Retail Loans
Description / Service | Charges / Fees* |
---|---|
Hong Leong MortgagePlus i. Set up fee ii. Monthly maintenance fee |
RM200.00 RM10.00 |
HLB Solar Plus Loan Set up Fee |
RM200.00 |
Withdrawal of Advance Payment Fee |
RM50.00 per request |
Redemption Statement |
RM50.00 applicable to house or home financing (for individuals) |
Letter of confirmation for EPF withdrawal Online confirmation for e-Pengeluaran |
RM20.00 per account/request |
Security Document Retrieval fee (request for photocopy) |
RM2 per page, min RM10 |
Additional loan statement i. Up to 1 year
ii. More than 1 year |
RM10.00 per request RM2.00 per page
RM10.00 per request RM5.00 per page |
Request for pricing variation |
0.1% of outstanding balance, subject to minimum of RM100.00 and a maximum of RM200.00 |
Termination fee for cancellation of loan prior to loan disbursement |
RM2,000.00 |
Late payment charge |
Late payment charges of 1% p.a. on the amount in arrears, causing the total outstanding to increase. |
Stamp Duties |
As per Stamp Duty Act 1949 (revised 1989). |
Legal Fees |
As per the scale in the Solicitors’ Remuneration Order (SRO) |
Disbursement Fees |
Disbursement Fees including but not limited to registration fee, search fee, government tax and any other taxes or levy as per the scale fees charged by the respective authorities and/or legal firms. |
Valuation Fees |
As per the Seventh Schedule (Rule 48) of the scale fees set by the Board of Valuers, Appraisers and Estate Agents Malaysia. |
Processing Fees |
One-time fee shall be charged for approved loan. Currently all processing fees are waived |
Miscellaneous Fees |
Miscellaneous Fees including but not limited to online IBG payment, IBG via ATM machine, cheque processing fee and any other fees or charges that may be imposed by the respective relevant authorities from time to time with prior notice. |
Overdraft Commitment Fee |
1% p.a. on the unutilized Overdraft amount |
*Subject to postage/courier charges and/or Government Tax, if applicable
NOTICE: Reduction of Additional Interest/Profit Charged for Solar Plus Loan/Mortgage Loan/Property Financing-i which are 100 days Overdue.
Please be informed that with effect from 1 May 2022, the additional interest/profit charged for Solar Plus Loan/Mortgage Loan/Property Financing-i which are overdue in payments by 100 days will be reduced as follows:
Revision of Interest |
Existing |
New |
---|---|---|
Additional Interest/Profit Rate @ 100 days overdue |
Prescribed Rate / Effective Profit Rate * + 2.00% p.a. |
Prescribed Rate / Effective Profit Rate * + 1.50% p.a. |
Revision to Original Interest/Profit Rate |
Upon account paid down to below 90 days overdue. Note: Interest/Profit rate will be revised downwards immediately when account is paid down to below 90 days overdue and the new instalment amount will only take effect in the following month. |
No change |
* Prescribed Rate / Effective Profit Rate = Contracted / Net Interest / profit rate e.g. BLR / IFR ** (current BLR / IFR is 6.89%) - 2.2% = 4.69%
** Base Lending Rate (BLR) / Islamic Financing Rate (IFR)
Thank you.
Description / Service |
Charges / Fees* |
---|---|
Trading/Agency fee |
Waived |
Withdrawal of advance payment fee (Not applicable for Solar Plus Financing-i) |
RM50.00 per request/withdrawal |
Early settlement charges |
Actual cost incurred by the Bank at the point of early settlement
For HLISB, it shall reflect the costs incurred by the Bank as a direct result of early settlement. Such costs may include: a)costs that have not been recovered because a financing contract with discounted rate during the lock-in period is terminated early; and b) initial costs that have not been recovered In the event the applicant(s) / customer(s) settle in full the facilities during the lock-in period, the rebate shall be reduced based on the cost above. The rebate calculation is as per below: Rebate = remaining unearned profit - early settlement charges* i) *cost that have not been recovered because a financing contract has a structure with discount elements at the initial period of financing; and/or ii) *initial costs that have not been recovered (e.g. zero moving cost products) |
Termination Fee for cancellation of financing prior to financing disbursement (Not applicable for Solar Plus Financing-i) |
RM2,000.00 |
Redemption Statement fee |
RM50.00 per request Note: Applicable for residential financing under individuals only (for HLISB) |
Letter of confirmation for EPF withdrawal fee (Not applicable for Solar Plus Financing-i) |
RM20.00 per request |
Security document retrieval (per request) – request for photocopy |
RM2 per page, min RM10 and max RM60.00 |
Compensation charges (for HLISB) |
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 |
Stamp Duties |
As per Stamp Duty Act 1949 (revised 1989). |
Legal Fees |
As per the scale in the Solicitors’ Remuneration Order (SRO) |
Disbursement Fees |
Disbursement Fees including but not limited to registration fee, search fee, government tax and any other taxes or levy as per the scale fees charged by the respective authorities and/or legal firms. |
Valuation Fees (Not applicable for Solar Plus Financing-i) |
As per the Seventh Schedule (Rule 48) of the scale fees set by the Board of Valuers, Appraisers and Estate Agents Malaysia. |
Processing Fees |
One-time fee shall be charged for approved financing. Currently all processing fees are waived Processing Fee is not applicable for HLISB. |
Miscellaneous Fees |
Miscellaneous Fees including but not limited to online IBG payment, IBG via ATM machine, cheque processing fee and any other fees or charges that may be imposed by the respective relevant authorities from time to time with prior notice. |
Additional financing statement |
RM10.00 per request |
*Subject to postage/courier charges and/or Government Tax, if applicable
NOTICE: Reduction of Additional Profit Charged for accounts which are 100 days Overdue.
Please be informed that with effect from 1 May 2022, the additional profit charged for accounts which are overdue in payments by 100 days will be reduced as follows:-
Revision of Profit |
Existing |
New |
---|---|---|
Additional Profit Rate @ 100 days overdue |
Effective Profit Rate + 2.00% p.a. |
Effective Profit Rate + 1.50% p.a. |
Revision to Original Profit Rate |
Upon account paid down to below 90 days overdue. Note: Profit rate will be revised downwards immediately when account is paid down to below 90days overdue and the new installment amount will only take effect in the following month. |
No change |
* Effective Profit Rate = Contracted / Net profit rate e.g. IFR (current IFR is 6.14%) - 2.2%= 3.94%
** Islamic Financing Rate (IFR)
Thank you.
Fees & charges applicable to Auto Loan / Auto Financing - i
Hire Purchase / Hire Purchase- i Fixed Rate/Variable Rate
Description/Service |
Charges/Fees* |
---|---|
Stamp Duty for Hire Purchase / Hire Purchase- i Agreement |
|
i) Hirer |
|
ii) Guarantor |
RM10.00 per guarantor |
iii) Supplemental Agreement/Letter of Set-Off/Charge over Cash deposit/Assignment Agreement |
RM10.00 |
Registration of Ownership Claim |
RM3.00* |
Late Payment charges (Applicable to Auto Loan) |
a) Hire Purchase Fixed Rate: 8% p.a. on the amount in arrears b) Hire Purchase Variable Rate: 2% above prevailing rate on the amount in arrears. |
Compensation charges (Applicable to Auto Financing -i) |
1% or IIMM rate
|
Industrial Hire Purchase (IHP)
Description/Service |
Charges/Fees* |
---|---|
Stamp Duty for Industrial Hire Purchase Agreement |
|
i) Hirer |
0.5% on the value of the facility amount as per the Stamp Act 1949 (Revised 1989) |
ii) Guarantor |
RM10.00 per guarantor |
Registration of Ownership claim |
RM3.00* |
Late Payment charges |
Annual Percentage Rate (APR) + 1% on the amount in arrears. |
*Note: Subject to Government Tax, if applicable.
Ad-hoc Services
Description/Service |
Charges/Fees* |
---|---|
Miscellaneous |
|
i) Duplicate HP Agreement ii) Duplicate AP Documents/ Invoice/Insurance Cover Note/ Puspakom report/Guarantee agreement/Supplementary agreement/Letter of Set-off (LOSO)/Charge Over Cash Deposit/Registration Card/Vehicle Ownership Certificate |
RM2.00 per page; min RM10.00 |
iii) Consent letter to Authorities – transfer of vehicle to East Malaysia or vice versa |
RM20.00 per request |
*Note: Subject to Government Tax, if applicable.
Description / Service | Charges /Fees* |
---|---|
General | |
BURSA Central Depository System (CDS) Account Opening Fee |
RM10.00 per account opened |
Stamp Duty | |
i. Letter Offer | RM10.00 |
ii. Memorandum of Deposit | RM10.00 |
iii. Letter of Set-Off (if applicable) | RM10.00 |
iv. Letter of Mandate (if applicable) | RM10.00 |
v. Letter of Guarantee (if applicable) | RM10.00 |
vi. Share Financing Agreement | Ad valorem 0.5% of facility limit |
Statutory Declaration / Attestation Fee | Per Charged (per borrower/ guarantor) |
Miscellaneous | |
Deposit of Certificate | |
i. Service Fee | RM5.00 per counter |
ii. Transport Fee | RM10.00 per trip |
iii. BURSA CDS Fee | RM10.00 per certificate |
Transfer-out of shares (Ordinary) | RM10.00 per counter |
i. BURSA CDS Fee | RM 10.00 per transfer per counter |
Dividend / Distribution mandated to HLB | |
i. Net Dividend / Distribution of RM10 and below | RM2.50 |
ii. Net Dividend / Distribution above RM10 | RM5.00 |
Rights Issue/ Restricted Issue/ Offer for Sale | |
i. Service Fee | RM5.00 per PAL |
ii. Transport Fee | RM10.00 per trip |
iii. Stamp Duty | RM10.00 per PAL |
Excess Application / Restricted Issue/ Offer for Sale for Rights Issues (if applicable) | RM5.00 per PAL |
Dividend Reinvestment Plan (DRP) | |
i. Service Fee | RM5.00 per DRP |
ii. Transport Fee | RM10.00 per trip |
iii. Stamp Duty | RM10.00 per DRP |
Conversion / Redemption of Securities | |
i. Service Fee | RM5.00 per Application |
ii. Transport Fee | RM10.00 per trip |
iii. Registrar Fee | Vary |
Takeover / Mandatory General Offer (MGO) | |
i. Service Fee | RM20.00 per counter |
ii. Transport Fee | RM10.00 per trip |
iii. BURSA CDS Fee | RM 10.00 per transfer per counter |
Execution of Proxy Form | |
i. Service Fee | RM5.00 per form executed |
ii. Transport Fee | RM10.00 per trip |
Replacement for Lost Tax Certificate | |
i. Service Fee | RM5.00 per certificate |
ii. Registrar Fee | Vary |
BURSA CDS Statement Request Fee |
RM1.00 per page or part thereof up to 100 pages and RM0.30 per page above 100 pages |
Early Redemption Penalty | If the facility is partially or fully settled by another loan facility provider before the expiry of twelve (12) months from the date of the agreement, there will be a penalty of 2% of the facility limit at the point of redemption. |
Dormant Account Reactivation Fee |
RM5.00 per CDS account |
Lodgement of Form 34 i) Lodgement Fees (SSM) ii) Consultation Fees (Lawyer) |
Per Charged (per lodgement) |
Remitance Charges for Cash Drawdown | |
Interbank in Ringgit – Via RENTAS Funds Transfer to another Bank in Malaysia | |
For individuals and SMEs | 5.00 |
Other than individuals and SMEs | 14.00 |
Interbank in Ringgit - Via Interbank Giro (IBG) Funds Transfer to another Bank in Malaysia | |
Application Over the Counter | NIL |
Application via Hong Leong Connect Online Banking | NIL |
Funds Transfer within Hong Leong Bank via Hong Leong Connect Online Banking | NIL |
*Subject to Government Tax, if applicable
Note: PAL = Provisional of Allotment Letter
Description / Service | Charges / Fees* |
---|---|
Stamp Duty Fee | 0.5% of loan amount funded for every approved loan |
Late Payment Charge | 1% per annum on the outstanding instalment amount in arrears for each loan (daily rest basis) |
Early Settlement | No charges/fees provided 3 months prior written notice is given to the bank or payment of 3 months interest on the amount redeemed in lieu of notice |
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 |
Additional loan statement i. Up to 1 year
ii. More than 1 year |
RM10.00 per request RM2.00 per page
RM10.00 per request RM5.00 per page |
*Subject to Government Tax, if applicable
Description / Service | Charges / Fees* |
---|---|
Withdrawal of Advance Payment Fee |
RM50.00 per request |
Security Document Retrieval fee (request for photocopy) |
RM2 per page, min RM10 |
Additional loan statement i. Up to 1 year
ii. More than 1 year |
RM10.00 per request RM2.00 per page
RM10.00 per request RM5.00 per page |
Request for pricing variation |
0.1% of outstanding balance, subject to minimum of RM100.00 and a maximum of RM200.00 |
Termination fee for cancellation of loan prior to loan disbursement |
RM2,000.00 |
Late payment charge |
1% p.a. will be additionally levied on any amount in arrears, from the time of default until the time such amount(s) in arrears are paid |
Stamp Duties |
As per Stamp Duty Act 1949 (revised 1989). |
Legal Fees |
As per the scale in the Solicitors’ Remuneration Order (SRO) |
Disbursement Fees |
Disbursement Fees including but not limited to registration fee, search fee, government tax and any other taxes or levy as per the scale fees charged by the respective authorities and/or legal firms. |
Valuation Fees |
As per the Seventh Schedule (Rule 48) of the scale fees set by the Board of Valuers, Appraisers and Estate Agents Malaysia. |
Miscellaneous Fees |
Miscellaneous Fees including but not limited to online IBG payment, IBG via ATM machine, cheque processing fee and any other fees or charges that may be imposed by the respective relevant authorities from time to time with prior notice. |
Overdraft Commitment Fee |
1% p.a. on the unutilized Overdraft amount |
*Subject to postage/courier charges and/or Government Tax, if applicable
Please be informed that with effect from 2nd August 2019, the repricing rate and default rate shall be changed as below:-
Rate Charge |
Existing |
Revised |
||
---|---|---|---|---|
Days Past Due |
Rate |
Days Past Due |
Rate |
|
Repricing Rate |
63 |
Prescribed Rate + 2% |
100 |
Prescribed Rate + 2% |
Default Rate |
85 |
+ Additional 1% |
Removed |
Removed |
Revision to Original Interest Rate |
Upon full account regularization |
Account is paid to below 90 days past due |
Description / Service |
Charges / Fees* |
---|---|
Stamp Duty |
|
i. Letter of Offer |
Ad Valorem 0.5% of facility limit |
ii. Memorandum of Deposit |
RM 10.00 |
iii. Letter of Guarantee (if applicable) |
RM 10.00 |
Statutory Declaration / Attestation Fee |
Per Charged (Per borrower / guarantor) |
General |
|
Commitment Fee (applicable to facility limit > RM 250,000) |
1% p.a. on the daily unutilized amount of the Overdraft facility |
Excess Fee |
1 % p.a. on the amount drawn in excess of the approved facility limit |