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Car Loan & Road Tax. Flat-rate amortization plus Peninsular Malaysia road tax estimate. Interactive Mengira financial calculator with deterministic math: inputs are processed client-side, results update reactively, formulas documented in the on-page explainer.
← Malaysia

Car Loan & Road Tax

Flat-rate amortization plus Peninsular Malaysia road tax estimate.

RM 95,000
RM 10,000
2.85 %
1500 cc

Monthly installment

RM 1,214

Total interest

RM 16,958

Total payable

RM 101,958

Annual road tax (Peninsular, saloon)

RM 90

Loan amount RM 85,000 over 7 years at flat 2.85%. Road tax shown for Peninsular Malaysia, private saloon (petrol).

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Next Steps

Recommendations
Motor Insurance & Road Tax
Compare fast motor insurance quotes and road tax renewal options from leading Malaysian insurers.
Get quotes
Compare bank offers
Shortlist 2–3 banks and request their official PCB/loan letter.
Talk to a licensed advisor
For tax & loan decisions above RM200k, get a second opinion.

How the math works

Malaysian Hire-Purchase loans use a flat (add-on) interest rate: all interest is computed up front on the original principal and split evenly across every month. Road tax follows the JPJ piecewise schedule for Peninsular Malaysia private saloons (petrol).

  1. 01

    Loan principal

    Loan = Price − DownPayment
  2. 02

    Total interest (flat)

    TotalInterest = Loan × FlatRate% × TenureYears

    Flat rate ≠ effective rate. Effective APR is roughly 1.8× the flat rate for typical tenures.

  3. 03

    Monthly installment

    MonthlyInstallment = (Loan + TotalInterest) / (TenureYears × 12)
  4. 04

    Road tax (Peninsular, saloon, petrol)

    ≤1000cc: 20
1001–1200cc: 55
1201–1400cc: 70
1401–1600cc: 90
1601–1800cc: 200 + (cc−1600)×0.40
1801–2000cc: 280 + (cc−1800)×0.50
2001–2500cc: 380 + (cc−2000)×1.00
2501–3000cc: 880 + (cc−2500)×2.50
>3000cc:    2,130 + (cc−3000)×4.50

    EVs, MPVs, Sabah/Sarawak and company-registered vehicles use different schedules.