Mortgage early settlement calculator Malaysia 2026
Start with your latest outstanding balance and the terms in your own loan documents.
Should you settle your home loan early? Compare the future interest you may avoid with the penalty, notice interest, discharge cost and clawback you may pay today. Your latest statement balance is the best starting point because payment dates, rate changes and past flexi deposits cannot be reconstructed reliably from the original loan alone.
Islamic settlement may depend on product-specific deferred profit and ibra'. Use the bank's settlement statement, including the stated ibra', instead of a conventional-loan estimate.
Letter of Offer → facility name and prepayment clause. This selection explains access only. It will not overwrite the cap, lock-in or penalty you enter below.
Enter the balance from your latest statement or redemption quote. Leave 0 only if you need a monthly reducing-balance estimate.
Enter only a new semi-flexi prepayment that is not already included in the statement balance above.
Letter of Offer → "What is this product about?" Some packages let parked cash offset your balance in full. Others cap it, and cash above the cap earns you nothing. We assume no cap until you say otherwise — if yours is capped, drag the slider down to your figure.
Letter of Offer → the early settlement / prepayment clause. 2% is a working estimate, not a rule. The fee may be charged on your original loan amount or on the outstanding balance — those give very different answers, so check which. Several packages now carry no fee at all; if yours has no lock-in, set it to 0 and the penalty drops out.
Discharge of charge is solicitor and land-office work, not a bank fee — ask your lawyer. Clawback applies if the bank absorbed your legal fees or gave cashback; it is in your Letter of Offer.
Safe default: keep this separate. Select bank credit only when your insurer or the bank's redemption statement confirms the amount is applied against the settlement debits.
An estimate from the figures you entered — not advice, and not your bank's redemption statement.
What your parked cash actually does
Editable defaults are only starting estimates. Use your latest statement, Letter of Offer and bank redemption quote. OPR from Bank Negara Malaysia is context only. This tool does not rank, rate or recommend a lender.
Q.Why select a loan package?
It describes how extra cash can be accessed. Full- and semi-flexi facilities can produce the same estimate when their actual cap and fees are the same. Use your own terms; there is no universal semi-flexi cap.
Q.Can I use this for Islamic home financing?
No. Product-specific deferred profit and ibra' cannot be inferred safely here. Use the bank's settlement statement, including its stated ibra'.
Q.Is there always a penalty?
No. Some packages have no lock-in period or fee. Set either figure to 0 only when your own Letter of Offer or bank confirms it.