One-Day Connect Exclusive Digital Day 2020 Campaign

One-Day Connect Exclusive Digital Day 2020 Campaign

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Enjoy interest/profit rate from 3.20% p.a. only on 7 July 2020

Personal Loan | 07 July 2020-08 July 2020

Enjoy interest/profit rate from 3.20% p.a. only on 7 July 2020 (Extended to 8 July 2020)

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Features and Benefits

Enjoy rate from 3.20% p.a. when you apply via Hong Leong Connect on 7 July 2020 only

(Extended to 8 July 2020)

Monthly instalment from as low as RM95*

Apply from the safety and convenience of your home

*Calculated based on RM5,000 taken over financing tenure of 5 years during the Rebate Period.

Interest/Profit Rate and Instalments

Interest /Profit Rate

Our rate is on a flat rate basis

Facility Amount

Flat Interest/Profit  Rate

Pay-On-Time Rebate

Rate After Pay-On-Time Rebate

RM5,000 – RM250,000

(Up to RM150,000 for Personal Financing-i)

8.00% p.a.

60%

3.20% p.a.

Note: Effective interest/profit rates applicable to flat interest/profit rate of 8.00% p.a. vary from 14.13% p.a. to 14.68% p.a. depending on loan/financing-i tenures from 2 years to 5 years.

0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.

Illustration of Instalments

Assuming your total approved facility amount is RM5,000 with 5 years financing tenure and you pay your instalments promptly:

Loan Work D1 ENG
Loan Work D2 ENG
Loan Work D3 ENG

Fees and Charges

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

For more information, you may refer to our Product Disclosure Sheet available here for Personal Loan or here for Personal Financing-i.

Description/Service

Charges/Fees*

Stamp Duty Fee

0.50% of the disbursed facility amount for every approved facility.

IBG Fee

A nominal fee of RM2 will be charged on every Interbank Giro (“IBG”), if any.

Late Payment Charge

(applicable to Personal Loan)

1.00% 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).

Compensation Charges (applicable to Personal Financing-i)

For default payment during facility tenure = 1.00% p.a. on the overdue instalment amount.

 

For default payment causing the facility to be terminated or brought to court = 1.00% 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

Eligibility

  • Malaysian citizens aged between 21 and 60 years old
  • Minimum annual income of RM24,000
  • Minimum loan/financing-i amount is RM5,000
  • Maximum loan/financing-i amount is RM250,000 (RM150,000 for Financing-i)
  • Exclusively for applications via Hong Leong Connect Online Banking only
  • Holds at least 1 active individual Hong Leong Bank Current/Savings Account or Hong Leong Islamic Bank Current/Savings Account-i (joint and corporate accounts are not eligible)
  • Valid on 7 July 2020 only (Extended to 8 July 2020)

How to Apply

how to apply
  • Terms & Conditions
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For enquiries, connect with us online or drop by your nearest Hong Leong Bank Branch.


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