Personal Loan | 15 July 2020-30 June 2021
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
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:



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