Loan Calculator Malaysia 2026

Most Malaysian banks offer personal loans from RM 5,000 up to RM 200,000, depending on your salary and credit score. Some banks like Maybank and CIMB offer up to RM 250,000 for high-income earners. Your maximum loan is typically capped at 8-10x your monthly salary, subject to DSR limits (usually 60-70%).

DSR (Debt Service Ratio) is the percentage of your gross monthly income that goes toward debt repayments. Most Malaysian banks require your DSR to be below 60-70%. For example, if you earn RM 5,000/month, your total monthly debt payments (including the new loan) should not exceed RM 3,000-3,500. A lower DSR improves your loan approval chances.

Refinancing can save you tens of thousands of ringgit over the loan tenure. If you refinance a RM 400,000 loan from 4.5% to 3.5%, you could save approximately RM 200/month or RM 72,000 over 30 years. However, factor in legal fees (RM 3,000-8,000), valuation fees, and lock-in period penalties before deciding.

As of 2025, the Base Rate (BR) for major Malaysian banks ranges from 2.72% to 3.15%, with the Standardized Base Rate (SBR) at 3.00%. The effective home loan interest rate typically ranges from 3.5% to 4.5% depending on the bank, loan amount, and your credit profile. Car loans (hire purchase) typically range from 2.5% to 4.0% flat rate.

It depends on the type of loan. Car loans in Malaysia use flat-rate interest (Rule of 78), so early settlement in the first few years yields significant savings. Housing loans use reducing balance, so extra payments directly reduce your principal and total interest. Use our early settlement calculators to see exactly how much you would save based on your remaining tenure.