Simplify Your Property Plans with the Maybank Mortgage Calculator in Singapore

The Maybank Mortgage Calculator makes it easy to plan your budget, allowing you to move forward confidently with your property journey.

Buying a home in Singapore involves careful planning and long-term financial commitment. The Maybank Mortgage Calculator provides a clear way to estimate your monthly repayments.

$10,000
$1,000 $200,000
12 months
1 months 72 months
$400

Interest rates starting from as low as 3.38% p.a. (EIR from 6.32% p.a.).

Loans are subject to an administrative fee of 10% deducted upfront from the loan disbursement.

Interest Rate Table

Bank

Scheme

Lock-In Period

1st Yr Interest

2nd Yr

3rd Yr

4th Yr

Maybank

2-Year Fixed Flexi (With 30K Deposit)

2 years

2.44%

2.44%

4.00%

4.00%

Maybank

2-Year Fixed (With 30K Deposit)

2 years

2.48%

2.48%

4.00%

4.00%

Maybank

2-Year Fixed (With 30K Deposit)

2 years

2.55%

2.55%

4.00%

4.00%

Maybank

2 Year Fixed

2 years

2.70%

2.70%

4.00%

3.80%

Maybank

2 Year Fixed

2 years

3.30%

3.30%

3.80%

3.80%

 

Rates are indicative and subject to change. Please consult Maybank for the latest rates.

What Is a Mortgage Calculator?

A mortgage calculator is an essential tool that helps you estimate your monthly instalment amount based on variables like loan amount, interest rates, and loan tenure.

How Our Calculator Works

The Maybank Mortgage Calculator simplifies complex calculations by allowing you to input key details.

Ready to take the next step? Use the Maybank Mortgage Calculator today to plan your home loan with confidence.

Elements of the Mortgage Calculator

Each input generates accurate mortgage estimates tailored to your financial profile.

The total cost of the property you intend to buy. This figure sets the foundation for your loan amount and subsequent calculations.

The initial upfront amount is typically a percentage of the purchase price. A higher downpayment reduces your loan amount and your monthly instalments.

The sum you intend to borrow from the bank. It’s calculated by subtracting your downpayment from the purchase price.

The percentage charged by the bank on the loan amount. Rates can be fixed or floating, impacting your monthly and total loan repayment over time.

The duration over which you plan to repay the loan. A longer loan tenure may lower your monthly instalments but increase the total interest paid.

Benefits of Using the OMY Calculator

The OMY calculator tool can simplify complex loan decisions and support better financial planning.

1. Accurate Estimates

Provides a realistic view of your potential monthly repayment, aiding in effective budgeting.

2. Comparison Tool

This tool lets you compare interest rates and loan tenures, helping you choose the most suitable home loan for home renovation.

3. Time-Saving

Eliminates the need for manual calculations, offering instant results for better decision-making.

4. User-Friendly Interface

The calculator’s interface is designed to be simple and easy to use, offering a smooth experience even if you’re using it for the first time.

5. Financial Planning

Assists in long-term financial planning by projecting future monthly instalments and total loan repayment.

6. Customisable Inputs

It enables you to adjust variables like purchase price, downpayment, and loan tenure to see how changes affect your monthly instalment amount.

7. Accessibility

It is available online, so you can use it anytime, anywhere, without the need to visit a bank branch.

8. Educational

It enhances your understanding of how different factors influence your home loan, empowering you to make informed choices.

9. Risk Assessment

This helps you assess the affordability of a property, reducing the risk of overextending financially.

10. Preparation for Application

Prepares you for the home loan application process by clearly showing your financial obligations.

Tips for Using the Mortgage Calculator

Using the calculator effectively requires attention to detail and smart planning choices.

1. Input Accurate Data

Ensure all details, such as purchase price, downpayment, and loan tenure, are entered correctly for precise calculations.

2. Explore Different Scenarios

Try changing values like interest rates or loan tenure to understand how your monthly repayment might change.

3. Consider Additional Costs

Consider expenses like legal fees, stamp duty, and insurance when planning your budget.

4. Use as a Planning Tool

Use the calculator early in your property search to determine your affordability.

5. Stay Updated

Regularly check for updates on interest rates and loan packages to make informed decisions.

6. Consult Professionals

While the calculator is a great tool, consulting with a bank representative can provide personalised advice.

7. Understand the Terms

Familiarise yourself with terms like fixed deposit mortgage and Singapore residential financing rates to better interpret the results.

8. Plan for the Future

Think about how future changes in your income or expenses could affect your ability to keep up with monthly instalments.

9. Check Eligibility

Use the calculator to assess your eligibility for certain loan packages based on your financial profile.

10. Document Your Findings

Record scenarios you’ve explored to reference during the home loan application process.

Factors Affecting Mortgage Monthly Instalment

Your monthly payments can vary based on personal, financial, and loan-related conditions.

1. Interest Rates

Higher interest rates increase your monthly repayment.

2. Loan Amount

A larger loan amount results in higher monthly instalments.

3. Loan Tenure

Extending the loan tenure can lower monthly instalments but may increase the total interest paid.

4. Downpayment

A higher downpayment reduces the loan amount, leading to lower monthly repayments.

5. Income Stability

Your ability to consistently meet monthly instalments depends on stable income.

6. Existing Debts

Other financial obligations can impact your capacity to repay additional loans.

7. Property Type

Private property may have financing terms different from HDB flats.

8. Bank Policies

Different banks have varying criteria and fees that can affect your loan repayment.

FAQs

The calculator provides standard estimates but may not include promotional interest rates that differ from those offered by most banks. For the latest figures, refer to official updates from Maybank Home Loan advisors or check the website for current promotions.

The calculator gives indicative figures. Your actual monthly repayment may differ due to fees, income assessment, and approval criteria applied during the formal loan application.

Yes, you may input your existing home loan details to compare possible savings through Maybank Home. However, outcomes depend on property valuation, approval terms, and alignment with maximum loan tenure guidelines.

No, CPF usage is not included. You’ll need to manually deduct your CPF amount from the property price to calculate your actual amount, ensuring greater accuracy before you apply for a loan.

The calculator assumes standard financing terms and may not reflect unique scenarios like joint ownership or fixed deposit mortgage rate structures, such as fixed deposit mortgage rate packages. For these, a hassle-free consultation with a Maybank Home specialist is recommended.

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