Personal Loan - Hong Leong Bank

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Personal Loan

Enjoy the benefits of Hong Leong Bank Personal Loan

Apply Now
Latest Offer

Features & Benefits

  • Features & Benefits
  • Affordable monthly instalments
  • Fees & Charges
  • Terms & Conditions, PDS & Application Form

20% Cash Back on interest

Monthly instalments as low as RM130*

Fast approval within 48 hours**

Flexible repayment tenure of up to 5 years

Minimum income eligibility of only RM24,000 per annum

Easy application available at our bank Branches, Website and Connect Online Banking

Financing amount up to RM250,000

 

 

 

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Eligibility

  • Malaysian citizens only, aged between 21 to 60 years old
  • Earn a minimum annual income of RM24,000 per annum

 

 

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* Based on a financing tenure of 5 years for RM5,000, and during Cash Back Period. 
** 48 hour loan approval is subject to terms and conditions.

Other terms and conditions apply.

 

Loan Amount (RM)

Interest Rate

(p.a.)

Monthly Instalment
(RM)
Monthly Instalment During Cash Back Period
(RM)
2 Years
5 Years
2 Years
5 Years
5,000 12.50% 265  140  245  130 
50,000 11.00% 2,545  1,295  2,365  1,180 
100,000 10.00% 5,000  2,500  4,670  2,395 
150,000 9.00% 7,375  3,625  6,925  3,345 

 

Note:

  1. Flat interest rate ranges 9.00% per annum - 12.50% per annum depending on loan amount, income and tenure.
  2. Effective Interest Rate ranges from 12.38% - 22.42% per annum.
  3. The above table serves as illustration purpose only, with the assumptions of customer with a minimum monthly income of RM4,000 and above.
  4. Actual monthly instalment will be rounded up to the nearest RM5.

Refer to the below for the Fees and Charges applicable to Personal Loan/Financing-i.

Description/Service
Charges/Fees*
Stamp Duty Fee
0.50% of the disbursed facility amount for every approved facility

Late Payment Charge

(Applicable to Personal Loan)

1% p.a. on the arrears of outstanding for each facility (daily rest basis)
Early Settlement

No charges/fees to be imposed provided 3 months’ written notice is given to the Bank prior to the early settlement. Otherwise, payment of 3 months’ interest on the amount redeemed is applicable.

(For Personal Financing-i, payment in lieu of notice is not applicable – customers are required to provide 3 months’ written notice should they opt for early settlement)

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

 

*Subject to Government Tax, if applicable

English & Bahasa Malaysia

Personal Loan Terms & Conditions

Personal Loan Product Disclosure Sheet

Application Form

English

20% Cash Back Terms & Conditions

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