House Loan Calculator Malaysia – Free Online Home Loan Calculator with Salary-Based Affordability, Extra Payments, Flexi Loans, and Amortization Schedule
Our House Loan Calculator Malaysia is a comprehensive, free online tool that helps you calculate monthly house loan payments, total interest costs, and repayment schedules for home loans in Malaysia. Whether you're buying your first home or investing in property, this calculator provides accurate estimates based on your loan amount, interest rate, and term length. It's an essential tool for anyone considering home finance from Malaysia lenders like Maybank, Public Bank, RHB, CIMB, and other Malaysian financial institutions.
This comprehensive calculator includes features for salary-based affordability calculations, extra payments, Flexi loan options, detailed amortization schedules, and Excel export functionality. With support for loan terms from 5 to 35 years, you can explore different financing scenarios and find the best option for your budget. Whether you're planning to purchase a house, apartment, or commercial property in Malaysia, this tool helps you make informed decisions about your house loan.
How the House Loan Calculator Malaysia Works
The calculator uses standard mortgage loan formulas to calculate your monthly payments:
- • Property Price: Enter the purchase price of your property
- • Down Payment: Specify your down payment as a fixed amount or percentage
- • Loan Type: Choose between Standard Loan or Flexi Loan
- • Interest Rate: Enter your annual interest rate (APR)
- • Loan Term: Choose from 5, 10, 15, 20, 25, 30, or 35 years
- • Salary-Based Affordability: Calculate maximum loan amount based on your monthly salary and debt-to-income ratio
Key Features
- ✓House Loan Calculator Malaysia Based on Salary – Calculate how much you can afford based on your monthly income and debt-to-income ratio
- ✓House Loan Calculator Malaysia Salary – Determine your maximum property price and loan amount based on your salary
- ✓House Loan Calculator Malaysia Flexi – Calculate savings with Flexi loans that allow offset accounts to reduce interest
- ✓House Loan Calculator Malaysia Extra Payment – See how making additional monthly payments or lump sum payments can reduce your interest costs
- ✓House Loan Calculator Malaysia Advance Payment – Plan advance payments to shorten your loan term and save on interest
- ✓House Loan Calculator Malaysia Excel – Export amortization schedules to Excel for further analysis
- ✓Amortization Schedule – View a detailed month-by-month breakdown of your loan payments
- ✓Bank-Specific Calculators – Compare rates from Maybank, Public Bank, RHB, CIMB, and other Malaysia lenders
Malaysia House Loan Rates 2025
House loan interest rates in Malaysia vary based on several factors including your credit score, loan amount, loan term, and the lender. Major Malaysian banks typically offer rates between 3.5% and 5.5% APR for residential properties, with rates generally lower for first-time homebuyers and properties with higher loan-to-value ratios.
| Bank | Typical APR Range | Notes |
|---|---|---|
| Maybank | 3.5% – 4.8% | Competitive rates, flexible terms, Flexi options |
| Public Bank | 3.6% – 4.9% | Good rates for first-time buyers, Flexi loans available |
| RHB | 3.7% – 5.0% | Various loan packages, Flexi options |
| CIMB | 3.5% – 4.9% | Competitive rates, Flexi loans, good customer service |
House Loan Calculator Malaysia Based on Salary
One of the most important features of our calculator is the salary-based affordability calculation. This helps you determine how much you can afford to borrow based on your monthly income. Most Malaysian banks use a debt-to-income ratio (DTI) of 30-40% to determine loan eligibility. Our calculator allows you to:
- • Enter your monthly salary
- • Set your preferred debt-to-income ratio (typically 30-40%)
- • Include existing monthly debts (car loans, credit cards, etc.)
- • Calculate your maximum affordable property price and loan amount
For example, if you earn RM 5,000 per month and use a 40% DTI ratio with no existing debts, you could afford a monthly mortgage payment of RM 2,000. This translates to a maximum loan amount based on your interest rate and loan term.
House Loan Calculator Malaysia Flexi
Flexi loans are a popular option in Malaysia that allow you to maintain an offset account linked to your home loan. The balance in this offset account reduces the principal amount used for interest calculation, helping you save on interest payments while maintaining access to your funds. Our calculator shows you how much you can save with a Flexi loan compared to a standard loan.
For example, if you have a RM 400,000 loan and maintain RM 50,000 in your Flexi offset account, you'll only pay interest on RM 350,000. This can result in significant interest savings over the life of your loan while giving you the flexibility to withdraw funds when needed.
House Loan Calculator Malaysia Extra Payment
Making extra payments on your house loan can significantly reduce the total interest you pay and shorten your loan term. Our calculator shows you exactly how much you can save by making additional monthly payments or lump sum payments. For example, if you have a RM 400,000 loan at 4.5% APR over 30 years, making an extra RM 500 per month could save you over RM 100,000 in interest and pay off your loan 8 years early.
House Loan Calculator Malaysia Advance Payment
Advance payments, also known as prepayments, allow you to make payments ahead of schedule to reduce your loan balance and interest costs. Our calculator helps you plan advance payments by showing how they affect your total interest and payoff period. Many Malaysian banks allow advance payments without penalty, making this an effective strategy for reducing loan costs.
Amortization Schedule
The amortization schedule provides a detailed month-by-month breakdown of your loan payments, showing how much goes toward principal and interest each month. This helps you understand how your loan balance decreases over time and how extra payments affect your payoff timeline. Our calculator displays the complete schedule with all monthly payments, making it easy to track your loan progress.
House Loan Calculator Malaysia Excel
Our calculator provides Excel export functionality, allowing you to download your amortization schedule as a CSV file that can be opened in Excel or Google Sheets. This makes it easy to create custom financial models, track your loan progress, and share information with financial advisors or family members. The exported data includes all payment details, making it perfect for further analysis and planning.
Major Malaysia House Loan Lenders
When shopping for a house loan in Malaysia, you'll find options from major banks and financial institutions:
- ✓Maybank – Malaysia's largest bank offering competitive house loan rates, flexible terms, and Flexi loan options
- ✓Public Bank – Provides excellent rates for first-time homebuyers, various property types, and Flexi loans
- ✓RHB – Offers competitive house loan packages with various loan terms and Flexi options
- ✓CIMB – Offers flexible house loan solutions for residential and commercial properties, including Flexi loans
- ✓Hong Leong Bank – Provides competitive rates and various loan packages including Flexi options
- ✓RinggitPlus – Online platform for comparing house loan offers from multiple Malaysia banks
House Loan Calculator Malaysia LPPSA
LPPSA (Lembaga Pembiayaan Perumahan Sektor Awam) is a government agency that provides housing loans for public sector employees in Malaysia. While our calculator is designed for general house loans, it can also be used to estimate payments for LPPSA loans. Always consult with LPPSA directly for official rates and terms.
FAQ: House Loan Calculator Malaysia
Q: How do I calculate my house loan payment?
A: Use our house loan calculator Malaysia by entering your property price, down payment, interest rate, and loan term. The calculator will automatically compute your monthly payment, total interest, and repayment schedule using the standard mortgage formula.
Q: How much can I afford based on my salary?
A: Use the salary-based affordability feature by entering your monthly salary, debt-to-income ratio, and existing debts. The calculator will show your maximum affordable property price and loan amount based on Malaysian banking standards.
Q: What is a Flexi loan and how does it work?
A: A Flexi loan allows you to maintain an offset account linked to your home loan. The balance in this account reduces the principal used for interest calculation, helping you save on interest while maintaining access to your funds. Use our calculator to see how much you can save with a Flexi loan.
Q: How much can I save with extra payments?
A: Extra payments can save you tens or hundreds of thousands of ringgit in interest, depending on your loan amount and interest rate. Use the extra payments feature to see exactly how much you can save and how much time you can shave off your loan term.
Q: Can I export the amortization schedule to Excel?
A: Yes, our calculator includes an Excel export feature. Click the "Export to Excel" button to download your amortization schedule as a CSV file that can be opened in Excel or Google Sheets.
Q: What interest rates do Malaysian banks offer?
A: Malaysian banks typically offer house loan rates between 3.5% and 5.5% APR, depending on factors like credit score, loan amount, loan term, and property type. Rates may vary by bank, so it's important to compare offers from multiple lenders including Maybank, Public Bank, RHB, and CIMB.
Conclusion
Our House Loan Calculator Malaysia is an essential tool for anyone considering home financing in Malaysia. Whether you're buying your first home, investing in property, exploring affordability based on your salary, planning to make extra payments, comparing Flexi loans, or comparing loan offers from different banks, this calculator helps you understand your loan costs and make informed financial decisions. With support for salary-based affordability calculations, extra payments, Flexi loans, detailed amortization schedules, and Excel export functionality, you have all the tools you need to plan your property purchase effectively.
Always compare offers from multiple Malaysian lenders including Maybank, Public Bank, RHB, CIMB, and others, read the terms and conditions carefully, and consider consulting with a licensed financial adviser before committing to a house loan. Remember that while longer loan terms can make monthly payments more affordable, they also increase the total interest you'll pay over the life of the loan. Use our calculator to explore different scenarios and find the best option for your financial situation.