Please see example below for the calculation.

You borrow RM50,000 for a personal loan or hire purchase (fixed rate loan).

After paying for 5 years, or 60 months of installments, you would like to pay off your loan (full settlement). So you
will get rebate for the remaining 24 months (84 months 60 months).
The calculation of rebate is as follows:

source: Bank Negara Malaysia

Jumlah wang dipinjam:

Kadar faedah:
Tempoh bayaran Balik:

RM15000
10% setahun
9 tahun (108 bulan)

Faedah dikenakan

= (Jumlah dipinjam) x (Kadar Faedah) x (tahun)

= RM15000 x 10% x 9
= RM13500

Ansuran bulanan

= (Jumlah dipinjam) + (Faedah dikenakan)

Tempoh bayaran balik (bulan)
= RM15000 + RM13500
108
= RM263.89

Rebat ke atas Faedah

= (Faedah dikenakan) x (1 + 2 + 3 + .....n)

(1 + 2 + 3 + .....108)
di mana:
n = baki tempoh bayaran balik (dalam bulan)
k = tempoh bayaran balik asal
= RM13500 x (1 + 2 + 3 + .....59)
(1 + 2 + 3 + .....108)
= RM 13500 x 1770
5886
= 4059.63

Jumlah patut dibayar

= (Jumlah dipinjam + Faedah dikenakan) (Rebat ke atas faedah)

= (RM15000 + RM13500) RM4059.63
= RM24440.37

Baki penyelesaian

= (Jumlah patut dibayar) (Jumlah sudah dibayar)

= RM24440.37 RM12930.61
= RM11509.76

Loan Amount
Monthly Payment
Number of Month
Monthly Payment
Total Final Charge

: RM15000
: RM263.89
: 108
: RM263.89
: RM13500

Interest left
to Pay

Cum. Int.
Paid

End Balance

Principal

Monthly
Rate

Interest

Start Balance

Month

Payment Schedule

15000

247.71 19.8167 % 16.18

14983.82 247.71

13252.41

14983.82 245.42 19.6544 % 18.47

14965.35 493.13

13006.99

14965.35 243.12 19.4947 % 20.77

14944.58 736.25

12763.87

14944.58 240.83 19.3377 % 23.06

14921.52 977.08

12523.04

14921.52 238.53 19.1831 % 25.36

14896.16 1215.61

12284.51

14896.16 236.24 19.0310 % 27.65

14868.51 1451.85

12048.27

14868.51 233.95 18.8813 % 29.94

14838.57 1685.80

11814.32

14838.57 231.65 18.7339 % 32.24

14806.33 1917.45

11582.67

14806.33 229.36 18.5888 % 34.53

14771.80 2146.81

11353.31

10

14771.80 227.07 18.4459 % 36.82

14734.98 2373.88

11126.24

11

14734.98 224.77 18.3052 % 39.12

14695.86 2598.65

10901.47

12

14695.86 222.48 18.1667 % 41.41

14654.45 2821.13

10678.99

13

14654.45 220.19 18.0302 % 43.70

14610.75 3041.32

10458.80

14

14610.75 217.89 17.8957 % 46.00

14564.75 3259.21

10240.91

15

14564.75 215.60 17.7633 % 48.29

14516.46 3474.81

10025.31

16

14516.46 213.30 17.6328 % 50.59

14465.87 3688.11

9812.01

17

14465.87 211.01 17.5042 % 52.88

14412.99 3899.12

9601.00

18

14412.99 208.72 17.3774 % 55.17

14357.82 4107.84

9392.28

19

14357.82 206.42 17.2525 % 57.47

14300.35 4314.26

9185.86

20

14300.35 204.13 17.1294 % 59.76

14240.59 4518.39

8981.73

21

14240.59 201.84 17.0080 % 62.05

14178.54 4720.23

8779.89

22

14178.54 199.54 16.8883 % 64.35

14114.19 4919.77

8580.35

23

14114.19 197.25 16.7703 % 66.64

14047.55 5117.02

8383.10

24

14047.55 194.96 16.6539 % 68.93

13978.62 5311.98

8188.14

25

13978.62 192.66 16.5392 % 71.23

13907.39 5504.64

7995.48

26

13907.39 190.37 16.4260 % 73.52

13833.87 5695.01

7805.11

27

13833.87 188.08 16.3143 % 75.81

13758.06 5883.09

7617.03

28

13758.06 185.78 16.2042 % 78.11

13679.95 6068.87

7431.25

29

13679.95 183.49 16.0955 % 80.40

13599.55 6252.36

7247.76

30

13599.55 181.19 15.9883 % 82.70

13516.85 6433.55

7066.57

31

13516.85 178.90 15.8825 % 84.99

13431.86 6612.45

6887.67

32

13431.86 176.61 15.7780 % 87.28

13344.58 6789.06

6711.06

33

13344.58 174.31 15.6750 % 89.58

13255.00 6963.37

6536.75

34

13255.00 172.02 15.5733 % 91.87

13163.13 7135.39

6364.73

35

13163.13 169.73 15.4729 % 94.16

13068.97 7305.12

6195.00

36

13068.97 167.43 15.3738 % 96.46

12972.51 7472.55

6027.57

37

12972.51 165.14 15.2759 % 98.75

12873.76 7637.69

5862.43

38

12873.76 162.85 15.1793 % 101.04 12772.72 7800.54

5699.58

39

12772.72 160.55 15.0839 % 103.34 12669.38 7961.09

5539.03

40

12669.38 158.26 14.9897 % 105.63 12563.75 8119.35

5380.77

41

12563.75 155.96 14.8966 % 107.93 12455.82 8275.31

5224.81

42

12455.82 153.67 14.8048 % 110.22 12345.60 8428.98

5071.14

43

12345.60 151.38 14.7140 % 112.51 12233.09 8580.36

4919.76

44

12233.09 149.08 14.6243 % 114.81 12118.28 8729.44

4770.68

45

12118.28 146.79 14.5358 % 117.10 12001.18 8876.23

4623.89

46

12001.18 144.50 14.4482 % 119.39 11881.79 9020.73

4479.39

47

11881.79 142.20 14.3618 % 121.69 11760.10 9162.93

4337.19

48

11760.10 139.91 14.2764 % 123.98 11636.12 9302.84

4197.28

49

11636.12 137.62 14.1919 % 126.27 11509.85 9440.46

4059.66

50

11509.85 135.32 14.1085 % 128.57 11381.28 9575.78

3924.34

51

11381.28 133.03 14.0261 % 130.86 11250.42 9708.81

3791.31

52

11250.42 130.74 13.9446 % 133.15 11117.27 9839.55

3660.57

53

11117.27 128.44 13.8640 % 135.45 10981.82 9967.99

3532.13

54

10981.82 126.15 13.7844 % 137.74 10844.08 10094.14 3405.98

55

10844.08 123.85 13.7057 % 140.04 10704.04 10217.99 3282.13

56

10704.04 121.56 13.6278 % 142.33 10561.71 10339.55 3160.57

57

10561.71 119.27 13.5509 % 144.62 10417.09 10458.82 3041.30

58

10417.09 116.97 13.4748 % 146.92 10270.17 10575.79 2924.33

59

10270.17 114.68 13.3996 % 149.21 10120.96 10690.47 2809.65

60

10120.96 112.39 13.3252 % 151.50 9969.46

10802.86 2697.26

61

9969.46

110.09 13.2516 % 153.80 9815.66

10912.95 2587.17

62

9815.66

107.80 13.1788 % 156.09 9659.57

11020.75 2479.37

63

9659.57

105.51 13.1069 % 158.38 9501.19

11126.26 2373.86

64

9501.19

103.21 13.0357 % 160.68 9340.51

11229.47 2270.65

65

9340.51

100.92 12.9652 % 162.97 9177.54

11330.39 2169.73

66

9177.54

98.62

12.8956 % 165.27 9012.27

11429.01 2071.11

67

9012.27

96.33

12.8267 % 167.56 8844.71

11525.34 1974.78

68

8844.71

94.04

12.7585 % 169.85 8674.86

11619.38 1880.74

69

8674.86

91.74

12.6910 % 172.15 8502.71

11711.12 1789.00

70

8502.71

89.45

12.6243 % 174.44 8328.27

11800.57 1699.55

71

8328.27

87.16

12.5582 % 176.73 8151.54

11887.73 1612.39

72

8151.54

84.86

12.4928 % 179.03 7972.51

11972.59 1527.53

73

7972.51

82.57

12.4281 % 181.32 7791.19

12055.16 1444.96

74

7791.19

80.28

12.3641 % 183.61 7607.58

12135.44 1364.68

75

7607.58

77.98

12.3007 % 185.91 7421.67

12213.42 1286.70

76

7421.67

75.69

12.2380 % 188.20 7233.47

12289.11 1211.01

77

7233.47

73.40

12.1759 % 190.49 7042.98

12362.51 1137.61

78

7042.98

71.10

12.1145 % 192.79 6850.19

12433.61 1066.51

79

6850.19

68.81

12.0536 % 195.08 6655.11

12502.42 997.70

80

6655.11

66.51

11.9934 % 197.38 6457.73

12568.93 931.19

81

6457.73

64.22

11.9337 % 199.67 6258.06

12633.15 866.97

82

6258.06

61.93

11.8747 % 201.96 6056.10

12695.08 805.04

83

6056.10

59.63

11.8162 % 204.26 5851.84

12754.71 745.41

84

5851.84

57.34

11.7583 % 206.55 5645.29

12812.05 688.07

85

5645.29

55.05

11.7010 % 208.84 5436.45

12867.10 633.02

86

5436.45

52.75

11.6442 % 211.14 5225.31

12919.85 580.27

87

5225.31

50.46

11.5880 % 213.43 5011.88

12970.31 529.81

88

5011.88

48.17

11.5323 % 215.72 4796.16

13018.48 481.64

89

4796.16

45.87

11.4772 % 218.02 4578.14

13064.35 435.77

90

4578.14

43.58

11.4226 % 220.31 4357.83

13107.93 392.19

91

4357.83

41.28

11.3684 % 222.61 4135.22

13149.21 350.91

92

4135.22

38.99

11.3149 % 224.90 3910.32

13188.20 311.92

93

3910.32

36.70

11.2618 % 227.19 3683.13

13224.90 275.22

94

3683.13

34.40

11.2092 % 229.49 3453.64

13259.30 240.82

95

3453.64

32.11

11.1571 % 231.78 3221.86

13291.41 208.71

96

3221.86

29.82

11.1054 % 234.07 2987.79

13321.23 178.89

97

2987.79

27.52

11.0543 % 236.37 2751.42

13348.75 151.37

98

2751.42

25.23

11.0036 % 238.66 2512.76

13373.98 126.14

99

2512.76

22.94

10.9534 % 240.95 2271.81

13396.92 103.20

100 2271.81

20.64

10.9036 % 243.25 2028.56

13417.56 82.56

101 2028.56

18.35

10.8543 % 245.54 1783.02

13435.91 64.21

102 1783.02

16.06

10.8054 % 247.83 1535.19

13451.97 48.15

103 1535.19

13.76

10.7569 % 250.13 1285.06

13465.73 34.39

104 1285.06

11.47

10.7089 % 252.42 1032.64

13477.20 22.92

105 1032.64

9.17

10.6613 % 254.72 777.92

13486.37 13.75

106 777.92

6.88

10.6141 % 257.01 520.91

13493.25 6.87

107 520.91

4.59

10.5673 % 259.30 261.61

13497.84 2.28

108 261.61

2.29

10.5207 % 261.61 0.00

13500.12 0

Loan Amount
Total Finance Charge
Number of Month
Monthly Payment
Total Final Charge

: RM15000
: RM13500
: 108
: RM263.89
: RM13500

Interest left
to Pay

Cum. Int.
Paid

End Balance

Principal

Monthly
Rate

Interest

Start
Balance

Month

Payment Schedule

15000

247.71 19.8165 % 16.18

14983.82 247.71

13252.29

14983.82 245.41 19.6542 % 18.48

14965.34 493.12

13006.88

14965.34 243.12 19.4946 % 20.77

14944.57 736.24

12763.76

14944.57 240.83 19.3375 % 23.06

14921.51 977.07

12522.93

14921.51 238.53 19.1829 % 25.36

14896.15 1215.60

12284.40

14896.15 236.24 19.0308 % 27.65

14868.50 1451.84

12048.16

14868.50 233.94 18.8811 % 29.95

14838.55 1685.78

11814.22

14838.55 231.65 18.7337 % 32.24

14806.31 1917.43

11582.57

14806.31 229.36 18.5887 % 34.53

14771.78 2146.79

11353.21

10

14771.78 227.06 18.4458 % 36.83

14734.95 2373.85

11126.15

11

14734.95 224.77 18.3051 % 39.12

14695.83 2598.62

10901.38

12

14695.83 222.48 18.1665 % 41.41

14654.42 2821.10

10678.90

13

14654.42 220.18 18.0301 % 43.71

14610.71 3041.28

10458.72

14

14610.71 217.89 17.8956 % 46.00

14564.71 3259.17

10240.83

15

14564.71 215.60 17.7632 % 48.29

14516.42 3474.77

10025.23

16

14516.42 213.30 17.6327 % 50.59

14465.83 3688.07

9811.93

17

14465.83 211.01 17.5041 % 52.88

14412.95 3899.08

9600.92

18

14412.95 208.72 17.3773 % 55.17

14357.78 4107.80

9392.20

19

14357.78 206.42 17.2524 % 57.47

14300.31 4314.22

9185.78

20

14300.31 204.13 17.1293 % 59.76

14240.55 4518.35

8981.65

21

14240.55 201.83 17.0079 % 62.06

14178.49 4720.18

8779.82

22

14178.49 199.54 16.8882 % 64.35

14114.14 4919.72

8580.28

23

14114.14 197.25 16.7702 % 66.64

14047.50 5116.97

8383.03

24

14047.50 194.95 16.6538 % 68.94

13978.56 5311.92

8188.08

25

13978.56 192.66 16.5391 % 71.23

13907.33 5504.58

7995.42

26

13907.33 190.37 16.4259 % 73.52

13833.81 5694.95

7805.05

27

13833.81 188.07 16.3142 % 75.82

13757.99 5883.02

7616.98

28

13757.99 185.78 16.2041 % 78.11

13679.88 6068.80

7431.20

29

13679.88 183.49 16.0954 % 80.40

13599.48 6252.29

7247.71

30

13599.48 181.19 15.9882 % 82.70

13516.78 6433.48

7066.52

31

13516.78 178.90 15.8824 % 84.99

13431.79 6612.38

6887.62

32

13431.79 176.61 15.7780 % 87.28

13344.51 6788.99

6711.01

33

13344.51 174.31 15.6749 % 89.58

13254.93 6963.30

6536.70

34

13254.93 172.02 15.5732 % 91.87

13163.06 7135.32

6364.68

35

13163.06 169.72 15.4728 % 94.17

13068.89 7305.04

6194.96

36

13068.89 167.43 15.3737 % 96.46

12972.43 7472.47

6027.53

37

12972.43 165.14 15.2759 % 98.75

12873.68 7637.61

5862.39

38

12873.68 162.84 15.1793 % 101.05 12772.63 7800.45

5699.55

39

12772.63 160.55 15.0839 % 103.34 12669.29 7961.00

5539.00

40

12669.29 158.26 14.9897 % 105.63 12563.66 8119.26

5380.74

41

12563.66 155.96 14.8966 % 107.93 12455.73 8275.22

5224.78

42

12455.73 153.67 14.8047 % 110.22 12345.51 8428.89

5071.11

43

12345.51 151.38 14.7140 % 112.51 12233.00 8580.27

4919.73

44

12233.00 149.08 14.6243 % 114.81 12118.19 8729.35

4770.65

45

12118.19 146.79 14.5357 % 117.10 12001.09 8876.14

4623.86

46

12001.09 144.50 14.4482 % 119.39 11881.70 9020.64

4479.36

47

11881.70 142.20 14.3618 % 121.69 11760.01 9162.84

4337.16

48

11760.01 139.91 14.2763 % 123.98 11636.03 9302.75

4197.25

49

11636.03 137.61 14.1919 % 126.28 11509.75 9440.36

4059.64

50

11509.75 135.32 14.1085 % 128.57 11381.18 9575.68

3924.32

51

11381.18 133.03 14.0261 % 130.86 11250.32 9708.71

3791.29

52

11250.32 130.73 13.9446 % 133.16 11117.16 9839.44

3660.56

53

11117.16 128.44 13.8640 % 135.45 10981.71 9967.88

3532.12

54

10981.71 126.15 13.7844 % 137.74 10843.97 10094.03 3405.97

55

10843.97 123.85 13.7057 % 140.04 10703.93 10217.88 3282.12

56

10703.93 121.56 13.6279 % 142.33 10561.60 10339.44 3160.56

57

10561.60 119.27 13.5509 % 144.62 10416.98 10458.71 3041.29

58

10416.98 116.97 13.4748 % 146.92 10270.06 10575.68 2924.32

59

10270.06 114.68 13.3996 % 149.21 10120.85 10690.36 2809.64

60

10120.85 112.39 13.3252 % 151.50 9969.35

10802.75 2697.25

61

9969.35

110.09 13.2516 % 153.80 9815.55

10912.84 2587.16

62

9815.55

107.80 13.1789 % 156.09 9659.46

11020.64 2479.36

63

9659.46

105.50 13.1069 % 158.39 9501.07

11126.14 2373.86

64

9501.07

103.21 13.0357 % 160.68 9340.39

11229.35 2270.65

65

9340.39

100.92 12.9653 % 162.97 9177.42

11330.27 2169.73

66

9177.42

98.62

12.8956 % 165.27 9012.15

11428.89 2071.11

67

9012.15

96.33

12.8267 % 167.56 8844.59

11525.22 1974.78

68

8844.59

94.04

12.7585 % 169.85 8674.74

11619.26 1880.74

69

8674.74

91.74

12.6911 % 172.15 8502.59

11711.00 1789.00

70

8502.59

89.45

12.6243 % 174.44 8328.15

11800.45 1699.55

71

8328.15

87.16

12.5583 % 176.73 8151.42

11887.61 1612.39

72

8151.42

84.86

12.4929 % 179.03 7972.39

11972.47 1527.53

73

7972.39

82.57

12.4282 % 181.32 7791.07

12055.04 1444.96

74

7791.07

80.28

12.3642 % 183.61 7607.46

12135.32 1364.68

75

7607.46

77.98

12.3008 % 185.91 7421.55

12213.30 1286.70

76

7421.55

75.69

12.2381 % 188.20 7233.35

12288.99 1211.01

77

7233.35

73.39

12.1760 % 190.50 7042.85

12362.38 1137.62

78

7042.85

71.10

12.1146 % 192.79 6850.06

12433.48 1066.52

79

6850.06

68.81

12.0537 % 195.08 6654.98

12502.29 997.71

80

6654.98

66.51

11.9935 % 197.38 6457.60

12568.80 931.20

81

6457.60

64.22

11.9339 % 199.67 6257.93

12633.02 866.98

82

6257.93

61.93

11.8748 % 201.96 6055.97

12694.95 805.05

83

6055.97

59.63

11.8164 % 204.26 5851.71

12754.58 745.42

84

5851.71

57.34

11.7585 % 206.55 5645.16

12811.92 688.08

85

5645.16

55.05

11.7012 % 208.84 5436.32

12866.97 633.03

86

5436.32

52.75

11.6444 % 211.14 5225.18

12919.72 580.28

87

5225.18

50.46

11.5882 % 213.43 5011.75

12970.18 529.82

88

5011.75

48.17

11.5325 % 215.72 4796.03

13018.35 481.65

89

4796.03

45.87

11.4774 % 218.02 4578.01

13064.22 435.78

90

4578.01

43.58

11.4228 % 220.31 4357.70

13107.80 392.20

91

4357.70

41.28

11.3687 % 222.61 4135.09

13149.08 350.92

92

4135.09

38.99

11.3151 % 224.90 3910.19

13188.07 311.93

93

3910.19

36.70

11.2620 % 227.19 3683.00

13224.77 275.23

94

3683.00

34.40

11.2094 % 229.49 3453.51

13259.17 240.83

95

3453.51

32.11

11.1574 % 231.78 3221.73

13291.28 208.72

96

3221.73

29.82

11.1058 % 234.07 2987.66

13321.10 178.90

97

2987.66

27.52

11.0546 % 236.37 2751.29

13348.62 151.38

98

2751.29

25.23

11.0040 % 238.66 2512.63

13373.85 126.15

99

2512.63

22.94

10.9538 % 240.95 2271.68

13396.79 103.21

100 2271.68

20.64

10.9041 % 243.25 2028.43

13417.43 82.57

101 2028.43

18.35

10.8549 % 245.54 1782.89

13435.78 64.22

102 1782.89

16.06

10.8061 % 247.83 1535.06

13451.84 48.16

103 1535.06

13.76

10.7577 % 250.13 1284.93

13465.60 34.40

104 1284.93

11.47

10.7099 % 252.42 1032.51

13477.07 22.93

105 1032.51

9.17

10.6625 % 254.72 777.79

13486.24 13.76

106 777.79

6.88

10.6158 % 257.01 520.78

13493.12 6.88

107 520.78

4.59

10.5699 % 259.30 261.48

13497.71 2.29

108 261.48

2.29

10.5258 % 261.48 0.00

13500