Financing calculator
Estimate your monthly repayment
Adjust the financing amount and repayment term to view an estimate based on a fixed rate of 18% per annum.
Understand the results
Three figures to review
Do not assess financing by the monthly payment alone. Review the full commitment.
01
Monthly payment
The estimated amount to budget each month throughout the repayment term.
02
Total interest
The total interest cost based on the amount, annual rate and selected term.
03
Total repayment
The financing principal plus all interest payable.
Term comparison
Same amount, different terms
Example: RM20,000 at a flat interest rate of 18% per annum.
TEMPOH | JUMLAH FAEDAH | JUMLAH BAYAR BALIK | ANGGARAN BULANAN |
|---|---|---|---|
12 Bulan | RM3,600 | RM23,600 | RM1,966.67 |
24 Bulan | RM7,200 | RM27,200 | RM1,133.33 |
36 Bulan | RM10,800 | RM30,800 | RM855.56 |
60 Bulan | RM18,000 | RM38,000 | RM633.33 |
A longer term may reduce the monthly payment but increase total interest.
How it is calculated
Flat-rate formula
Total Interest = Financing Amount × 18% × Term (years)
Total repayment is the financing amount plus total interest. The monthly payment is the total repayment divided by the number of months.
01
Choose only the amount needed
Avoid choosing a higher amount simply because it is available in the calculator.
02
Compare several terms
A shorter term increases the monthly payment but reduces total interest.
03
Assess actual affordability
Ambil kira komitmen semasa dan perbelanjaan penting sebelum membuat keputusan.