Personal Loan/Financing-i: Payroll Exclusive Campaign

Personal Loan/Financing-i: Payroll Exclusive Campaign

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  • Personal Loan/Financing-i: Payroll Exclusive Campaign
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Personal Loan/Financing-i Payroll Exclusive Campaign

Personal Loan | 15 July 2020-30 June 2021

Get 50% Pay on Time rebate on total interest/profit!

Apply Now

Features and Benefits

Flat interest/profit rate at 9.98% p.a.

Savings from RM1,225

Based on RM5,000 taken over 5 years

Fast approval within 48 hours

Eligibility

  • Malaysian citizens aged between 21 and 60 years old
  • Received an invitation via electronic direct mailer (EDM) or invited by dedicated Bank staff to participate in this Campaign
  • Employed with minimum annual income of RM24,000
  • Minimum loan/financing amount is RM5,000
  • Maximum loan amount is RM250,000 (RM150,000 for Personal Financing-i)
  • Existing Customers who have no existing balance in arrears in any of their existing HLB Personal Loan and/or HLISB Personal Financing-I with the Bank prior to the Campaign Period

Interest / Profit Rate and Instalment

Interest / Profit Rate

Our rate is on a flat rate basis

Facility Approved Amount

Flat Interest/

Profit Rate Charged

Pay on time Rebate

Rate after Rebate

Facility Tenure

RM5,000 – RM250,000

9.98% p.a.

50%

4.99%p.a.

2 to 5 years

RM5,000 – RM150,000

(Personal Financing-i)

Note: Effective interest/profit rates based on flat rate 9.98% p.a. vary from 17.24% p.a. to 18.12% p.a. for loan/financing tenures of 2– 5 years.

0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.

 

Illustration of Instalments

Assuming your total approved facility amount is RM5,000 and you choose to pay over 5 years:

Illustration of Instalments
Illustration of Instalments
Illustration of Instalments

Fees & Charges

Refer to the Fees and Charges applicable below to Personal Loan/Financing-i.

For more information, you may refer to our Product Disclosure Sheet available here for Personal Loan and here for Personal Financing-i.

Description/Service

Charges/Fees*

Stamp Duty Fee

0.50% of the disbursed facility amount for every approved facility

IBG Fee

A nominal fee of RM2.00 will be charged on every Interbank Giro (IBG), if any

Late Payment Charge

1% p.a. on the arrears of outstanding for each facility (daily rest basis)

Early Settlement

No charges/fees to be imposed provided 3 months’ written notice is given to the Bank prior to the early settlement. Otherwise, payment of 3 months’ interest on the amount redeemed is applicable.

(For Personal Financing-i, payment in lieu of notice is not applicable – customers are required to provide 3 months’ written notice should they opt for early settlement)

 

Compensation Charges (applicable to Personal Financing-i)

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, if applicable

How to Apply

How to apply
  • Terms & Conditions - EN
  • Terms & Conditions - BM
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