Finance · Free · Client-side

Malaysia Car Loan Calculator (Rule of 78)

Enter loan amount, flat interest rate, and tenure. See total interest, monthly instalment, approximate EIR, and what you still owe if you settle early under the Rule of 78 rebate method.

Loan amount (RM)

Flat rate (% / year)

Tenure (years)

Months already paid (for early settlement)

Monthly instalment

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Total flat interest

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Approx. EIR / year

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Early settlement owing

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How this malaysia car loan calculator rule of 78 works

01 Enter principal (RM), flat annual rate (%), and tenure in years.
02 The tool computes total flat interest and monthly instalment.
03 Pick how many months you have already paid.
04 Remaining balance uses the Rule of 78 interest rebate formula.

Frequently asked questions

Is Rule of 78 how Malaysian hire-purchase works? +

Many Malaysian hire-purchase / car loans advertise a flat rate and rebate interest on early settlement using a Rule of 78–style formula. Confirm the exact method in your agreement or with the bank/finance company.

Is the EIR exact? +

It is an approximation from the flat-rate structure for education. Your bank’s disclosed EIR / IRR may differ slightly.

Is my loan data uploaded? +

No. Everything runs in your browser with no server round-trip.