Car Loan Calculator (Flat Rate)
Estimate your monthly car loan instalment using the flat-rate (hire-purchase) method common in Malaysia.
Loan amountRM 81,000.00
Monthly instalmentRM 952.50
Total interestRM 21,870.00
Flat-rate hire-purchase method, as used by most MY car loans.
How to use
- Enter the car price and your down payment.
- Enter the flat interest rate and tenure in years.
- Read your monthly instalment.
Frequently asked questions
Why is car loan interest different?
Malaysian car loans are usually hire-purchase with a flat interest rate applied to the full principal for the whole tenure, so the effective rate is higher than the quoted flat rate.
Last reviewed: 2026-01-01