Share Margin Financing
Q: Do I have to trade with specific brokerage firms?
A: Yes. Hong Leong Bank Berhad has a list of panel broking firms to select from. You can continue to use your present remisier as long as the stock broking firm that he/she is attached to is on our panel of stockbrokers.
Q: How do I qualify for the SMF Loan Application?
A: Hong Leong Bank Berhad will evaluate each loan application based on its merits and demerits. Generally, the approval is based on applicants' personal resources, repayment capabilities, past payment patterns, legislative, collateral to be pledged and Hong Leong Bank Berhad's requirements.
Q: What documents do I need to submit to Hong Leong Bank Berhad?
A: Applicants are required to furnish the following documents:
Individual
- Asset Financing Application Form
- Customer Information Form (CIF Form)
- Copy of NRIC (front and back)
- Income supporting documents: -
i. Latest 2 years of income tax with tax return (eg. B/ BE) or
ii. Latest 2 years of EA form (for PLC/MNC/GLC employee) or
iii. Latest 3 months’ salary slip with latest 3 months bank statement / EPF statement or
iv. Tenancy agreement, latest utilities bill which show applicant’s name & latest 3 months bank statement which show the rental crediting (if any) - Bursa Malaysia Statement / Online Shares Portfolio (if any)
- Additional income documents / information (if required)
Corporate
* Pure Investment holding company only (no commercial operating / trading activities)
* Company with RM 2.00 paid up capital is not acceptable
- Asset Financing Application Form
- Customer Information Form – Entity / Company
- Customer Information Form - for each Directors
- Consent for Disclosure of Credit Info Form - Directors
- Declaration of UBO
- All Directors’ must be become personal guarantee
- Memorandum & Article of Association
- Form 9, 24, 44, 49 and Annual Return
- Latest 2 years audited accounts
- Latest 3 months company bank statement
- NRIC of Directors and Guarantor (front and back)
- Guarantor’s income evidences (eg: EA form / Borang B / Latest 3 months bank statement & etc)
- Latest Margin Statement (if any)
- Latest Bursa Malaysia statement (if any)
- Additional income documents / information (if required)
Documents required after approval:
Company Board Resolution
Form 34
Form 40
Q: How long is the approval valid for?
A: Approval is valid for 14 days. However, Hong Leong Bank Berhad reserves the rights to withdraw the loan approval and / or to vary the loan terms and conditions without prior notice.
Q: How do I make my monthly payments?
A: There are no fixed repayments as long as your margin does not breach the approved limit and approved margin of financing.
Q: Is there any credit limit for SMF application?
A: The minimum loan size is RM50,000 per customer, whilst the maximum is subject Management approval.
Q: What collateral is accepted by Hong Leong Bank Berhad?
A: Hong Leong Bank Berhad accepts the following collateral: -
- Cash / Fixed Deposit secured to Hong Leong Bank Berhad
- Quoted shares are listed in Bursa Malaysia
- Selected Unit Trust funds are distributed by Hong Leong Bank Berhad