Car Loan Calculator

OTR value

Disclaimer: Please use this calculator as a guide only. All interest or profit rates, amounts, and terms are for reference only and not necessarily applicable to your personal credit profile. nomber.my does not guarantee its accuracy or applicability to your circumstances.

Calculation method:

Fixed interest

  1. A principal amount is calculated based on your Car value and Downpayment (if any) which will be your loan amount.
  2. A fixed amount of Interest per year is calculated based on Interest rate against the loan amount.
  3. Based on the loan term, interest per year and loan amount, the Loan repayment is calculated.
  4. The value is then translated to monthly by division on monthly basis.