Fees & Charges - Retail Loans

Hong Leong MortgagePlus

i. Set up fee

ii. Monthly maintenance fee

RM200.00

RM10.00

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

Paper Statement Fee

RM2.00 per statement

Additional Interest/Profit Rate

1. Tier 1: @ 3rd times 31 days overdue for past 12 months

2. Tier 2:  @ 100 days overdue

Prescribed Rate / Effective

Profit Rate * + 1.50% p.a.

Prescribed Rate / Effective

Profit Rate * + 2.50% p.a.

(additional 1% on top of previous rate)

1. Tier 1: when account less than 31 days overdue

2. Tier 2: when account less than 90 days overdue

Prescribed Rate / Effective 

Profit Rate *

Prescribed Rate / Effective

Profit Rate * + 1.50% p.a.

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

Paper Statement Fee

RM2.00 per statement

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

Paper Statement Fee

RM2.00 per statement

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.

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

i. Service fee 

ii. Transfer of Securities fee

RM10.00 per counter

RM10.00 per transfer per counter

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)

Payable at another Bank inside Malaysia

For individuals and SMEs

Other than individuals and SMEs

5.00

14.00

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

Paper Statement Fee

RM2.00 per statement

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

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

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

iv. Statutory Declaration / Attestation Fee

Per Charged (Per borrower / guarantor)

General

Commitment Fee

(applicable to facility limit > RM 250,000)

1% per annum on the unutilized amount of the facility

Excess Fee

1 % per annum on the amount drawn in excess of the approved facility limit