Malaysia 2026 Hire‑Purchase Calculator

Reducing Balance Method vs. Flat Rate · Variable Rate Schedule · Early Settlement Simulator

Calculations are based on the Effective Interest Rate (EIR) and reducing balance method as per the Hire‑Purchase (Amendment) Act 2026. Actual loan terms are subject to the respective bank.

Financing Details

$

Variable Interest Rate Schedule

Financing Summary

*** Calculations are for reference only. Final decisions are at the discretion of the respective bank.

Early Settlement / Selling a Financed Vehicle ▼

Total Instalments Paid to Date $ —
Outstanding Principal Balance $ —
$
Net Settlement Amount (Equity or Shortfall) $ —

Amortisation Schedule

0 instalments
⚠️ Disclaimer: This calculator is provided for educational and illustrative purposes only. All calculations are estimates based on the reducing balance formula and EIR framework under the Hire‑Purchase (Amendment) Act 2026. Actual loan terms, interest rates, and settlement amounts are determined solely by the respective hire‑purchase provider (bank or financial institution). This tool does not constitute financial advice, an offer of credit, or a quotation for any hire‑purchase product. Users should consult their lender for exact figures before making any financial decision.
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