Interest/Profit Rate for HLB Connect Online Applications
Our rate is on a flat rate basis
Note: The effective interest/profit rates vary as follows for loan/financing-i tenure from 2 to 5 years:
(i) Flat interest/profit rate 5.00% p.a.: Effective interest/profit rates vary from 9.15% p.a. to 9.32% p.a.
(ii) Flat interest/profit rate 6.00% p.a.: Effective interest/profit rates vary from 10.85% p.a. to 11.13% p.a.
(iii) 0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.
Illustration of Instalments
Assuming you apply via HLB Connect Online and your funded facility amount is RM50,000 for 5 years financing tenure with applicable interest/profit rate of 5.00% p.a. as illustrated below:
*Monthly instalment amount will be rounded up to the nearest RM5.
Any adjustment due to rounding will be reflected towards the end of the facility tenure.