Car Loan Calculator Malaysia.
Estimate monthly hire purchase repayments using the price, deposit, tenure, and indicative rate you enter. Plan your affordability before hitting the showroom.
Estimated Monthly Installment
RM 859
Loan Principal
RM 72,000
Total Months
108
Illustrative estimate using 10% down payment and 3.2% flat rate. Bank approval, margin, rate, tenure, eligibility, insurance, and final figures may vary. Confirm with Intercontinental Motors and the selected bank.
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