function calculateLoanRepayment() { const loanAmount = parseFloat(document.getElementById(“loanAmount”).value); const interestRate = parseFloat(document.getElementById(“interestRate”).value) / 100 / 12; const loanTenure = parseInt(document.getElementById(“loanTenure”).value) * 12; if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTenure) || loanAmount <= 0 || interestRate <= 0 || loanTenure <= 0) { alert("Please enter valid positive values for all fields."); return; } const monthlyRepayment = (loanAmount * interestRate * Math.pow(1 + interestRate, loanTenure)) / (Math.pow(1 + interestRate, loanTenure) – 1); document.getElementById("monthlyRepayment").value = monthlyRepayment.toFixed(2); document.getElementById("calculationSteps").innerHTML = `Inputs:
Loan Amount: RM${loanAmount.toFixed(2)}
Interest Rate: ${interestRate * 12 * 100}%
Loan Tenure: ${loanTenure / 12} years

Formula:
Monthly Repayment = Loan Amount × Monthly Interest Rate × (1 + Monthly Interest Rate) ^ Loan Tenure / ((1 + Monthly Interest Rate) ^ Loan Tenure – 1)

Result:
Monthly Repayment: RM${monthlyRepayment.toFixed(2)}`; document.getElementById(“calculationSteps”).style.display = “block”; } function resetLoanCalculator() { document.querySelectorAll(“#loan_calculator input”).forEach(el => el.value = “”); document.getElementById(“calculationSteps”).style.display = “none”; } function toggleCalculationSteps() { const steps = document.getElementById(“calculationSteps”); const arrow = document.getElementById(“toggleArrow”); if (steps.style.display === “none” || steps.style.display === “”) { steps.style.display = “block”; arrow.style.transform = “rotate(180deg)”; } else { steps.style.display = “none”; arrow.style.transform = “rotate(0deg)”; } }

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