There are 5 steps involved to apply online. The steps are listed below with some descriptions.
Step 1: Set Up Profile
This is where you provide your email and name plus other relevant details to set up a profile (create an account) in the online loan application. With this profile, you can check your loan status online and apply for another loan without keying in your particulars again.
Step 2: Your Vehicle Information
Provide Hong Leong Bank with the information of the car you want to purchase, as well as the loan term and amount.
Step 3: Applicant Personal Information
Details of yourself, examples are home address, contact information, etc.
Step 4: Applicant Employment Information
Your employment details, whether you are under employment, or having your own business, or unemployed. Details of income earned, start date of employment / business, etc is required here.
*Step 5: Any other Information?
In the Auto Loan payment Calculator, please ensure that loan margin guide is hyperlinked to the newest terms.
If you are below 21 years old or are unemployed, we will need you to provide us with a guarantor. You will be able to see two additional steps involved which are Guarantor Personal Information and Guarantor Employment Information, before the Preview and Submit Step.
In order to apply online, your browser must support SSL (Secure Sockets Layer) protocol (most browsers do). With the SSL protocol, your application information will be encrypted prior to transfer to us, thereby providing you with an additional assurance of privacy and security.
We understand the importance of handling customer's information in a professional and confidential manner. We know that privacy is an important element of our customers' confidence in us and we understand that our customers expect us to retain their personal financial information responsibly.
Apart from enabling Auto loan applications at users' convenience, users will be delighted with our prompt services, competitive interest rates and many other benefits.
Users should find this Hire Purchase Online Loan Application easy to fill out. Just complete the loan application form. There are guides throughout the whole process.
Hong Leong Bank Berhad will evaluate each loan application based on its merits and demerits. Generally, the approval is based on applicants' personal resources, repayment capabilities, past payment patterns, legislative and Hong Leong Bank Berhad's requirements.
All applications will be given prompt attention and an indicative approval will be granted within 1 working day or even less if criteria are met.
Hong Leong Bank Berhad will finance all popular passenger motor vehicles and selected commercial vehicles.
Loan terms up to 108 months.
No, this is not necessary.
You are required to furnish their personal and income documents (details of documents needed will be made known upon approval).
This is prohibited under the Hire Purchase Act. However, a guarantor can be provided if required.
You can check their car loan application status via the Internet at anytime and anywhere at you' most convenience.
Approval is good for 30 days. However, Hong Leong Bank Berhad reserves the rights to withdraw the loan approval and / or to vary the loan terms and conditions without prior notice.
No. However, there is a JPJ transfer fee and runner fee, ranging from RM240 to RM300.
Payments can be made through Online Banking, Interbank GIRO (MEP IBG), Automated Teller Machine (ATM), Standing Instruction facility, Cash Deposit Machine, Cheque Deposit Machine or at any of our Hong Leong Bank branches.
Successful applicants may open a Savings Account and maintain a Standing Instruction (SI) for automatic monthly payments.