Home Loan Calculator

Looking to buy a home in Malaysia? Use Mudah.my’s free Home Loan Calculator Malaysia to quickly estimate your monthly housing loan repayments. Understand your affordability before speaking to the bank.


Fill in your details below to calculate your home loan.
Home Loan Details
Property Price
RM
Down Payment
RM
Interest Rate (%)
%
Tenure (Years)
yrs
Summary
Monthly Installment
RM 1 860
Total Payment
RM 781 119

* This calculator is only a guide. Results vary according to different financial institutions. Mudah.my doesn't guarantee it's accuracy or applicability to your circumstances.

How to Use This Malaysia Home Loan Calculator

1. Enter the property price you plan to buy.

2. Enter the loan amount you wish to borrow.

3. Set your expected interest rate (or use the average Malaysian rate).

4. Select your desired loan tenure in years.

5. Click Calculate My Repayment to see your results.

How Home Loans Work in Malaysia

Buying a home in Malaysia typically involves securing a housing loan (mortgage) from a bank. Loan tenures commonly range from 10 to 35 years. Banks evaluate borrowers based on income, debts, and credit score. They offer both fixed-rate and floating-rate loans.

Common Terms:

  • Loan Tenure: Total years to repay the loan.
  • Interest Rate: Annual percentage charged by the bank.
  • Base Lending Rate (BLR) / Base Rate (BR): Reference rates used by banks.
  • MRTA / MLTA: Types of insurance linked to housing loans.

Example of a Typical Loan Repayment

Property PriceLoan AmountInterest RateTenureMonthly Repayment
RM 500,000RM 400,0003.8%30 yearsRM 1,864

Useful Resources for Homebuyers in Malaysia

Frequently Asked Questions (FAQ) on Home Loans

There's no fixed salary required, but generally, banks prefer your monthly home loan repayment to not exceed 30% to 40% of your monthly income. For example, if your loan repayment is RM 1,500 per month, your salary should ideally be RM 3,750 to RM 5,000 or higher. This is assessed through your Debt Service Ratio (DSR), which banks use to determine affordability.
Housing loan interest rates in Malaysia typically range from 3% to 4.5% per annum, depending on your financial profile, the bank, and whether the loan is fixed or floating rate. Rates can fluctuate based on the Overnight Policy Rate (OPR) set by Bank Negara Malaysia.
A credit score of 650 and above is generally considered good in Malaysia for home loan approval. A higher score (700+) gives you better chances of securing approval and getting more competitive loan interest rates. Banks evaluate your CTOS / CCRIS score to determine your creditworthiness.

To improve your credit score in Malaysia:

  • Pay all bills and loans on time.
  • Reduce outstanding credit card balances.
  • Avoid applying for multiple loans at once.
  • Keep older credit facilities open to show a longer credit history.
  • Check your credit report regularly to correct any mistakes.