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Home›Loan›Perodua Car Loan Calculator
🚗 Perodua Car Loan Calculator

Perodua Car Loan Calculator Malaysia 2026

Monthly instalment for Perodua Myvi, Axia, Bezza, Ativa, Alza. Hire purchase from 2.30% p.a. Select model & calculate instantly.

Calculate Your Monthly Instalment

= RM 2,200
0%10%50%
2.50%
1.5%2.50%5.0%
7 years
1 yr7 yrs9 yrs

Monthly Instalment

RM 276.96

per month for 7 years

Loan Amount

RM 19,800

Down Payment

RM 2,200 (10%)

Total Interest

RM 3,465

Total Payment

RM 23,265

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

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

ModelOTR PriceDown (10%)Monthly
Axia 1.0 E MTRM 22,000RM 2,200RM 292/mo
Bezza 1.0 G MTRM 34,580RM 3,458RM 459/mo
Myvi 1.3 G MTRM 46,500RM 4,650RM 617/mo
Ativa 1.0T X ATRM 62,500RM 6,250RM 829/mo
Alza 1.5 X ATRM 62,500RM 6,250RM 829/mo

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. EV/Hybrid models: 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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Perodua Car Loan FAQ — Malaysia

What is the monthly instalment for a Perodua Myvi?
For a Perodua Myvi 1.3 G MT at RM46,500 with 10% down (RM4,650), at 2.50% p.a. for 7 years, the monthly instalment is approximately RM617/month. The top-spec Myvi 1.5 AV at RM58,900 works out to about RM781/month on the same terms.
Is the Perodua Axia the cheapest car loan in Malaysia?
Yes — the Perodua Axia starting at RM22,000 is one of Malaysia's most affordable new cars. With 10% down (RM2,200) at 2.50% p.a. over 7 years, the monthly instalment starts from approximately RM292/month — making it very accessible for first-time car buyers.
Can I get a Perodua car loan with a RM2,000 salary?
With a RM2,000/month salary, banks typically allow up to 60–70% DSR. That means your total monthly loan commitments should not exceed RM1,200–RM1,400. A Perodua Axia at RM292–RM350/month is manageable if you have no other major loans.
What is the maximum tenure for a Perodua hire purchase?
Maximum tenure is 9 years (108 months) for a new Perodua car. Most buyers choose 5–7 years. Longer tenure reduces monthly payments but significantly increases total interest paid. For a RM46,500 Myvi at 2.50%: 5 years = RM829/mo, 7 years = RM617/mo, 9 years = RM503/mo.
Do I need a guarantor for a Perodua car loan?
A guarantor is typically required if your income is below RM2,000/month or your DSR is above 70%. Fresh graduates with less than 6 months of employment history also usually need a guarantor. Some banks waive the guarantor requirement for civil servants or those with clean CCRIS records.

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