Mortgage Loan Calculator Malaysia – Free Online Home Loan Calculator with Salary-Based Affordability, Extra Payments, and Amortization Schedule
Our Mortgage Loan Calculator Malaysia is a comprehensive, free online tool that helps you calculate monthly mortgage 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, Hong Leong Bank, and other Malaysian financial institutions.
This comprehensive calculator includes features for salary-based affordability calculations, extra payments, detailed amortization schedules, and standard mortgage formula calculations. 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 mortgage loan.
How the Mortgage 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
- • 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
- ✓Mortgage 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 Based on Salary – Determine your maximum property price and loan amount based on your salary
- ✓Home Loan Calculator Malaysia Formula – Uses standard mortgage formula: M = P × [r(1+r)^n] / [(1+r)^n - 1]
- ✓Mortgage Loan Calculator with Extra Payments – See how making additional monthly payments or lump sum payments can reduce your interest costs and shorten your loan term
- ✓Amortization Schedule – View a detailed month-by-month breakdown of your loan payments
- ✓Property Loan Calculator Malaysia – Calculate loans for houses, apartments, and commercial properties
- ✓House Loan Calculator Malaysia Excel – Export-ready calculations compatible with Excel spreadsheets
Malaysia Mortgage Loan Rates 2025
Mortgage 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 |
| Public Bank | 3.6% – 4.9% | Good rates for first-time buyers |
| RHB | 3.7% – 5.0% | Various loan packages available |
| Hong Leong Bank | 3.5% – 4.9% | Competitive rates, good customer service |
Mortgage 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.
Home Loan Calculator Malaysia Formula
Our calculator uses the standard mortgage formula to calculate monthly payments:
M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
M = Monthly payment
P = Principal loan amount
r = Monthly interest rate (annual rate / 12)
n = Total number of payments (loan term in years × 12)
This formula ensures accurate calculations for fixed-rate mortgages, which are the most common type of home loans in Malaysia.
Mortgage Loan Calculator with Extra Payments
Making extra payments on your mortgage 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.
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.
Major Malaysia Mortgage Loan Lenders
When shopping for a mortgage loan in Malaysia, you'll find options from major banks and financial institutions:
- ✓Maybank – Malaysia's largest bank offering competitive mortgage rates and flexible terms
- ✓Public Bank – Provides excellent rates for first-time homebuyers and various property types
- ✓RHB – Offers competitive mortgage packages with various loan terms
- ✓Hong Leong Bank – Provides competitive rates and good customer service
- ✓CIMB Bank – Offers flexible mortgage solutions for residential and commercial properties
- ✓AmBank – Provides competitive rates and various loan packages
House Loan Calculator Malaysia Excel
Our calculator provides calculations that are compatible with Excel spreadsheets. You can use the amortization schedule data to create your own Excel templates for tracking your mortgage payments. The calculations follow standard mortgage formulas, ensuring accuracy and compatibility with financial planning tools.
FAQ: Mortgage Loan Calculator Malaysia
Q: How do I calculate my mortgage payment?
A: Use our mortgage 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: 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: What is the standard mortgage formula?
A: The standard mortgage formula is M = P × [r(1+r)^n] / [(1+r)^n - 1], where M is the monthly payment, P is the principal, r is the monthly interest rate, and n is the number of payments. Our calculator uses this formula for accurate calculations.
Q: What interest rates do Malaysian banks offer?
A: Malaysian banks typically offer mortgage 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 Hong Leong Bank.
Conclusion
Our Mortgage 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, 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, detailed amortization schedules, and standard mortgage formula calculations, 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, Hong Leong Bank, and others, read the terms and conditions carefully, and consider consulting with a licensed financial adviser before committing to a mortgage 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.