Fees & Charges - Retail Loans

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
(Payable on unutilized OD limit when the limit exceeds RM250,000)

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
(Subject to a maximum of 2% of the financing amount)

 

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
(max RM30.00 for Solar Plus Financing-i)

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

  • RM10.00 for motor vehicles including goods vehicles where the maximum permissible laden weight does not exceed 2540 kilograms.
  • 0.5% on the value of the facility amount as per the Stamp Act 1949 (Revised 1989) for goods vehicles where the maximum permissible laden weight exceed 2540 kilograms

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

  • 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

 

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

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