Personal Loan: Kira Ansuran

Any and Company

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About this app

Need a loan, or are you already so committed to debt that you can't see when it's over? Before you sign, calculate the real cost. Enter the amount, term and interest rate to see your monthly installments, interest amount and repayment amount. Then add up the debts you're currently paying and see when you'll be debt-free.

All calculations are done on your phone: without internet, without an account and without a phone number.

IF YOU ARE PLANNING TO BORROW

• Personal loan calculator: monthly installments, total interest and total payments for any amount, term and rate
• Suitable for personal loans, cooperative loans, car loans, housing loans and credit card balances
• How many installments can I afford: from your salary and current commitments, see the installments that still fit into your budget
• Compare two offers side by side on the total amount, not just the installments

IF YOU ALREADY HAVE DEBT

• Debt payment plan: enter each debt with its balance, interest rate and installments, and see when you will be debt-free and the interest still due
• Two ways to arrange debts: highest interest first or smallest balance first, with the cost of each way
• Pay more each month: see how many months are shortened and how much interest is saved
• Debt burden: what percentage of salary goes to installments and how much is left

Useful before you take out a new loan to consolidate old debts: you can see for yourself whether it is really cheaper.

EXAMPLE

Loan of RM10,000 for 36 months at 10 percent per annum: installments of about RM323 per month and total payment of about RM11,616. Same amount for 60 months: installments drop to about RM212, but total increases to about RM12,748. Longer term costs about RM1,132 more.

Change any of the numbers and the results change immediately.

BEFORE YOU BORROW

• Money lenders must be licensed by the KPKT. Check the list of licensed money lenders on the official KPKT website: https://www.kpkt.gov.my
• Under the Money Lenders Act 1951, licensed loan interest cannot exceed 12 percent per annum for secured loans and 18 percent per annum for unsecured loans
• If debt is already burdensome, AKPK provides free financial counseling services: https://www.akpk.org.my

WHAT THIS APPLICATION DOES NOT DO

• Does not provide loans and does not deposit money into your account
• Does not accept applications, ICs or salary slips
• Does not list lenders and does not refer you to anyone
• Does not access your contacts and does not check your credit record

IMPORTANT INFORMATION

This application is only a calculator. It is not a bank, finance company or money lender, and is not affiliated with any lender, KPKT, AKPK or government agency.

All figures are estimates based on the information you enter. Interest is calculated on the reducing balance, annual rate divided by twelve. Many personal loans in Malaysia are quoted at a flat rate, which gives higher installments for the same percentage. Fees, insurance and penalties are not included. Check the final cost in your agreement.

Your data is stored on your phone only.

What’s new

Versi baharu. Kira ansuran, faedah dan jumlah bayaran untuk apa-apa pinjaman, bandingkan dua tawaran dan bina pelan bayar hutang: tambah hutang yang anda ada dan lihat bila anda bebas hutang, hutang mana patut dibayar dahulu dan berapa yang dijimatkan jika bayar lebih setiap bulan. Berfungsi tanpa internet.