Interest/Profit Rate for HLB Connect Online Application
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 5.50% p.a.: Effective interest/profit rates vary from 10.01% p.a. to 10.23% p.a.
Illustration of Instalments
For example, you are an applicant with a verified monthly income of RM2,000 and above and you apply via HLB Connect Online. The applicable interest/profit rate is 5.50% p.a. and your total approved facility amount is RM50,000 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.