Hong Leong Bank


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Revision to 3-tier Retail Finance Charge and Late Payment Charge

3-tier Retail Finance Charges

Effective 1 March 2012, Hong Leong Bank will be revising the 3-tier Retail Finance Charges for all Hong Leong Bank credit cards in order to promote prudent financial management. Please pay your credit cards timely to enjoy the lower tier of finance charges.

Please refer to table below on the revised 3-tiered Retail Finance Charges:

Tier
Cardholder's payment behavior
Retail Interest Rate (%) per annum
1
Cardholders who promptly settle their minimum payment due for 12 consecutive month
15%
2
Cardholders who promptly settle their minimum payment amount due for 10 months or more in a 12-month cycle; and
17%
3
Cardholders who do not fall within the above categories.
18%

 

Late Payment Charge

Effective 1 April 2012, the Late Payment Charge for all Hong Leong Bank credit cards will also be revised to the following:

1% of the outstanding balance or RM10, whichever is higher, subject to a maximum of RM75

Please pay your credit cards promptly before the Payment Due Date, to avoid Late Payment Charge. If your payment is made via cheque or Inter-bank Giro (IBG), please allow sufficient time for cheque clearance or IBG transfer before Payment Due Date as payment will only be credited into your account upon clearance of your cheque and successful transfer of IBG.

 

 

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