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🚗 Honda Car Loan Calculator

Honda Car Loan Calculator Malaysia 2026

Calculate monthly hire purchase instalment for Honda City, Civic, HR-V, CR-V. Rates from 2.30% p.a. Honda e:HEV green rates from 1.75%.

Calculate Your Monthly Instalment

= RM 8,490
0%10%50%
2.50%
1.5%2.50%5.0%
7 years
1 yr7 yrs9 yrs

Monthly Instalment

RM 1,068.83

per month for 7 years

Loan Amount

RM 76,410

Down Payment

RM 8,490 (10%)

Total Interest

RM 13,372

Total Payment

RM 89,782

Approx. EIR

~4.63% p.a.

Based on hire purchase flat rate. Actual rate subject to bank approval, credit score, and age of car.

Popular Honda Models — Monthly Instalment at 2.50%, 10% Down, 7 Years

Pre-calculated estimates. Use the calculator above to customise.

ModelOTR PriceDown (10%)Monthly
City 1.5 S CVTRM 84,900RM 8,490RM 1,126/mo
City Hatchback e:HEVRM 111,900RM 11,190RM 1,484/mo
HR-V 1.5 S CVTRM 104,800RM 10,480RM 1,390/mo
HR-V e:HEVRM 135,800RM 13,580RM 1,801/mo
Civic 1.5 TC-PRM 133,900RM 13,390RM 1,776/mo
CR-V e:HEV RSRM 195,900RM 19,590RM 2,598/mo

Honda e:HEV hybrid models may qualify for green financing rates from 1.75% p.a. at Maybank.

Car Loan Interest Rates 2026 — Major Banks

BankNew Car RateUsed Car RateMax Tenure
Maybankfrom 2.30%from 2.70%9 years
CIMBfrom 2.55%from 3.20%9 years
Public Bankfrom 2.50%from 3.00%9 years
RHBfrom 2.60%from 3.18%9 years
Hong Leongfrom 2.55%from 3.25%9 years
AmBankfrom 2.50%from 3.10%9 years

Rates subject to Bank Negara OPR and individual credit profile. Honda e:HEV hybrid models may qualify for green rates from 1.75% (Maybank).

What is Effective Interest Rate (EIR)?

Banks quote hire purchase rates as a flat rate — calculated on the full original loan regardless of the reducing balance. The EIR (Effective Interest Rate) reflects the true cost of borrowing. Estimate: EIR ≈ flat rate × 1.85. Example: flat rate 2.50% p.a. ≈ EIR ~4.63% p.a. Always compare EIR across banks for an accurate cost comparison.

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Honda Car Loan FAQ — Malaysia

What is the monthly instalment for a Honda City in Malaysia?
Honda City 1.5 S CVT at RM84,900 with 10% down at 2.50% p.a. over 7 years = approximately RM1,126/month. The top-spec City 1.5 RS at RM104,900 works out to about RM1,391/month. The City Hatchback e:HEV hybrid at RM111,900 may qualify for lower green financing rates.
Honda HR-V vs Honda City — which is more affordable to finance?
Honda City starts from RM84,900 vs HR-V from RM104,800. Monthly difference at 7 years: City ~RM1,126/mo vs HR-V ~RM1,390/mo — a RM264/month difference. If budget is tight, the City is the more comfortable choice for monthly cash flow.
Do Honda e:HEV hybrid cars get lower loan rates?
Honda's e:HEV hybrid models (City Hatchback RS e:HEV, HR-V RS e:HEV, Civic e:HEV, CR-V e:HEV) may qualify for Maybank's green financing rate from 1.75% p.a. — vs 2.30% for conventional cars. At 1.75% over 7 years, a CR-V e:HEV saves about RM4,200 in interest vs standard rate.
What is the monthly instalment for a Honda CR-V 2026?
Honda CR-V 2026 prices from RM178,200 (1.5 TC AWD) to RM195,900 (e:HEV RS AWD). At 10% down, 2.50% p.a., 7 years: CR-V 1.5 TC AWD = RM2,364/month, CR-V e:HEV RS = RM2,598/month. The e:HEV qualifies for green rates — at 1.75%, the CR-V e:HEV drops to ~RM2,353/month.
Can I afford a Honda Civic with a RM5,000 salary?
With RM5,000/month at 60% DSR (max debt = RM3,000), a Honda Civic at RM1,776/month is manageable if you have no other major loans. Add a car insurance estimate of RM200–300/month and petrol RM200–400/month — total car cost ~RM2,200–RM2,500. Still within budget for a clean CCRIS profile.

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