Malaysia housing loan calculator
Monthly repayment plus stamp duty, legal fees, and upfront cash.
Estimate the monthly repayment on a Malaysian home loan and, just as importantly, the cash you need upfront — down payment, stamp duty on the Memorandum of Transfer (MOT), stamp duty on the loan agreement, and legal fees. The calculator uses the 2024 ad-valorem stamp duty tiers and the standard legal-fee scale.
How the housing loan calculator works
The monthly installment is computed with the standard amortization formula using your loan amount (price minus down payment), the annual interest rate, and the tenure in months.
MOT stamp duty is charged on the property price in tiers: 1% on the first RM100,000, 2% from RM100,001–500,000, 3% from RM500,001–1,000,000, and 4% above RM1,000,000.
Loan agreement stamp duty is a flat 0.5% of the loan amount. Legal fees follow the Solicitors' Remuneration Order scale and are charged on both the Sale & Purchase Agreement and the loan agreement.
First-home buyers purchasing a property priced at RM500,000 or below qualify for full stamp duty exemption on both the MOT and the loan agreement — toggle the first-home option to apply it.
Monthly installment formula
M = P · r · (1 + r)^n / ((1 + r)^n − 1)
P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = number of months (years × 12).
MOT stamp duty tiers (2024)
| Property price band | Rate |
|---|---|
| First RM100,000 | 1% |
| RM100,001 – RM500,000 | 2% |
| RM500,001 – RM1,000,000 | 3% |
| Above RM1,000,000 | 4% |
Loan agreement stamp duty is a separate flat 0.5% of the loan amount.
Worked examples
RM500,000 home, 10% down, 35 years at 4%
- Loan amount: RM450,000
- Down payment: RM50,000
- Interest rate: 4% p.a.
Result: ≈ RM1,993/month, with roughly RM73,000 needed upfront (down payment + stamp duty + legal fees) for a non-first-home buyer.
Frequently asked questions
- How much down payment do I need for a house in Malaysia?
- Most banks finance up to 90% of the property value for your first two homes, so you typically need a 10% down payment plus the stamp duty and legal fees on top.
- Is stamp duty really waived for first-home buyers?
- Yes — for eligible Malaysian first-home buyers, properties priced at RM500,000 or below receive full stamp duty exemption on both the transfer (MOT) and the loan agreement. Confirm the current year's terms with your lawyer.
- Does this include MRTA or fire insurance?
- No. Mortgage Reducing Term Assurance (MRTA) and home/fire insurance are quoted separately by your bank and insurer, so add those to your upfront budget.