Formal:
* എന്റെ പ്രിയപ്പെട്ടവളേ / എന്റെ പ്രിയപ്പെട്ടവനേ (ente priyappettavaale / ente priyappettavaane) - This is the most formal way to say "my love," literally meaning "my beloved."
* എന്റെ സ്നേഹം (ente sneham) - This translates directly to "my love" and is also a formal way to say it.
Informal:
* എന്റെ പ്രിയേ / എന്റെ പ്രിയൻ (ente priye / ente priyan) - This is a more informal way to say "my love," literally meaning "my dear."
* എന്റെ പ്രണയം (ente pranayam) - This translates to "my love," specifically romantic love, and is a more informal way to say it.
* എന്റെ കുഞ്ഞേ (ente kunje) - This translates to "my baby" and is a very affectionate and informal way to say "my love," often used by couples.
The best way to say "my love" in Malayalam depends on the relationship you have with the person and the context of the situation.