Personal Loan/Financing-i | 01 October 2023-31 December 2023
*Applicable for applicants with verified monthly income of RM8,000 and above and apply via the Bank’s Website.
Interest/Profit Rate for Online Application
Our rate is on a flat rate basis
Application Channel: Online (Bank’s Website) |
||
---|---|---|
Verified Monthly Income |
Flat Interest/Profit Rate |
Facility Tenure |
RM2,000 – RM7,999 |
7.50% p.a. |
2 to 5 years |
RM8,000 and above |
5.50% p.a. |
Note: The effective interest/profit rates vary as follows for loan/financing-i tenure from 2 to 5 years:
(i) Flat interest/profit rate 5.50% p.a.: Effective interest/profit rates vary from 10.01% p.a. to 10.23% p.a.
(ii) Flat interest/profit rate 7.50% p.a.: Effective interest/profit rates vary from 13.32% p.a. to 13.80% p.a.
(iii) 0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.
Illustration of Instalments
For example, you are an applicant with a verified monthly income of RM8,000 and above and you apply via the Bank’s Website. The applicable interest/profit rate is 5.50% p.a. and your total approved facility amount is RM100,000 for a financing tenure of 5 years. The above example is 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.
Eligibility
● Malaysian citizens aged between 21 to 60 years old
● Minimum annual income of RM24,000
● Minimum loan/financing amount is RM5,000
● Maximum loan amount is RM250,000 for Personal Loan and maximum financing amount for Personal Financing-i is RM150,000
● Exclusively for online applications only
Note: If you are an existing HLB Connect user, you may also login and apply via HLB Connect.
You will be prompted to upload the following 5 documents for your online application. Prepare these documents before you start your online application.
Accepted formats: .jpeg, .jpg, .pdf or .png
Max file size: 5MB per document
For Salaried Applicants (Fixed or Variable Income)
1. NRIC front
2. NRIC back
3. Latest EPF statement showing 12 months contribution OR latest 2 years Form BE with proof of tax receipt/latest 2 years LHDN summary sheet for E-Filing submission OR
4. Latest 3 months’ salary slips OR 6 months’ commission slips with salary or commission crediting.
5. Optional documents (e.g., rental income, proof of bonuses paid, cash investments - FD or Mutual Funds, etc.)
For Malaysians working in Singapore (SG)
1. Latest CPF statement (Malaysians working in SG) showing 12 months contribution OR latest 2 years NOA Form
2. Proof of salary crediting for 3 months
3. Copy of SG work permit/pass/PR
For Self-Employed Applicants
1. NRIC front
2. NRIC back
3. Business Registration Document
4. Latest 1 year Form B with tax receipt OR latest 6 months company bank statements OR latest 2 years EPF statement (Sdn Bhd only)
5. Optional documents (e.g., latest 6 months’ salary slips/6 months commission slips with crediting proof, rental income, etc.)