Personal Loan/Financing-i Consolidation

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  • Personal Loan/Financing-i Consolidation Kickstart Campaign
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hlb personal loan kick start campaign debt consolidation

Personal Loan | 22 July 2019-31 October 2019

Kick start a systematic strategy to clear your high interest/profit financing

back to promotions

Features and Benefits

Enjoy 2% savings on interest/profit*

30% rebate on total interest/profit for paying on time

Affordable instalments for tenures from 2 – 5 years

Fast approval within 48 hours

Get RM1,000 Payout Bonus if we can’t help you save on interest/profit**

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 amount is RM250,000 (RM150,000 for Personal Financing-i

*Applicable to the Effective Interest/Profit Rates (EIR/EPR) on the Personal Loan/Financing-i Consolidation facility which will be charged at 2.00% p.a. lower than the consolidated EIR/EPR on the facilities the customer wishes to consolidate with minimum flat rate of 7.50% p.a.

** Subject to terms and conditions. Limited the first 30 customers on a first-come, first served basis, depending on credit card statement submission date.

Interest/Profit Rate and Instalments

Interest / Profit Rate 

Our rate is on a flat rate basis

Loan/Financing -i Tenure

Personal Loan/Financing-i Amount

Flat Interest/Profit  Rate

Pay on Time Rebate Applicable

2 years – 5 years

RM5,000 – RM250,000 (Personal Loan)

RM5,000 – RM150,000 (Personal Financing-i)

7.50% p.a. –

12.00% p.a.

30%

Note: Effective Interest/Profit Rates vary from 13.32% p.a. to 21.57% p.a. depending on loan/financing-i tenures of 2 – 5 years.

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

 

Get 30% rebate on total interest/profit when you pay on time!

Assuming you borrow RM5,000 charged at flat 8.00% p.a., choose to pay over 5 years and are eligible for the rebate:

Illustration of Instalments
normal period rate
rebate period rate

Promotional Details

put our interest/profit saving solution to the test today!

Fees & 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 RM2.00 will be charged on every Interbank Giro (IBG), if any

Late Payment Charge

1% 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 – customers are required to provide 3 months’ written notice should they opt for early settlement)

 

Compensation Charges (applicable to Personal Financing-i)

For default payment during facility tenure = 1% p.a. on the overdue instalment amount

 

For default payment causing the facility to be terminated or brought to court = 1% 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

How to apply

Click I’m Interested and leave your contact details with us or visit any of our branches.

  • Terms & Conditions EN
  • Terms & Conditions - BM
  • Terms & Conditions - CHI
  • General Personal Loan Terms & Conditions - EN
  • General Personal Financing-i Terms & Conditions - EN
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