Personal Loan/Financing-i Empower Campaign Branch Offer

Personal Loan/Financing-i Empower Campaign Branch Offer

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Personal Loan/Financing-i Empower Campaign Branch Offer

Personal Loan | 19 February 2020-06 July 2020

Empower your finances from rate as low as 4.50% p.a.

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Enjoy interest/profit rate as low as 4.50% p.a.*

Save up to RM56,250 on interest/profit

Based on RM250,000 financing taken over 5 years

Stretch your payment tenure up to 5 years

*Interest/profit rate applicable after 50% Pay on Time Rebate.

Interest/Profit Rate and Instalments

Interest/Profit Rate

Our rate is on a flat rate basis, depending on financing amount

Approved Facility Amount

Flat Interest/Profit Rate Charged

Applicable Pay on Time Rebate

Rate after Pay on Time Rebate

RM5,000 – RM49,000

9.00% p.a.

30%

6.30% p.a.

RM50,000 – RM99,000

40%

5.40% p.a.

RM100,000 – RM250,000

(up to RM150,000 for Personal Financing-i)

50%

4.50% p.a.

Note: Effective Interest/Profit Rate applicable to flat 9.00% p.a. vary from 15.71% p.a. to 16.43% p.a. depending on loan/financing tenures of 2 – 5 years.

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

 

Get up to 50% interest/profit rebate when you pay on time!

Assuming your total approved facility amount is RM100,000 with 5 years financing tenure and you pay your instalments promptly:

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Fees & Charges

Refer to the Fees and Charges applicable below to Personal Loan/Financing-i.

For more information, you may refer to our Product Disclosure Sheet available here for Personal Loan and 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

(applicable to Personal Loan)

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

Eligibility

Eligibility

  • Malaysian citizens aged between 21 and 60 years old
  • Minimum annual income of RM24,000
  • Minimum loan/financing amount is RM5,000
  • Maximum loan/financing amount is RM250,000 (RM150,000 for Financing-i)
  • Facility tenure from 2 to 5 years

How to Apply

Visit your nearest branch today.

  • Terms & Conditions
  • General Personal Loan Terms & Conditions - EN
  • General Personal Financing-i Terms & Conditions - EN
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For enquiries, connect with us online or drop by your nearest Hong Leong Bank Branch.


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