Hong Leong Personal Loan
Get 20% cashback on interest paid, with financing of up to RM250,000.
Calculate your monthly repayment
Fees and Charges
Eligibility
- Salaried employee & self-employed
- Copy of identity card (front & back)
- Latest 1 month salary slip
- Latest 12 months EPF statement
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Copy of identity card (front & back)
- Business Registration Certificate (SSM) / Forms 9, 24 and 49 / M&A
- Latest B/BE Form with official tax receipt
- Latest 6 months bank statement
- Optional rental income document
- Latest 6 months EPF statement
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 5,000 - RM 250,000 | 24 - 60 months | min. RM 24,000 | 8.50% p.a. - 10.50% p.a. |
Terms and Conditions
Product Review by CompareHero
Why apply for Hong Leong Personal Loan?
Hong Leong Personal Loan offers financing limits up to RM250,000 and a repayment tenure of up to 5 years. No guarantor or collateral is required, and applicants who pay every instalment on or before the due date qualify for 20% cashback on interest paid.
Who can apply for Hong Leong Personal Loan?
This loan is designed for working Malaysians, whether employed locally or working in Singapore. Applicants must be Malaysians aged 21 to 60, and either employed or self-employed (including sole proprietors) in Malaysia with a minimum income of RM24,000 a year, or working in Singapore earning at least SGD24,000 a year.
How fast is the loan approved?
Once the application form and all required documents have been submitted, applicants can expect approval within 48 hours. Funds can be disbursed to an account held with Hong Leong Bank, or to an account at another bank of the applicant's choice. Transfers to other banks are subject to standard IBG transfer times and charges.
How are monthly instalments paid?
Repayments begin on the first day of the month following the date the loan is disbursed, and continue every month until the full amount is repaid. Payment can be made through Standing Instructions from a Current or Savings Account, internet banking via Hong Leong Connect or other banks, cash payment at MEPS terminals or via Interbank GIRO, or over the counter at branches or via a cash deposit machine.
Can the loan be paid off early?
Yes, with no penalty. Applicants need to give Hong Leong Bank 3 months' written notice, or pay 3 months' interest on the amount being redeemed, before the loan is fully terminated.
What documents are needed to apply for Hong Leong Personal Loan?
The documents required depend on the applicant's employment type and income structure.
Salaried employee with fixed income (MNC):
- Copy of IC (front and back)
- Latest 1 month's salary slip, OR
- Latest 3 months' bank statement of the salary-crediting account, OR
- Latest 3 months' EPF statement, OR
- Latest EA Form / IR Form (for Malaysians working in Singapore), OR
- Latest 2-year Form BE with matching payment receipt, or latest 2-year NOA (for Malaysians working in Singapore)
Salaried employee with fixed income (Non-MNC):
- Copy of IC (front and back)
- Latest 3 months' salary slip, AND
- Latest 3 months' bank statement of the salary-crediting account, OR
- Latest 3 months' EPF statement, OR
- Latest 2-year Form BE with matching payment receipt, or latest 2-year NOA (for Malaysians working in Singapore)
Salaried employee with variable income (MNC):
- Copy of IC (front and back)
- Latest 6 months' salary slip, OR
- Latest 6 months' commission slips, OR
- Latest 6 months' EPF statement, OR
- Latest 2-year Form BE with matching payment receipt, or latest 2-year NOA (for Malaysians working in Singapore)
Salaried employee with variable income (Non-MNC):
- Copy of IC (front and back)
- Latest 6 months' salary slip, PLUS latest 6 months' bank statement of the salary-crediting account, OR
- Latest 6 months' commission slips, PLUS latest 6 months' bank statement of the salary-crediting account, OR
- Latest 6 months' EPF statement, OR
- Latest 2-year Form BE with matching payment receipt, or latest 2-year NOA (for Malaysians working in Singapore)
Self-employed (sole proprietor, partnership, private limited, or public listed):
- Copy of IC (front and back)
- Business registration certificate showing at least 2 years of operation, OR
- Professional/practicing certificate with proof of at least 2 years of operation, OR
- Latest 2-year business license (for Sabah & Sarawak), AND
- Latest 1-year Form B with tax payment receipt, or latest 2-year Form BE with matching payment receipt, OR
- Latest 6 months' company bank statements, OR
- Latest 6 months' EPF contribution (for Sdn Bhd companies only)
- Latest Form B with matching payment receipt
- Optional: rental income document, supported by a valid tenancy agreement, latest 3 months' bank statement showing rental credit, and latest 1 month's utility bill
Can someone with a poor credit history apply?
Credit history with other financial institutions plays a role in the approval decision. CCRIS is a system that records a borrower's credit facilities, including outstanding credit cards, personal loans, home loans, and car loans, along with their repayment conduct. CTOS is a separate credit reporting agency that compiles similar financial information, often drawing from CCRIS along with other public and legal records, to generate a credit score. Neither system blacklists borrowers; they record repayment history rather than banning anyone from future borrowing.
Applicants with a history of irregular payments should focus on making payments on time going forward. Hong Leong Bank is more likely to approve an application from someone who shows they're managing their finances responsibly, rather than accumulating more debt.