Home Loan Calculator Malaysia

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

This home loan calculator allows you to calculate your monthly mortgage payment and the total repayment amount based on your loan amount, interest rate, and loan term.

Formula

Monthly Payment = P * r * (1 + r)^n / ((1 + r)^n – 1)
Where:
P = Loan Amount, r = Monthly Interest Rate, n = Number of Payments

Example Calculation

Loan Amount: RM300,000, Interest Rate: 4.5%, Loan Term: 30 years → Monthly Payment: RM1,520.06, Total Repayment: RM548,622.17.

Why It Matters

This calculator helps you understand how the loan amount, interest rate, and loan term will affect your monthly payment and the total amount repaid over the life of the loan.

Smart Strategy

Ensure that your monthly payment fits comfortably within your budget. Consider making extra payments to reduce the total repayment amount.

function calculateHomeLoan() { 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 = “”); }