Car Loan Calculator — Malaysia
Calculate your monthly car payment under Malaysia's new hire-purchase rules.
What changed in 2026
The Hire-Purchase (Amendment) Act 2026 took effect on 1 June 2026, replacing the old flat-rate + Rule of 78 method with the effective interest rate (EIR) / reducing-balance method. New loans use reducing balance; loans taken before 1 June 2026 may still use the old flat-rate method. Use the toggle below to compare.
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Disclaimer: For educational purposes only. Actual rates, fees, and terms vary by bank. Not financial advice.