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🚗 Proton Car Loan Calculator

Proton Car Loan Calculator Malaysia 2026

Calculate your monthly instalment for Proton Saga, X50, X70, S70. Hire purchase rates from 2.30% p.a. Instant results.

Calculate Your Monthly Instalment

Select Proton Model

Car Price (RM)

Down Payment (%)= RM 3,899

0%10%50%

Interest Rate (% p.a.)2.50%

1.5%2.50%5.0%

Loan Tenure (years)7 years

1 yr7 yrs9 yrs

Monthly Instalment

RM 490.86

per month for 7 years

Loan Amount

RM 35,091

Down Payment

RM 3,899 (10%)

Total Interest

RM 6,141

Total Payment

RM 41,232

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

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

Model	OTR Price	Down (10%)	Monthly
Proton Saga Standard	RM 38,990	RM 3,899	RM 518/mo
Proton S70 Executive	RM 68,800	RM 6,880	RM 912/mo
Proton X50 Standard	RM 85,300	RM 8,530	RM 1,130/mo
Proton X70 Standard	RM 99,800	RM 9,980	RM 1,323/mo

Car Loan Interest Rates 2026 — Major Banks

Bank	New Car Rate	Used Car Rate	Max Tenure
Maybank	from 2.30%	from 2.70%	9 years
CIMB	from 2.55%	from 3.20%	9 years
Public Bank	from 2.50%	from 3.00%	9 years
RHB	from 2.60%	from 3.18%	9 years
Hong Leong	from 2.55%	from 3.25%	9 years
AmBank	from 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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Proton Car Loan FAQ — Malaysia

What is the monthly instalment for a Proton Saga?

For a Proton Saga priced at RM38,990 with 10% down payment (RM3,899), at 2.50% p.a. for 7 years, the monthly instalment is approximately RM518. With a 9-year tenure, it drops to RM420/month. Actual rate depends on your bank and credit profile.

What is the minimum down payment for a Proton car loan?

The minimum down payment for a new Proton car is 10% of the OTR price. For a Proton Saga at RM38,990, that's RM3,899 minimum. For used cars (≤5 years old), minimum down payment is 10%; for older used cars, banks may require 20–30%.

Which bank offers the best Proton car loan rate in Malaysia?

Maybank offers rates from 2.30% p.a. for new cars, making it among the lowest for Proton hire purchase. CIMB, Public Bank, and AmBank typically offer 2.50–2.55% for new cars. The actual rate offered to you depends on your credit score, income, and existing debt commitments (DSR).

How long can I take a Proton car loan?

The maximum tenure for a car hire purchase loan in Malaysia is 9 years (108 months). Most buyers choose 7 years for a balance between monthly instalment and total interest paid. Longer tenure = lower monthly payment but higher total interest.

What documents are needed for a Proton car loan?

Typically: MyKad (IC), last 3 months payslip or EA form, last 3 months bank statement, employment letter (for new employees), and the car sale agreement/booking receipt. Self-employed applicants need 6 months bank statements and business registration.

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