🧠 What Is Progressive Interest in Malaysia?
In Malaysia, when you buy a new, under-construction property, your bank doesn’t release the full loan amount at once. Instead, payments are disbursed to the developer in stages, according to the construction progress. This is mandated by either Schedule G (for landed homes) or Schedule H (for stratified properties like apartments).
You only pay interest on the amount that has been disbursed. This is known as progressive interest. While the initial payments may seem small, the total interest can accumulate significantly over the 2 to 3 years of the construction period.
💡 Why Use This Calculator?
✅ Malaysian-specific: Aligned with local construction stages (Schedule G & H).
✅ Clear Breakdown: See your interest payments broken down by each disbursement stage.
✅ Comprehensive Simulation: Includes a full post-construction loan repayment schedule.
✅ Essential Tool: Perfect for buyers comparing projects and agents advising clients.
