hi guys,

let say i buy a house worth RM150k and loan for 30 years, how to calculate the monthly installment? as for interest rate, i am not sure how many percent for house loan. Could you help me on this?

When you apply for a loan from the bank, they'll have the handy calculator which takes into account the interest rate etc etc. Just walk into any bank to find out.

the problem is i need to budget first before go to bank. from that, at least i have rough amount.

to calculate house loan, is it same as car loan?

x% * y years + 1 * v value / (y*12) .. ..

This post has been edited by Seng_Kiat: Sep 22 2008, 12:02 PM

Search up amortising formula...
Maybe you could start by searching up threads here....

call up a loan officer near to you. ask him to get amortising calculation for you for first year, second year, third year, and subsequent year.

no need to calculate yourself.

Just use online loan calculators, like this one from RHB. Easy peasy.

As for interest rate, you might be able to get BLR - 2%.

Alliance bank: 1-2 yr blr-2.30%
3-5 yr BLR-2.05%
Theareafter Blr-2.05%
want more infor PM me.

zzz.. people asking for how much he need to pay, not asking what offer he can get..

Property price : RM150k
Loan amount : 90% i.e RM135k
Interest Rate : BLR - 1.7%
Tenure : 30 years

Monthly Installment : RM728.84
Total Repayment after 30yrs : RM262,382.44
Total Interest charged : RM127,382.44

Well, interest rate varies among different banks, thus ... treat this as a reference

Use Excel. The function is PMT(rate,nper,pv,{fv,type})

Rate is in %, nper is number of years X 12, PV is your loan. The result will be a negative value which is your monthly installment.

You can ignore the parameters in {}. Look up Excel help if you need more example.