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Based on the analysis of several familiar large integer modular multiplication algorithms,this paper proposes a new Scalable Hybrid modular multiplication (SHyb) algorithm which has scalable operands, and presents an RSA algorithm model with scalable key size. Theoretical analysis shows that SHyb algorithm requires m2n/2+2m iterations to complete an mn-bit modular multiplication with the application of an n-bit modular addition hardware circuit. The number of the required iterations can be reduced to a half of that of the scalable Montgomery algorithm. Consequently, the application scope of the RSA cryptosystem is expanded and its operation speed is enhanced based on SHyb algorithm.