Q: Who is eligible to apply for HL MortgagePlus?
- An individual
- Age 18 years and above
- Income requirements: 3 times monthly repayment
- Minimum loan amount of RM100,000
Q: What about sole-proprietor, partnership & corporates? Can these entities apply for HL MortgagePlus?
A: No, as HL MortgagePlus applies to individuals only.
Q: Will I be assigned with two different account numbers and how do I repay the loan?
A: Yes.You will be assigned with two different account reference.One for your MortgagePlus loan and the other for your MortgagePlus current account.
For repayment of loan, you have to sign up Standing Instructions on your current account to automate the transfer of interest / instalment / maintenance fee from you current account to your loan account.
Q: What is my initial opening amount for the current account?
A: Initial amount for opening of account is RM500.
Q: Will I be given a cheque book for the current account?
A: Yes, you will be given a cheque book.
Q: Can I use my existing current account for HL MortgagePlus?
A: Yes, provided the current account is a non-interest bearing type with no existing facility.It can be converted to MortgagePlus current account type.
Q: If I have spare cash deposited in my Savings or FD, will the amount be taken in for purpose of daily interest computation?
A: No, the link is only to the designated MortgagePlus current account.
Q: Do I have to withdraw and transfer the Savings / FD amount into my MortgagePlus current account to enjoy savings on my loan interest if I want to?
A: Yes, if you want to maximize on interest savings.
Q: When do I need to open the HL MortgagePlus current account?
A: Upon acceptance of Letter of Offer.
Q: How do I repay my loan? What mode?
A: With the Standing Instruction which you have signed up on your current account, your repayment will be automated so long as you continue to maintain sufficient funds in your current account.However, if you have insufficient funds in your current account and depending on situations, you may be advised by HLB to pay directly into your MortgagePlus loan account.
Other hassle free payment with:
- MEPS IBG/Internet Banking (e.g. www.hongleongconnect.my)
Alternative payment methods are:
- ATM transfer to your loan account
- Bank in to your loan account via Cash Deposit Machine
- Cheque deposit at the Cheque Deposit Machine*
- Make your payment at the nearest branch*
* Important: From 2 Jan 2015, RM0.50 processing fee will be charged per cheque issued
Q: What is the minimum loan amount allowed for HL MortgagePlus?
Q: Does HL MortgagePlus apply to construction or completed or BOTH types of property financing?
A: Applicable to construction or completed residential and non-residential properties.
Q: What type of Statements will I be receiving?
A: Two different statements i.e. Monthly statement on MortgagePlus Current account and Half-yearly loan statement for MortgagePlus loan account.
Q: Can I switch my housing loan account from another bank to HLB?
Q: If I have an existing housing loan (not HL MortgagePlus), can I apply for a HL MortgagePlus for my next purchase of property?
A: Yes, you may, provided your financing terms meet HLB's criteria.
Q: Where can I apply for HL MortgagePlus, if I am interested?
A: You may visit the nearest Hong Leong Bank branches or call our Call Centre to speak to our Customer Relationship Officer at 1-800-38-8888.Alternatively, you may apply on-line through www.hlb.com.my.
Q: What are the documents to sign?
A: As per current practise i.e. application form, Letter of Offer, Facility Agreeement & etc.
Q: Can I take up MortgagePlus to finance purchase for bungalow land or land?
Q: Is the MortgagePlus current account subject to DCHEQS guidelines?
A: Yes, the customer's current account will be closed if he / she incur 3X bad cheque offence.
Q: What happens when MortgagePlus current account is closed due to reason stated in Q.27?
A: Upon closure of account, customers will not enjoy the benefits on integration of balances as stated in Q3 above.
Q: What are the other "PLUS POINTS" on HL MortgagePlus?
A: HL MortgagePlus provides: -
- Attractive Rates