Car loan calculator
Estimate the monthly instalment of a hire-purchase car loan from the price, down payment, flat rate and tenure.Kira anggaran ansuran bulanan pinjaman kereta anda.
Result
RM 778a month
- Loan RM 54,000 over 84 months
- Interest RM 11,340
- Total repaid RM 65,340
How it's worked out
Car loans in Malaysia are usually hire-purchase loans with a flat interest rate: interest is charged on the full loan amount for every year of the tenure, then the total is split into equal monthly instalments.
- Loan = car price − down payment.
- Interest = loan × flat rate × years.
- Monthly instalment = (loan + interest) ÷ months.
Insurance, road tax, fees and any add-ons are not included. Compare the Product Disclosure Sheet from at least two banks. See the car loan guide.
General information, not financial advice. Check with your bank before you sign.