Personal Loan/Financing-i | 01 October 2024-31 December 2024
*Interest/profit rate of 2.975% p.a. is applicable for salaried customers with a verified monthly income of RM8,000 who have their financing disbursed to their HLB/HLISB Current Account/Current Account-i and/or Savings Account/Savings Account-i (“HLB CASA/HLISB CASA-i”), and who are eligible for 65% Pay-On-Time Rebate on flat interest/profit rate of 8.50% p.a.
Our rate is on a flat rate basis
Verified Monthly Income |
Disbursement to non HLB CASA/HLISB CASA-i |
Disbursement to HLB CASA/HLISB CASA-i |
||||
|---|---|---|---|---|---|---|
Flat Interest/Profit Rate |
Applicable Pay-On-Time Rebate |
Rate after Pay-On-Time Rebate | Flat Interest/Profit Rate | Applicable Pay-On-Time Rebate |
Rate after Pay-On-Time Rebate | |
RM2,000 – RM7,999 |
10.50% p.a. |
20% |
8.40% p.a. | 8.50% p.a. |
20% |
6.80% p.a. |
RM8,000 and above |
55% | 4.725% p.a. | 65% |
2.975% p.a. | ||
(i) Effective interest/profit rate applicable to flat rate of 10.50% p.a. vary from 18.04% p.a. to 19.02% p.a. depending on loan/financing tenures from 2 to 5 years.
(ii) Effective interest/profit rate applicable to flat rate of 8.50% p.a. vary from 14.92% p.a. to 15.55% p.a. depending on loan/financing tenures from 2 to 5 years.
(iii) 0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.
(iv) To enjoy the Pay-On-Time Rebate, please ensure to:
a. Pay your monthly instalment promptly by the due date.
b. Maintain a cumulative daily balance of RM500 in your HLB CASA/HLISB CASA-i (only applicable for loan/financing-i disbursements to HLB CASA/HLISB CASA-i)
Promotion Period: 16 December 2024 – 31 December 2024
Our rate is on a flat rate basis
Verified Monthly Income |
Disbursement to HLB CASA/HLISB CASA-i |
||
|---|---|---|---|
Flat Interest/Profit Rate |
Applicable Pay-On-Time Rebate |
Rate after Pay-On-Time Rebate |
|
RM8,000 and above |
8.20% p.a. |
65% |
2.87% p.a. |
(i) Effective interest/profit rate applicable to flat rate of 8.20% p.a. varies from 14.45% p.a. to 15.03% p.a. depending on loan/financing tenures from 2 to 5 years.
(ii) In the event where the customer’s Verified Monthly Income falls below Ringgit Malaysia Eight Thousand (RM8,000), a Flat Interest/Profit Rate of 8.50% p.a. and Pay-On-Time Rebate on Total Interest/Profit of 20% will be applicable.
a. Flat Interest/Profit Rate 8.50% p.a.: Effective Flat Interest/Profit Rate varies from 14.92% p.a. to 15.55% p.a.
(iii) 0.50% of the Facility Amount will be deducted upon disbursement for stamp duty payable.
(iv) To enjoy the Pay-On-Time Rebate, please ensure to:
a. Pay your monthly instalment promptly by the due date.
b. Maintain a cumulative daily balance of RM500 in your HLB CASA/HLISB CASA-i.
Enjoy up to 65% interest/profit rebate when you pay on time!
For example, you are a salaried customer with a verified monthly income of RM8,000 and above that disbursement is to HLB CASA/HLISB CASA-i. The applicable interest/profit rate is 8.50% p.a. and your total approved facility amount is RM100,000 for a financing tenure of 5 years. You also qualify for 65% Pay-On-Time Rebate. The above example is illustrated below:
- Malaysian citizens aged between 21 to 60 years old
- Employed or self-employed with a 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 is RM150,000 for Personal Financing-i
- Facility tenures from 2 to 5 years
Visit HLB/HLISB nearest branch today.