Total price of the vehicle
Malaysian car loans typically: 2.5% - 4.5%
Typical range: 5 - 9 years
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Enter your car financing details and click Calculate Payment to see results
Minimum 10% of car price required. Higher down payments reduce monthly installments and total interest paid.
Car loans typically have lower interest rates than personal loans due to the vehicle being used as collateral.
Standard terms range from 5-9 years. Longer terms mean lower monthly payments but higher total interest.
Looking to buy a new or used car in Malaysia? Use our Car Loan Calculator Malaysia to estimate your monthly repayments, total loan cost, and interest charges. This simple tool helps you plan your budget before committing to a car loan, whether you're buying your first car or upgrading to a newer model.
Just enter a few details to get instant results:
With this calculator, you can compare different scenarios and pick the option that fits your monthly budget.
When searching for the best car loan calculator Malaysia, it's important to know these terms:
Most car loans here use fixed interest rates, so your monthly installment stays the same throughout the loan. This makes planning your expenses easier.
Banks use your DSR (total commitments vs. income) to decide if you qualify. Typically, Malaysian banks accept 60–70% as the maximum DSR. Our calculator can help you check your affordability.
IC (NRIC), salary slips, bank statements, EPF statement, and employment details.
Yes, but expect stricter requirements, higher interest, or a larger down payment. Improving your credit score first is highly recommended.
Most banks approve within 1–3 working days if documents are complete. Some offer instant approvals for selected customers.
With our Car Loan Calculator Malaysia, you can make smarter decisions, compare different loan options, and avoid financial surprises before buying your dream car.
Planning your finances in Malaysia? Explore our suite of powerful tools to make smarter money decisions:
Estimate your mortgage payments, understand the true cost of homeownership, and plan your property budget with confidence.
Create a clear repayment plan to eliminate credit card debt faster and save on high-interest charges.
Need help with other financial calculations? Visit our complete calculator collection for salary, zakat, EPF, and more Malaysian financial tools.
Calculator differences: Results may vary between different car loan calculators due to varying assumptions about fees, insurance costs, processing charges, and calculation methods.
Our method: This calculator uses the standard reducing balance method commonly used by Malaysian banks (Maybank, CIMB, Public Bank, etc.) and does not include additional fees like insurance premiums or processing charges.
For accurate quotes: Always consult directly with banks or authorized dealers for final loan terms, as actual rates and fees may differ based on your credit profile and current promotions.