Features & Benefits
New, Used & Recond Vehicles
A financing plan suitable for new, used and reconditioned 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 Options Available
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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I want to know...
How much do I pay monthly?
I would like to know how much I have to pay every month.
What car price should I go for?
I would like to find out the estimated car price that is suitable for me.
- Individual or Sole Proprietor aged 21 to 70
- Non-individual (Business Applicant)
To apply, submit the following documents:
Individual Applicant:
| Employed | Self-Employed |
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AND
Any ONE of the following documents:
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Business Applicant:
Sole Proprietor / Partnership |
Private Limited/ Public Listed |
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Note : Other form of income substantiation may be considered on a case to case basis.
Q: What is this product about?
A: We finance new and used vehicles that are for passenger and goods carrying.
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: Validity of the approval is subject to the validity of our Undertaking Letter to the vehicle seller.
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 unexpired term charges. For variable rate financing, the settlement amount is the outstanding amount due plus accrued term charges up to the next payment due date. There is no penalty fee on early settlement.
Q: How can I find out more about your products?
A: For more information on our product, you may leave your contact with us by clicking the “I’m Interested” button on the right hand side of this webpage. Alternatively, you may refer to our Product Disclosure Sheet by clicking the following links:
