Tools
How Much Penang Property Can You Afford?
Tell us your income and savings — we'll show you the maximum property price, the monthly instalment, and which projects fit your budget.
Car loan, credit cards, other property, PTPTN
Your estimated maximum property price
RM 938K
Constrained by your available savings
Max monthly instalment
RM 8,250
Max loan amount
RM 1.7M
Downpayment needed
RM 94K
Est. transaction costs
RM 56K
Cash needed upfront
RM 150K
Max LTV
90%
6 projects match your budget
Estimates only. Actual loan eligibility depends on credit history, employment type, and bank-specific criteria.
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How the calculation works
DSR ceiling (55%): Malaysian banks typically approve loans where total monthly debt commitments stay under 60–70% of gross income. We use 55% as a conservative working ceiling — banks may approve higher depending on credit history and employment type.
Maximum loan-to-value (LTV): Malaysian citizens and PRs typically qualify for up to 90% LTV (10% downpayment). Foreign buyers typically qualify for up to 70% LTV (30% downpayment), though some banks offer 75–80% to expats with Malaysian work passes and local income.
Transaction costs (~6%): Includes SPA stamp duty, loan agreement stamp duty, legal fees, and valuation. Actual costs vary by purchase price (stamp duty is tiered) and bank promotions.
Foreign buyer minimum: Penang Island enforces an RM1M minimum purchase price for foreigners. The calculator filters results accordingly.