Hong Leong Bank Berhad (HLB) Personal Loan

Hong Leong Bank Berhad is part of the Hong Leong Group Malaysia, one of the largest Asian conglomerates with stakes in banking, property development and investment, hospitality and leisure, principal investment, and manufacturing and distribution.

Compare Personal Loans by Hong Leong Bank Malaysia

Hong Leong is a multinational bank with 300+ Branches. They offer 13 different Credit Cards, 2 Personal Loans and 7 Mortgages.

About the loan

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Promotion Period

  • 1 November 2019 - 7 January 2020

Features & Benefits

  • Apply for a Personal Loan or Financing-i anytime, anywhere
  • Affordable Instalments over a tenure of 2 to 5 years
  • Enjoy exclusive low flat rate from 5.50% p.a. *
  • Applicable to facility amount of RM50,000 and above

Eligibility

  • Malaysian citizens
  • Between 21 to 60 years old
  • Minimum annual income - RM 24,000
  • Minimum loan or financing amount - RM 5,000
  • Maximum loan amount - RM 250,000 (Personal Loan)
  • Maximum loan amount - RM 150,000 (Financing-i)
  • Exclusively for online applicants only

* For loan or financing amount between RM 5,000 to RM 49,000 the applicable flat interest/profit rate is 6.50% p.a.

Interest / Profit Rate

Loan / Financing
Amount
Flat Interest / Profit RateLoan / Financing
Tenure
RM 5,000 - RM 49,0006.50% p.a.2 to 5 years
RM 50,000 - RM 250,000
(up to RM 150,000 Personal Financing-i)
5.50% p.a.
 Effective Interest / Profit Rate
Tenure
2 - 5 years
Effective Interest or
Profit Rates
Flat rate
5.50% p.a
vary from
10.01% p.a. - 10.23% p.a.
Flat rate 
6.50% p.a

vary from
11.68% p.a. to 12.02% p.a.

*Stamp duty - 0.5% of the facility amount will be deducted upon disbursement

Fees & Charges

ItemCharges / Fees*
Stamp Duty0.5% of the disbursed facility amount
IBG FeeRM2 for every Interbank Giro (IBG)
Late Payment Charge1% p.a. on the outstanding amount calculated on a daily rest basis
Early SettlementNo extra charges or fees if you provided 3 months' of written notice to the Bank before the early settlement.
Compensation Charges
(Personal Financing-i only)
For default payment during facility tenure = 1% p.a. on the overdue instalment amount

For default payment causing the facility to be terminated or brought to court = 1% p.a. on the outstanding balance (outstanding principal plus accrued profit)

For default payment after expiry of facility tenure = BNM Islamic Interbank Money Market (IIMM) rate on the outstanding balance (outstanding principal plus accrued profit)

For default payment post judgment = IIMM rate on the basic judgment sum

* Subject to Government Tax where applicable

Documents Required

Fill up the online form on CompareHero and submit latest:

  • 3 months' pay slip and bank statements
  • 1 year KWSP / EPF statement
  • 2 years' LHDN e-filing summary page

References

[last updated: 04 Nov 2019]

Hong Leong Malaysia has been a dynamic player in the financial service industry since it was initially established in Kuching, Sarawak in 1905. With over 100 years of banking knowledge and expertise, Hong Leong Bank Berhad has acquired leading market positions with an esteemed brand and successful business franchise.

After its merger with EON Bank Group in 2011, the bank has effectively been converted into a banking group with assets worth over RM145 billion and an extensive network of 329 branches countrywide.

During this campaign period (1 Nov 2019 - 7 Jan 2020), you can apply for a Hong Leong Bank Personal Loan or Financing-i for tenure of 2-5 years, and enjoy exclusive low flat rate from 5.50% p.a. 

The promotion is applicable to facility amount of RM50,000 and above only.

No. This campaign is only applicable for Hong Leong Bank Personal Loan / Financing-i with tenure of 2-5 years.