Property Loan Calculator Malaysia – Free Online House Loan and Land Loan Calculator with Salary-Based Affordability, Extra Payments, and Amortization Schedule
Our Property Loan Calculator Malaysia is a comprehensive, free online tool that helps you calculate monthly property loan payments, total interest costs, and repayment schedules for house loans and land loans in Malaysia. Whether you're buying your first home, investing in residential property, or purchasing land, this calculator provides accurate estimates based on your loan amount, interest rate, and term length. It's an essential tool for anyone considering property 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 (including advance payments), detailed amortization schedules, and standard property loan 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, commercial property, or land in Malaysia, this tool helps you make informed decisions about your property loan.
How the Property Loan Calculator Malaysia Works
The calculator uses standard property loan formulas to calculate your monthly payments:
- • Property Price: Enter the purchase price of your property (house, apartment, or land)
- • 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
- ✓House Loan Calculator Malaysia Based on Salary – Calculate how much you can afford based on your monthly income and debt-to-income ratio
- ✓Land Loan Calculator Malaysia – Calculate loan payments for land purchases in Malaysia
- ✓Housing Loan Calculator Malaysia with Extra Payment – See how making additional monthly payments or advance payments can reduce your interest costs and shorten your loan term
- ✓House Loan Calculator Malaysia Advance Payment – Calculate the impact of lump sum advance payments on your loan
- ✓Property Mortgage Calculator Malaysia – Calculate loans for houses, apartments, commercial properties, and land
- ✓Amortization Schedule – View a detailed month-by-month breakdown of your loan payments
- ✓House Loan Calculator Malaysia Excel – Export-ready calculations compatible with Excel spreadsheets
Malaysia Property Loan Rates 2025
Property loan interest rates in Malaysia vary based on several factors including your credit score, loan amount, loan term, property type, 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. Land loans may have slightly higher rates depending on the intended use and location.
| Bank | Typical APR Range | Notes |
|---|---|---|
| Maybank | 3.5% – 4.8% | Competitive rates, flexible terms for house and land loans |
| Public Bank | 3.6% – 4.9% | Good rates for first-time buyers, various property types |
| RHB | 3.7% – 5.0% | Various loan packages available for houses and land |
| CIMB | 3.5% – 4.9% | Competitive rates, flexible solutions for property loans |
Property 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 property loan payment of RM 2,000. This translates to a maximum loan amount based on your interest rate and loan term, helping you determine whether you can afford a house, apartment, or land purchase.
Property Loan Formula
Our calculator uses the standard property loan 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 property loans, which are the most common type of property loans in Malaysia for both houses and land.
Property Loan Calculator with Extra Payments
Making extra payments on your property 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 advance payments (lump sum payments). For example, if you have a RM 400,000 property 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. Advance payments can provide even greater savings, especially when made early in the loan term.
Amortization Schedule
The amortization schedule provides a detailed month-by-month breakdown of your property 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 and plan for advance payments.
Major Malaysia Property Loan Lenders
When shopping for a property loan in Malaysia, you'll find options from major banks and financial institutions:
- ✓Maybank – Malaysia's largest bank offering competitive property loan rates and flexible terms for houses and land
- ✓Public Bank – Provides excellent rates for first-time homebuyers and various property types including land loans
- ✓RHB – Offers competitive property loan packages with various loan terms for residential and commercial properties
- ✓CIMB – Provides flexible property loan solutions for houses, apartments, commercial properties, and land purchases
- ✓RinggitPlus – Online platform for comparing property loan offers from multiple Malaysian banks
- ✓Hong Leong Bank – Offers competitive rates and good customer service for property loans
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 property loan payments. The calculations follow standard property loan formulas, ensuring accuracy and compatibility with financial planning tools. This is particularly useful for comparing different loan scenarios and planning your property purchase budget.
House Loan vs Land Loan Calculator
Our Property Loan Calculator Malaysia can be used for both house loans and land loans. While the calculation formula is the same, there are some differences to consider:
- • House Loans: Typically have lower interest rates (3.5% - 4.8% APR) and longer terms (up to 35 years)
- • Land Loans: May have slightly higher interest rates (4.0% - 5.5% APR) and shorter terms (typically 5-20 years)
- • Down Payment: Land loans often require a higher down payment (20-30%) compared to house loans (10-20%)
- • Loan-to-Value Ratio: Land loans typically have lower LTV ratios, meaning you need a larger down payment
FAQ: Property Loan Calculator Malaysia
Q: How do I calculate my property loan payment?
A: Use our property 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 property loan 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 or advance payments?
A: Extra payments and advance 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's the difference between a house loan and a land loan?
A: House loans are for purchasing completed properties (houses, apartments) and typically have lower rates and longer terms. Land loans are for purchasing vacant land and may have slightly higher rates and shorter terms, with higher down payment requirements.
Q: What interest rates do Malaysian banks offer for property loans?
A: Malaysian banks typically offer property 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 Property Loan Calculator Malaysia is an essential tool for anyone considering property financing in Malaysia. Whether you're buying your first home, investing in property, purchasing land, exploring affordability based on your salary, planning to make extra payments or advance 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 property loan 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, CIMB, and others, read the terms and conditions carefully, and consider consulting with a licensed financial adviser before committing to a property 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, whether you're purchasing a house, apartment, commercial property, or land.