|
|
| 1. |
How secure is my online loan
application?
|
| |
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. |
| |
|
|
|
| 2. |
Will I face difficulty
in signing up online? |
| |
No, You should
find this Online Property Loan Application easy to fill up.
Just complete the loan application form. There are guidelines
throughout the whole process. |
| |
|
|
|
| 3. |
How do I qualify for
the Online Property Loan Application? |
| |
Hong Leong
Bank Berhad will evaluate each loan application based on its
merits. Generally, the approval is based on applicants' personal
resources, repayment capabilities, past payment patterns,
legislative and Hong Leong Bank Berhad's requirements. |
| |
|
|
|
| 4. |
How long
does it take to process an online application? |
| |
All application will
be given promptly attention and our Sales staff will be contacting
you within 1 working day to explain our Housing Loan Packages
and arrange for an appointment with you. |
| |
|
|
|
| 5. |
What properties do
Hong Leong Bank Berhad finance? |
| |
We finance
residential properties under the Hong Leong Housing Loan and
commercial properties under the Hong Leong Shop Loan. |
| |
|
|
|
| 6. |
What is the Loan Tenure
for Hong Leong Housing Loan? |
| |
Maximum
30 years or up to age 65. |
| |
|
|
|
| 7. |
What is
the margin of financing for Housing Loan? |
| |
Up to 90% on the purchase
price or open market value, whichever is lower and it is subject
to eligibility. |
| |
|
|
|
| 8. |
Can I apply for a combination
of term loan plus overdraft? |
| |
Yes, but the overdraft
portion must not be more than 50% of the property value. |
| |
|
|
|
| 9. |
Is the interest rate
calculated based on daily or monthly rest? |
| |
Hong Leong
Housing Loan interest rate is calculated on a daily rest basis. |
| |
|
|
|
| 10. |
What benefits can Hong
Leong Housing Loan provide? |
| |
Hong Leong Housing Loan allows flexibility of making extra
payment on your housing loan without prior notice and save
you on interest payment. It also allows you to redraw the
prepaid amount or part thereof whenever you need it.
|
| |
|
|
|
| 11. |
Can I opt for Multi-tier
Installment for Housing Loan? |
| |
Yes, however the multi-tier
installment is only applicable to completed residential properties
with value above RM100,000. |
| |
|
|
|
| 12. |
What is Zero Cost Package
offered by HLB? |
| |
Zero Cost package is
a package that frees you from paying legal fee, stamp duty
and disbursement charges. It is only applicable for purchase
or refinance of completed residential properties and the minimum
term loan amount must not be less than RM100,000. |
| |
|
|
|
| 13. |
What documents do I
need to submit? |
| |
You are required to
furnish your personal and income documents upon application.
|
| |
|
|
|
| 14. |
Can I have a joint-applicant
on the loan? |
| |
Yes. |
| |
|
|
|
| 15. |
How long is the approval
good for? |
| |
Approval
is good for 14 days from date of the Offer Letter. However,
Hong Leong Bank Berhad reserves the right to withdraw the
loan approval and/ or to vary the loan terms and conditions
without prior notice. |
| |
|
|
|
| 16. |
How do I make my monthly
payments? |
| |
Payments can be made
by standing instruction, cash, cheque at any of the Hong Leong
Bank branches nationwide or also via Hong Leong Online. |
| |
|
|
|
| 17. |
Is there an auto debit
payment option? |
| |
Yes, successful applicants need to open a Saving Account/Current
Account and maintain a Standing Instruction (SI) for automatic
monthly payments. |
| |
|
|
|
| 18. |
How long does it
take to process a loan? |
| |
2 to 3 days upon receiving
of full documents. |
| |
|
|
|
| 19. |
What is Mortgage
Decreasing Term Assurance (MDTA)? |
| |
An insurance to insure
the borrower for the loan sum or outstanding loan in case
of death or total permanent disability. |
| |
|
|
|
| 20. |
Can I finance
my Mortgage Decreasing Term Assurance (MDTA) premium?
|
| |
Yes, you can
either pay cash or add in the loan amount but it is subject
to a maximum of up to 5% of the property value or purchase
price, whichever is lower.
|
| |
|
| |
* The above is subject
to terms and conditions. |
