Business Banking - Financing

Business Banking - Financing

The following fees are applicable to Corporate, Commercial and SMEs 

Description / Services

Rates & Charges

Commitment Fees

i) Overdraft (OD)

ii) Revolving Credit (RC)

 

i) 1.0% p.a. on unutilized amount

ii) 1.0% p.a. on unutilized amount

Excesses Fee

Overdraft Excess  

 

 

Minimum 1.00% p.a. above the prescribed rate on the amount in excess of the facility limit (from the date limit is exceeded to date ceases to exceed limit). The interest is calculated on the daily balance basis.

Prepayment Charges (before expiry of tenure)

i) Term Loan

ii) Revolving Credit

 

i) 3 months interest at prescribed rate on prepaid amount, in lieu of 3 months written notice and additional 1.00% on prepaid amount

ii) Penalty charges and funding loss, for re-deployment of the prepaid fund by Money Market, minimum fee of RM500-00

Late Payment Penalty Charges

1.00% p.a. on the amount in arrears

 

Default Rate

(default or non-payment on 3 consecutive payments due)

 

1.00% p.a. in addition to the prescribed rate

Stamp Duties Charges 

 

As per the Stamp Duty Act 1949 (Revised 1989)

Legal Fees & Disbursement Fees

(where applicable)

i) Solicitor’s fees for loan documentation

ii) For registration of charge and land search

 

For enquiries, connect with us online or drop by your nearest Hong Leong Bank Branch.