1. What is the Personal Loan PMT Calculation?

The Personal Loan Payment (PMT) calculation determines your fixed monthly payment for a Maybank personal loan in 2025. It considers the loan amount, interest rate, and repayment period to calculate what you'll pay each month.

2. How Does the Calculator Work?

The calculator uses the PMT formula:

Where:

• \( P \) — Loan principal amount (MYR)
• \( r \) — Monthly interest rate (decimal)
• \( n \) — Number of payment periods (months)
• \( PMT \) — Monthly payment amount (MYR)

Explanation: The formula accounts for compound interest over the loan term to determine a fixed payment that will pay off the loan completely by the end of the term.

3. Importance of PMT Calculation

Details: Calculating your monthly payment helps you budget effectively, compare loan offers, and understand the total cost of borrowing before committing to a loan.

4. Using the Calculator

Tips: Enter the loan amount in MYR, monthly interest rate as a decimal (e.g., 0.01 for 1%), and the number of monthly payments. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I convert annual rate to monthly rate?
A: Divide the annual rate by 12 (months). For example, 12% annual rate = 0.12/12 = 0.01 monthly rate.

Q2: Does this include any fees or insurance?
A: No, this calculates only the principal and interest payment. Maybank may charge additional fees.

Q3: What's the maximum loan term for Maybank personal loans?
A: As of 2025, Maybank typically offers personal loans with terms up to 7 years (84 months).

Q4: Can I pay off my loan early?
A: Yes, but check with Maybank about any early settlement fees or rebates.

Q5: How accurate is this calculator?
A: This provides a close estimate, but actual payments may vary slightly based on Maybank's specific calculation methods.