TEKUN Loan Calculator 2026
Calculate your exact monthly repayment for any TEKUN loan — SPUMI, TEKUN Niaga, SPOT, or Teman TEKUN. Enter your loan amount and tenure below.
TEKUN Loan Calculator
Calculate your exact monthly repayment
Monthly Repayment
RM 1,000
4% flat rate
Total Interest
RM 10,000
Effective rate: ~1.6% p.a.
Total Repayment
RM 60,000
True Monthly Outflow (Including TEKUN Charges)
*Mandatory savings are returned to you after your loan is fully repaid.
We'll help you choose the right TEKUN scheme
Disclaimer: Interest rates, loan amounts, and eligibility requirements shown are indicative and subject to change. Contact the respective bank or institution directly for the latest rates and terms. Last reviewed: January 2026.
How TEKUN Interest Is Calculated
TEKUN uses a flat rate method, which is simpler than the reducing balance method used by banks:
| Component | Formula |
|---|---|
| Total interest | Loan Amount × Rate × Tenure (years) |
| Total repayment | Loan Amount + Total Interest |
| Monthly repayment | Total Repayment ÷ Number of Months |
Example: RM50,000 loan at 4% for 5 years:
- Total interest = RM50,000 × 4% × 5 = RM10,000
- Total repayment = RM50,000 + RM10,000 = RM60,000
- Monthly repayment = RM60,000 ÷ 60 = RM1,000/month
Flat Rate vs Effective Rate
TEKUN's 4% flat rate translates to approximately 7.2% effective interest rate (EIR). This means TEKUN loans are slightly more expensive than they appear when compared to bank loans that quote effective rates. However, TEKUN requires no collateral, no credit check, and has far simpler approval — making the higher effective rate worthwhile for entrepreneurs who cannot access bank financing.
| Rate Type | TEKUN (4% flat) | Bank Loan (7% effective) |
|---|---|---|
| Monthly payment (RM50k, 5 yrs) | RM1,000 | RM990 |
| Total interest paid | RM10,000 | RM9,406 |
| Total cost difference | — | RM594 cheaper |
| Collateral required? | ❌ No | ✅ Usually yes |
| Credit check? | ❌ No CCRIS/CTOS | ✅ Yes |
| Approval difficulty | Easy | Moderate-Hard |
Verdict: TEKUN costs RM594 more on a RM50,000 loan over 5 years vs a typical bank loan — but if you can't get the bank loan in the first place, TEKUN is the clear winner.
TEKUN Repayment Tables by Scheme
TEKUN Niaga & SPUMI — 4% Flat Rate
| Loan Amount | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| RM1,000 | RM87 | RM45 | RM31 | RM24 | RM20 |
| RM3,000 | RM260 | RM135 | RM94 | RM73 | RM60 |
| RM5,000 | RM433 | RM225 | RM156 | RM121 | RM100 |
| RM10,000 | RM867 | RM450 | RM311 | RM242 | RM200 |
| RM15,000 | RM1,300 | RM675 | RM467 | RM363 | RM300 |
| RM20,000 | RM1,733 | RM900 | RM622 | RM483 | RM400 |
| RM30,000 | RM2,600 | RM1,350 | RM933 | RM725 | RM600 |
| RM50,000 | RM4,333 | RM2,250 | RM1,556 | RM1,208 | RM1,000 |
| RM75,000 | RM6,500 | RM3,375 | RM2,333 | RM1,813 | RM1,500 |
| RM100,000 | RM8,667 | RM4,500 | RM3,111 | RM2,417 | RM2,000 |
TEKUN Niaga — Extended Tenure (Up to 10 Years)
For TEKUN Niaga loans with longer tenure:
| Loan Amount | 6 Years | 7 Years | 8 Years | 10 Years |
|---|---|---|---|---|
| RM30,000 | RM517 | RM457 | RM413 | RM350 |
| RM50,000 | RM861 | RM762 | RM688 | RM583 |
| RM75,000 | RM1,292 | RM1,143 | RM1,031 | RM875 |
| RM100,000 | RM1,722 | RM1,524 | RM1,375 | RM1,167 |
SPOT (Online Entrepreneurs) — 3% Flat Rate
| Loan Amount | 1 Year | 2 Years | 3 Years | 5 Years |
|---|---|---|---|---|
| RM1,000 | RM86 | RM44 | RM31 | RM19 |
| RM5,000 | RM429 | RM221 | RM153 | RM97 |
| RM10,000 | RM858 | RM442 | RM306 | RM193 |
| RM20,000 | RM1,717 | RM883 | RM611 | RM387 |
Total Interest Cost by Amount and Tenure
This table shows how much interest you'll pay in total — helping you decide the optimal loan tenure:
| Loan Amount | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|
| RM5,000 | RM200 | RM400 | RM600 | RM1,000 | RM2,000 |
| RM10,000 | RM400 | RM800 | RM1,200 | RM2,000 | RM4,000 |
| RM20,000 | RM800 | RM1,600 | RM2,400 | RM4,000 | RM8,000 |
| RM50,000 | RM2,000 | RM4,000 | RM6,000 | RM10,000 | RM20,000 |
| RM100,000 | RM4,000 | RM8,000 | RM12,000 | RM20,000 | RM40,000 |
Strategy tip: With flat rate, total interest increases proportionally with tenure. A 5-year loan costs exactly 5× the interest of a 1-year loan. Choose the shortest tenure your cash flow can handle to minimise total cost.
Additional Costs to Factor In
Your actual monthly payment is higher than the basic calculation because TEKUN charges additional mandatory contributions:
| Cost | Amount | Frequency | Notes |
|---|---|---|---|
| Loan repayment | Per table above | Monthly | Principal + interest |
| Management Fund | 4% of loan value per year | Paid with repayments | Mandatory contribution |
| Mandatory Savings | 5% of loan value per year | Paid with repayments | Returned after full repayment |
| Insurance | Included | During loan period | Life & accident coverage |
True Monthly Cost Example (RM50,000 over 5 Years)
| Component | Annual | Monthly |
|---|---|---|
| Loan repayment | RM12,000 | RM1,000 |
| Management Fund (4%) | RM2,000 | RM167 |
| Mandatory Savings (5%) | RM2,500 | RM208 |
| Total monthly outflow | — | RM1,375 |
Important: The RM208/month in mandatory savings is returned to you after your loan is fully repaid. Think of it as forced savings — your actual cost is RM1,167/month, not RM1,375.
Which TEKUN Scheme Should You Choose?
| Your Situation | Best Scheme | Amount | Rate |
|---|---|---|---|
| Indian entrepreneur, need up to RM100k | SPUMI | RM1k – RM100k | 4% |
| Indian entrepreneur, scaling business | SPUMI Goes Big | RM50k – RM500k | 4% |
| Bumiputera entrepreneur | TEKUN Niaga | RM1k – RM100k | 4% |
| Online business (Shopee, Lazada, etc.) | SPOT | RM1k – RM20k | 3% |
| Group of 5 entrepreneurs | Teman TEKUN | Up to RM50k each | 4% |
| Chinese entrepreneur (new 2026) | Chinese PMKS | TBA | TBA |
Frequently Asked Questions
What is the interest rate for TEKUN loan?
TEKUN charges 4% per annum flat rate for most schemes (TEKUN Niaga, SPUMI, Teman TEKUN). The SPOT scheme for online entrepreneurs charges 3% per annum flat rate. These are flat rates — the effective interest rate (EIR) is approximately 7.2% for 4% flat and 5.4% for 3% flat.
How much is the monthly payment for RM10,000 TEKUN loan?
For RM10,000 at 4% flat rate: 3 years = RM311/month, 5 years = RM200/month. Add approximately RM75/month for Management Fund and mandatory savings (savings is refundable).
Berapa bayaran bulanan TEKUN RM50,000 selama 5 tahun?
Bayaran bulanan untuk pinjaman TEKUN RM50,000 pada kadar 4% flat selama 5 tahun ialah RM1,000/bulan (pokok + faedah). Tambahan anggaran RM375/bulan untuk Tabung Pengurusan dan simpanan wajib. Jumlah faedah keseluruhan: RM10,000. Simpanan wajib RM2,500/tahun akan dipulangkan selepas pinjaman selesai dibayar.
Can I repay my TEKUN loan early?
Yes. TEKUN allows early settlement without penalty. You can repay at TEKUN branch offices, BSN, Maybank, Bank Rakyat, Agrobank, or Pos Malaysia. Early repayment reduces your total interest cost proportionally since it's a flat rate calculation.
Is TEKUN loan cheaper than a bank loan?
On paper, TEKUN's 4% flat rate equals approximately 7.2% effective rate — which is comparable to or slightly higher than most bank SME loans (5-8% effective). However, TEKUN requires no collateral and no credit check, making it accessible to entrepreneurs who cannot qualify for bank financing. The true cost comparison should factor in what alternatives are realistically available to you.
Apply for TEKUN Financing
Ready to apply? Visit your nearest TEKUN branch with your MyKad and business documents.
Need Help Choosing the Right Financing?
Not sure if TEKUN is the best option for you? Our consultants compare TEKUN, bank loans, and government schemes — free advice, no fees.
Need a bank loan calculator? For GGSM MADANI, WCGS-Women, or other bank-based schemes, use our MADANI Loan Calculator — includes SJPP guarantee fee calculations and scheme comparison.
Related Resources
- TEKUN Loan Malaysia 2026 — Complete TEKUN guide (all schemes)
- TEKUN Loan for Indian Entrepreneurs — SPUMI detailed guide
- SME Loan Calculator — Compare bank loan repayments
- Micro SME Loan Malaysia — All micro-financing options
- SME Loan for New Business — Startup financing pathways
Last verified: February 2026. Calculations based on TEKUN Nasional's published 4% flat rate (TEKUN Niaga/SPUMI) and 3% flat rate (SPOT). Additional charges (Management Fund 4%, Mandatory Savings 5%) sourced from TEKUN official website. Contact TEKUN at 03-9059 9292 for confirmation of current rates and terms.