Refinance & consolidate
If you own property, refinancing it to absorb your credit cards and personal loans can mean a much lower rate than any unsecured consolidation loan. It also means that debt becomes secured against your home — so this calculator walks you through both sides before you decide.
This determines whether refinancing is even on the table.
Do you still have a mortgage on this property?Used to estimate the maximum tenure a bank would typically offer.
Your credit cards and personal loans — the ones this refinance would replace.
Total outstanding balance to consolidateCommon questions
Not necessarily. A lower rate stretched over a much longer tenure (up to 35 years, vs. 3–5 for an unsecured loan) can still cost more in total interest. This calculator estimates total interest paid, not just the monthly instalment, so you can compare properly.
Most Malaysian mortgages charge around 2% of the outstanding balance as an early settlement penalty if refinanced during lock-in — typically the first 3–5 years. This calculator factors that in, but confirm the exact clause in your own loan agreement.
Yes — refinancing converts unsecured debt (credit cards, personal loans) into debt secured against your property. If you default on the refinanced loan, the consequences are more serious than defaulting on an unsecured facility.