Home Loan Calculator

Home Loan Calculator

Please enter the following home loan information

Home Loan Calculator
Home Loan Calculation Results (loan amortization)

Home Loan Repayment Schedule (monthly)

Number of installmentsOutstanding Principal (RM)Principal Component (RM)Interest Component (RM)Repayment (RM)
"Home Loan Calculator" Supplementary Information

What is "Home Loan Calculator"?

The "Home Loan Calculator" is used to calculate monthly home loan repayments, total home loan interest expenses, home loan charts, and more without the need for MS Excel (spreadsheet).

Congratulations! The fact that you came to use the "Home Loan Calculator" means that you are preparing to buy a house! Unless you can pay the full amount at once, you will need a bank or financial institution. There are many banks or financial institutions that provide home loans and mortgage in the market, and no matter what kind of loan, the most important thing is the annual interest rate. How can you calculate the monthly repayment amount for a home loan based on the annual interest rate? There will be a detailed explanation below.

Home Loan Calculations Based on Annual Interest Rate

The formula for calculating home loan based on the annual interest rate is as follows:

Home Loan Calculation Formula(Base on Annual Interest Rate)

  • A represents the monthly repayment amount (or Equated Monthly Installment [EMI for short])
  • P represents the home loan amount (how much money you borrowed)
  • r represents the annual interest rate of the home loan (%) divided by 12, as there are twelve months in a year
  • n represents the number of repayment months

If I borrowed a home loan of RM5,000,000 from a bank with an annual interest rate of 2.5% and a repayment period of 20 years, then my monthly repayment amount would be:

Home Loan calculation example
Home Loan calculation example

Rule of 78

Home Loan borrowers should be careful not to assume that the principal amount repaid each month is the same! Regardless of whether the bank/financial institution uses the "straight-line method" or the "Rule of 78", the proportion of interest paid is higher at the beginning of the repayment. Therefore, if you choose to repay early, you need to pay attention to the remaining principal and any early repayment fees that may be incurred.
I will explain what the "Rule of 78" means.

The "Rule of 78" is derived as follows:

It is named after using a 12-month repayment period. How does 78 come about? Let's see follows:

Rule of 78

That's it, the total interest for the entire period is divided into 78 parts. In the first month, you pay 12/78 of the interest, in the second month, you pay 11/78 of the interest, and so on. Therefore, the proportion of interest to principal in the monthly repayments is not consistent, with more interest paid at the beginning and less interest paid later.


If you borrow a home loan for period of 20 years:

Rule of 78

Similarly, the total interest for a 20-years home loan will be divided into 28920 parts. In the first month, you pay 240/28920 of the interest, in the second month, you pay 239/28920 of the interest, and so on.

The calculation results from the "Home Loan Calculator" are for reference only. Before borrowing, you must first consult the relevant banks or financial institutions for accurate information!

Credit score rating in Malaysia

Credit score rating is very important when you borrow money, it is because if your credit score rating is too low, you may not be able to borrow money! For more information about credit score rating, please visit the below website:
Your Credit Score Rating - Plans & Tips

List of banks in Malaysia

No. Bank Name Bank website
1 Affin Bank Berhad Affin Bank
2 Alliance Bank Malaysia Berhad Alliance Bank
3 AmBank (M) Berhad AmBank
4 BNP Paribas Malaysia Berhad BNP Paribas Malaysia
5 Bangkok Bank Berhad Bangkok Bank
6 Bank of America Malaysia Berhad Bank of America Malaysia
7 Bank of China (Malaysia) Berhad Bank of China Malaysia
8 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad MUFG Bank Malaysia
9 CIMB Bank Berhad CIMB Bank
10 Citibank Berhad Citibank
11 Deutsche Bank (Malaysia) Berhad Deutsche Bank Malaysia
12 HSBC Bank Malaysia Berhad HSBC Malaysia
13 Hong Leong Bank Berhad Hong Leong Bank
14 India International Bank (Malaysia) Berhad India International Bank
15 Industrial and Commercial Bank of China (Malaysia) Berhad ICBC Malaysia
16 J.P. Morgan Chase Bank Berhad J.P. Morgan Malaysia
17 Malayan Banking Berhad Maybank
18 Mizuho Bank (Malaysia) Berhad Mizuho Bank Malaysia
19 National Bank of Abu Dhabi Malaysia Berhad NBAD Malaysia
20 OCBC Bank (Malaysia) Berhad OCBC Malaysia
21 Public Bank Berhad Public Bank
22 RHB Bank Berhad RHB Bank
23 Standard Chartered Bank Malaysia Berhad Standard Chartered Malaysia
24 Sumitomo Mitsui Banking Corporation Malaysia Berhad SMBC Malaysia
25 The Bank of Nova Scotia Berhad Scotiabank Malaysia
26 The Royal Bank of Scotland Berhad Royal Bank of Scotland
27 United Overseas Bank (Malaysia) Bhd. UOB Malaysia
28 Affin Islamic Bank Berhad Affin Islamic Bank
29 Al Rajhi Banking & Investment Corporation (Malaysia) Berhad Al Rajhi Bank Malaysia
30 Alliance Islamic Bank Berhad Alliance Islamic Bank
31 AmBank Islamic Berhad AmBank Islamic
32 Asian Finance Bank Berhad Asian Finance Bank
33 Bank Islam Malaysia Berhad Bank Islam
34 Bank Muamalat Malaysia Berhad Bank Muamalat
35 CIMB Islamic Bank Berhad CIMB Islamic
36 HSBC Amanah Malaysia Berhad HSBC Amanah
37 Hong Leong Islamic Bank Berhad Hong Leong Islamic Bank
38 Kuwait Finance House (Malaysia) Berhad Kuwait Finance House
39 Maybank Islamic Berhad Maybank Islamic
40 OCBC Al-Amin Bank Berhad OCBC Al-Amin Bank
41 Public Islamic Bank Berhad Public Islamic Bank
42 RHB Islamic Bank Berhad RHB Islamic Bank
43 Standard Chartered Saadiq Berhad Standard Chartered Saadiq
44 Affin Hwang Investment Bank Berhad Affin Hwang Investment Bank
45 Alliance Investment Bank Berhad Alliance Investment Bank
46 AmInvestment Bank Berhad AmInvestment Bank
47 CIMB Investment Bank Berhad CIMB Investment Bank
48 Hong Leong Investment Bank Berhad Hong Leong Investment Bank
49 KAF Investment Bank Berhad KAF Investment Bank
50 Kenanga Investment Bank Berhad Kenanga Investment Bank
51 MIMB Investment Bank Berhad MIMB Investment Bank
52 Maybank Investment Bank Berhad Maybank Investment Bank
53 Public Investment Bank Berhad Public Investment Bank
54 RHB Investment Bank Berhad RHB Investment Bank
55 Al Rajhi Banking & Investment Corporation Al Rajhi Bank
56 Deutsche Bank Aktiengesellschaft Deutsche Bank
57 PT Bank Muamalat Indonesia, Tbk Bank Muamalat Indonesia
Source: List of Onshore Banks in Malaysia - Bank Negara Malaysia

This "Home Loan Calculator" allows you to easily calculate home loan details. If you find this "Home Loan Calculator" useful, please feel free to share! Thank you! Other loan calculators in Malaysia: