Interactive Tool
Car Loan Calculator Malaysia.
Instantly estimate your monthly car loan repayments based on the latest 2025 hire purchase (HP) interest rates. Plan your affordability before hitting the showroom.
RM 80,000
10% (RM 8,000)
3.20%
9 Years
Estimated Monthly Installment
RM 859
Loan Principal
RM 72,000
Total Months
108
Estimated only. Bank approval, margin, rate, tenure, eligibility, and final figures may vary. Details may contain mistakes, so please check with Intercontinental Motors for confirmation.
Understanding Loan Eligibility.
Banks in Malaysia apply careful criteria for loan approvals. Here is what you need to know.
The "Rule of 30%"
Financial advisors recommend that your monthly car loan repayment should not exceed 30% of your net monthly income. For example, if your take-home pay is RM 5,000, your maximum car installment should ideally be RM 1,500.
Required Documents (2025)
- NRIC (MyKad) & Driving License
- Latest 3 Months Salary Slips
- Latest 3 Months Bank Statements
- Latest EPF Statement