Understand your loan costs
See how the amount, repayment term and interest affect the repayment estimate.
Loan amount and net proceeds
The loan amount is the principal used in the calculation. If a provider deducts fees or charges, the net amount you receive may differ. Request a written breakdown of the principal, every deduction and the net proceeds before agreeing.
Term and total repayment
In this flat-rate example, a longer term spreads payments over more months and increases total interest. Compare the monthly instalment alongside the total amount repaid.
How the calculator works
Example interest = loan amount × 8% × months ÷ 12. Total repayment = loan amount + example interest. Monthly instalment = total repayment ÷ months. The calculator assumes RM0 in example fees and excludes late-payment charges.
Try your own calculationCalculation example · RM 5,000.00
| Term | Total interest | Total repayment | Monthly instalment |
|---|---|---|---|
| 12 months | RM 400.00 | RM 5,400.00 | RM 450.00 |
| 24 months | RM 800.00 | RM 5,800.00 | RM 241.67 |
| 60 months | RM 2,000.00 | RM 7,000.00 | RM 116.67 |
Check the rate and all fees
The calculator’s 8% rate is an example assumption. Check the actual rate, calculation method, timing of each fee and repayment schedule in the provider’s written offer. The final amounts may differ because of the provider’s terms, fees and rounding.
Read the estimate terms