Hi, can someone calculate for me how much I need to pay monthly.
Loan amount: RM54600
Tenure: 9 Years
Rate: 2.81%
Maybank
Thank You
I am noob in calculating interest rates
Latest Car Loan Rate 2012-2021| 2021
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 Mar 6 2017, 10:00 AM
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Mar 6 2017, 10:36 AM
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QUOTE(k2017 @ Mar 6 2017, 10:06 AM) Thanks, downpayment is more than 10%, RM30000 |
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Mar 6 2017, 02:51 PM
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QUOTE(theonlyvin @ Mar 6 2017, 02:28 PM) Interest Per year 54600 x 0.0281 = 1534.26 Thanks! your calculation exactly as the Car Loan Calculator website 9 years interest = 1534.26 x 9 = 13808.34 Total Loan + Interest amt = 54600 + 13808.34 = 68408.34 Monthly installment = 68408.34/108month = RM633.41/month   |
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