Features & Benefits
New, Used & Recond Vehicles
An auto loan suitable for new, secondhand or reconditioned car or vehicle.
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Repayment Period & Financing
We offer loan repayment period up to 9 years and margin of financing up to 90%.
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Easy Payment Of Your Instalment Online
Hong Leong Connect, interbank GIRO (MEPS IBG), standing instruction facility (CASA auto debit), ATMs, CDMs or Hong Leong Bank branches.
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Choose between fixed or variable rate financing packages
Fixed Rate Financing |
Variable Rate Financing |
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Term Charges |
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Instalment |
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Late Payment Interest |
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Early Loan Settlement |
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- Individual customers aged 21 to 70 years old
- Sole Proprietorship & Partnership
- Private Limited and Public Listed Companies
To apply, submit the following documents:-
Individual Applicant:
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Business Applicant:
Sole Proprietor / Partnership |
Private Limited/ Public Listed |
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If purchasing a new vehicle - purchase order
If purchasing a used vehicle - registration card
Note : Other form of income substantiation may be acceptable on case to case basis
Click here for the non-exhaustive list of fees and charges, or visit any of our branches for further information.
Q: What is this product about?
A: This is a hire purchase facility, offered to you to part finance the purchase of a vehicle. Interest on the facility will be charged at a fixed interest rate or at a variable interest rate quoted at a margin above the Bank’s Base Lending Rate (BLR). Upon full repayment of the amount owing under the Hire Purchase agreement, ownership of the vehicle will then be transferred to you.
Q: Who can apply?
A: This product is opened to all individual and company applicants.
- Individual applicants: aged 21 to 70 years old
- Company applicants: sole-proprietorship, partnerships, private limited or public listed compaanies
Q: What are the terms of financing?
A: The maximum margin of finance is up to 90% of seller’s invoice with repayment period up to 108 months. All terms and conditions are subject to the financing guidelines by Bank Negara Malaysia and Hong Leong Bank
Q: What vehicles do you finance?
A: We cater financing for all types of new and used vehicles; inclusive of reconditioned type vehicles.
Q: Can I have a co-borrower on the loan?
A: Unfortunately, this is prohibited under the Hire Purchase Act. However, a guarantor can be provided if required. Under specific circumstances as prescribed by the Bank policies, the Bank may also request for a Guarantor directly.
Q: How will I know the status of my loan application?
A: Finding out if your car loan has been approved can be quite exciting, and we understand that this is something you just can’t wait for. To make sure you receive the news as soon as possible, our staff will contact you once the loan is approved.
Q: How long is the loan approval good for?
A: Approval is good for thirty (30) days. But be aware, if we do not hear from you after thirty (30) days, Hong Leong Bank reserves the right to withdraw the loan approval and /or vary the loan terms and conditions without prior notice.
Q: How do I make my monthly payments?
A: Payments can be made online via Hong Leong Connect, interbank GIRO (MEPS IBG), standing instruction facility (CASA auto debit), ATMs, CDMs or at any of our Hong Leong Bank branches.
Q: What happens if I settled the loan earlier than the date originally agreed upon?
A: For fixed rate financing, you are entitled to a rebate on the term charges for variable rate financing, the settlement amount would be the outstanding amount due plus accrued term charges up to next payment due date. There is no penalty fee for early loan settlement
Q: What if I fail to fulfil my obligations?
A: A penalty is imposed on overdue instalments with interests charged on a daily basis. For fixed rate financing, the maximum charge allowed is 8% on overdue instalment, whilst for variable rate financing; it is 2% above the prevailing rate of term charges.
Q: How can I find out more about your products?
A: For more information on our financing products, leave us your contact information using the “I’m interested” button on the website. Alternatively, you may call 1-800-38-8888 or drop by your nearest Hong Leong Bank branch today.
