How the estimate works
Malaysian hire purchase uses a flat rate. Interest is calculated on the full loan amount for the whole tenure, then spread evenly across the months.
monthly = (loan + loan × rate × years) ÷ (years × 12)
Loan Calculator
Pick a model, set your down payment and tenure. Prices sync with the catalog, so the estimate is always current.
Model
0%50%
Loan tenure
2.00%4.50%
Estimated monthly instalment
RM1,207
- Car price
- RM 120,000
- Down payment
- RM 12,000
- Loan amount
- RM 108,000
- Total interest
- RM 22,356
- Total payable
- RM 130,356
Estimate only, based on the on-the-road price without insurance. Final rate subject to bank approval.
Good to know
Before you apply
What is not included
These are quoted separately from the monthly instalment. Your actual rate depends on the bank, your profile and the car year.
Ready to check eligibility?
Send the estimate over WhatsApp and I will run it with the banks for you.
- Rate per year
- 2.30%
- Max tenure
- 9 yrs
- Typical approval
- 48h