How This Calculator Works
Enter Your Total Debt
Add up all high-interest debts you want to consolidate (credit cards, personal loans, BNPL, etc.)
Select Your Current Interest Rate
Choose from presets (18% for credit cards, 15% for personal loans) or enter a custom rate
See Your Potential Savings
The calculator compares your current interest to a 4% cash-out refinance rate and shows monthly, yearly, and 10-year savings
The Math: If you have RM50,000 in credit card debt at 18%, you're paying RM9,000/year in interest alone. With cash-out refinancing at 4%, that drops to RM2,000/year. That's RM7,000 saved every year - or RM583/month you can put toward actually paying off your debt.
Types of Debt You Can Consolidate
Credit Cards
15-18% p.a.
Highest priority to consolidate due to very high interest rates
BNPL Debt
18-24% p.a.
Shopee PayLater, Grab PayLater, Atome - often overlooked high-interest debt
Personal Loans
6-12% p.a.
Can save thousands by consolidating into mortgage rate
Car Loans
3-5% p.a.
Rates similar to mortgage, but consolidating simplifies payments
Why Cash-Out Refinance Has Lower Rates
Secured by Property
Your home serves as collateral, dramatically reducing the bank's risk compared to unsecured credit card debt
Longer Tenure
Mortgage rates benefit from spreading repayment over 20-30 years, resulting in lower monthly payments
Government-Regulated Rates
BNM regulates mortgage rates, keeping them competitive. Credit card rates have no such caps in Malaysia
Important: Cash-out refinancing requires you to own a property with sufficient equity. If you don't own property, consider a debt consolidation personal loan (6-12% rate) or AKPK debt management program.
Ready to Become Debt-Free?
Get a personalized quote to see exactly how much you can save by consolidating your debts.