This Public Bank Car Loan Calculator helps you estimate your monthly car loan payment based on your loan amount, interest rate, and loan tenure. Input your desired values and calculate your estimated monthly payment.

How It Works

Using this calculator, you can easily calculate your car loan monthly payments by entering the loan amount, interest rate, and loan tenure. The formula is based on the standard loan amortization schedule.

Formula

Monthly Payment = Loan Amount × (Interest Rate / 12) / (1 – (1 + Interest Rate / 12)^-Loan Tenure)

Example

If you borrow RM50,000 with a 3.5% annual interest rate over 5 years, your estimated monthly payment would be calculated as shown above.