Monthly Instalment Calculator
Estimate your monthly finance instalment Enter the finance amount, annual profit rate and term in months to estimate a reducing-balance monthly payment.
Frequently asked questions
How is the monthly instalment calculated?
The calculator uses an illustrative reducing-balance formula, with the annual rate divided into monthly periods over the selected term.
Is this the bank’s final instalment quote?
No. Actual payments may differ due to the bank’s calculation method, fees, takaful, payment dates and product terms.
Can I enter a zero profit rate?
Yes. At zero, the principal amount is divided equally across the selected number of months.
This calculator is for an initial estimate only and is not a finance offer or bank approval.