Home Building Loan Calculator Malaysia
Estimate your home building loan repayment in Malaysia
function calculateHomeLoan() {
const loanAmount = parseFloat(document.getElementById(‘loanAmount’).value);
const interestRate = parseFloat(document.getElementById(‘interestRate’).value) / 100 / 12;
const loanTerm = parseFloat(document.getElementById(‘loanTerm’).value) * 12;
if (isNaN(loanAmount) || isNaN(interestRate) || isNaN(loanTerm) || loanAmount <= 0 || interestRate <= 0 || loanTerm <= 0) {
alert("Please enter valid values for all fields.");
return;
}
const monthlyRepayment = loanAmount * interestRate / (1 – Math.pow(1 + interestRate, -loanTerm));
document.getElementById('monthlyRepayment').value = monthlyRepayment.toFixed(2);
}