Personal loan instalment, EIR and total repayment calculator
Calculate personal loan instalments, converted EIR, interest and total repayment. Compare flat and reducing rates and view yearly balances.
Your repayment estimate
Planning estimate. Not an offer or approval. The bank decides after its own checks.
EIR uses the monthly rate multiplied by 12. Payments are monthly, rates stay constant and calculations keep full precision until display. Figures are rounded half-up to the sen.
From 1 January 2027, new personal financing can't be priced at a flat rate or use Rule of 78 (BNM).
For a separate eligibility estimate, use the personal loan eligibility calculator or personal loan pre-check.
Same quoted number, different repayment cost
Each column uses the same amount, tenure and quoted rate number. Flat interest is charged on the original amount. Reducing interest is charged on the remaining balance.
Yearly balance summary
For a flat rate, this illustrates the equivalent reducing balance using the converted EIR. It is not an early-settlement quotation.