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Loan Calculator

Based on Malaysia Hire Purchase Act 1967 — flat rate calculation method

Loan Details
RM
RM
0%Min 10% recommended50%
1.5%Typical 2.5–4%7%
Max 9 years · New car: 7–9 years recommended

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Monthly Payment
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Financing Amount
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Total Interest
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Total Repayment
Payment Breakdown
Loan Summary
Vehicle Price—
Down Payment—
Financing Amount—
Interest Rate (flat)—
Loan Tenure—
Total Interest—
Monthly Instalment —
Total Repayment—
Malaysia Hire Purchase Act 1967: Uses flat rate interest (not reducing balance). Total interest = Financing × Rate × Tenure. Monthly = (Financing + Interest) ÷ (Tenure × 12).
Yearly Repayment Schedule
Year Annual Payment Principal Interest Balance
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