Shoplot loan calculator Malaysia
See the monthly instalment, total interest and down payment for a shoplot or commercial property loan.
Your results
- Monthly instalment
- RM 4,446.66
- Loan amount
- RM 800,000
- Down payment
- RM 200,000
- Total interest
- RM 533,998
- Total repayment
- RM 1,333,998
Down payment excludes stamp duty and legal fees. Use the stamp duty and legal fee calculators to add them.
For reference only, not legal, tax or financial advice. Rates can change; confirm with your lawyer, bank, tax adviser or LHDN before you sign or pay.
How it works
The calculator uses the standard amortisation formula that banks use for term loans:
M = P × r ÷ (1 − (1 + r)−n)
- P = loan amount = price × margin of finance
- r = yearly interest rate ÷ 12
- n = tenure in years × 12
- Total interest = M × n − P; down payment = price − P
Commercial property loans are often 70% to 80% margin. The interest rate here is indicative only; ask your bank for its current rate, which can be variable.
Worked example
Shoplot price RM 1,000,000, 80% margin, 4.5% a year, 25 years:
- Loan RM 800,000, down payment RM 200,000
- Monthly instalment about RM 4,446.66
- Total repayment about RM 1,333,997, of which about RM 533,997 is interest
Frequently asked questions
How much can I borrow to buy a shoplot in Malaysia?
What is the maximum tenure for a shoplot loan?
Are shoplot loan rates higher than home loan rates?
What else do I pay besides the down payment?
Related guides
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