Refinance Housing Loan Calculator Malaysia 2026
Calculate how much you can save by refinancing your home loan
📋Your Current Loan
Current Monthly Payment
RM 1,979.87
🏦New Refinance Loan
Include Cash Out
Withdraw equity from your property
💰Refinancing Costs
Zero Entry Cost Package
Some banks like CIMB offer zero upfront costs
Your Monthly Savings
RM 405
Save RM 4,856 per year
Loan Comparison
| Current | Refinance | Savings | |
|---|---|---|---|
| Monthly Payment | RM 1,980 | RM 1,575 | +RM 405 |
| Interest Rate | 5.00% | 3.95% | -1.05% |
| Loan Tenure | 20 years | 25 years | - |
| Total Interest | RM 175,168 | RM 172,572 | +RM 2,596 |
| Total Repayment | RM 475,168 | RM 472,572 | +RM 2,596 |
Break-even Analysis
Recommendation
Refinancing is RECOMMENDED! You'll start saving after 13 months.
Jimat RM 405/bulan - Kunci kadar anda sekarang!
- ✓ Bandingkan kadar dari 15+ bank
- ✓ Konsultasi percuma, tanpa komitmen
- ✓ Proses kelulusan dalam 24 jam
✓ 245 pemilik rumah telah semak kelayakan refinancing bulan ini
⏰ Kadar OPR dijangka naik - kunci kadar rendah anda sekarang
Cost Breakdown
Looking for Cash Out Refinance?
Learn how to unlock your property equity for renovation, investment, or debt consolidation.
Read Cash Out GuideLatest Refinance Interest Rates in Malaysia 2026
| Bank | Effective Rate | Notes |
|---|---|---|
| Best Promo Rate | 2.85% p.a. | Zero entry cost packages |
| Bank Islam | 3.80% p.a. | Baiti Home Financing-i (Islamic) |
| Standard Chartered | 3.88% p.a. | Promo rate |
| CIMB | 3.95% p.a. | Zero Moving Cost |
| HSBC | 4.00% p.a. | HomeSmart |
| LPPSA | 4.00% p.a. | Government servants only |
| Alliance Bank | 4.05% p.a. | |
| RHB | 4.10% p.a. | My1 Home Loan |
| Public Bank | 4.15% p.a. | 5HOME Plan |
| Hong Leong | 4.20% p.a. | |
| AmBank | 4.25% p.a. | |
| Maybank | 4.30% p.a. | Maxi Home |
* Rates are indicative and subject to change. OPR as of January 2026: 2.75%
What is Home Loan Refinancing?
Refinancing means replacing your existing home loan with a new loan from another bank (or the same bank) with better terms. The main goal is to get a lower interest rate and reduce your monthly payments.
In Malaysia, homeowners typically refinance when:
- Market interest rates have dropped significantly
- Their lock-in period has ended
- They want to consolidate debts
- They need cash out from their property equity
When Should You Refinance Your Home Loan?
1. Rate difference of 0.5% or more
Your current rate is at least 0.5% higher than available market rates
2. Lock-in period has ended
Avoid early settlement penalties of 2-3%
3. Break-even within 3 years
Your savings should cover refinancing costs within 36 months
4. Planning to stay long-term
You plan to keep the property for at least 5 more years
Refinancing Costs in Malaysia 2026
| Cost Item | Amount | Notes |
|---|---|---|
| Legal Fees | 0.5% - 1.0% of loan | Tiered rates apply |
| Stamp Duty | 0.5% of loan | Fixed rate |
| Valuation Fee | RM300 - RM1,500 | Based on property value |
| Discharge Fee | RM200 - RM300 | To release existing charge |
| Total Estimated | 1.5% - 2.5% of loan |
Pro Tip: Look for "Zero Entry Cost" packages from banks like CIMB where the bank absorbs legal fees, valuation, and stamp duty.
Refinance vs Repricing: What's the Difference?
| Refinance | Repricing | |
|---|---|---|
| Definition | Move loan to different bank | Negotiate better rate with same bank |
| Costs | Higher (legal fees, stamp duty) | Lower (admin fee only, ~RM200) |
| Process | 2-3 months | 2-4 weeks |
| Rate reduction | Larger (can shop around) | Smaller (limited negotiation) |
| Best for | Rate difference > 0.5% | Rate difference < 0.5% |
Tip: Always try repricing first. If your bank refuses or offers minimal reduction, then consider refinancing.
Documents Required for Refinancing
Personal Documents
- ✓MyKad (IC) copy
- ✓Latest 3 months salary slips
- ✓Latest 6 months bank statements
- ✓Latest EPF statement
- ✓EA Form / Form B (tax)
Property Documents
- ✓Original Sale & Purchase Agreement
- ✓Land title / Strata title
- ✓Current loan statement
- ✓Property insurance policy
Jimat RM 405/bulan
Semak kelayakan sekarang