Home Loan Calculator — Malaysia
Calculate your Malaysian home loan installment in MYR — conventional or Islamic financing. Current BNM-linked rates, total interest, and MRTA guidance. No signup.
Current Malaysia home loan rates (April 2026)
| Type | Typical rate (p.a.) | Notes |
|---|---|---|
| Conventional (SBR-linked) | 4.0% – 4.7% | Variable, moves with OPR |
| Islamic home financing | 4.0% – 4.7% | Profit rate, often with ceiling |
| Flexi / semi-flexi loans | 4.0% – 4.7% | Park savings to cut interest |
Bank Negara Malaysia's OPR is around 3%. Rates are usually variable (SBR + spread). A flexi loan lets you reduce interest by parking extra cash against the balance.
Major Malaysian home loan providers
- Maybank — largest lender; MaxiHome flexi options; Maybank Islamic
- CIMB — conventional & CIMB Islamic home financing
- Public Bank — competitive rates, strong for owner-occupiers
- RHB — flexible packages
- Bank Islam — fully Islamic home financing
The real cost of an RM 500k home loan
Example: RM 500,000 at 4.3% for 30 years.
- Monthly installment: ≈ RM 2,474
- Total paid over 30 years: ≈ RM 890,640
- Total interest: ≈ RM 390,640
- A semi-flexi loan or extra payments can cut years and tens of thousands of ringgit in interest.
Frequently Asked Questions
What is the current home loan rate in Malaysia?
About 4%–4.7% p.a. (April 2026), variable with BNM's OPR (≈3%). Islamic financing is similar.
Conventional vs Islamic financing?
Conventional charges interest; Islamic uses a profit rate (often with a ceiling) via a sale or partnership structure — no riba.
What is MRTA?
Insurance that clears your loan on death or total disability. Premium can be financed into the loan; MLTA is an alternative.
How much down payment?
Usually 10% (90% financing) for your first two homes, plus legal fees and stamp duty.