Personal Loan/Financing-i Empower Campaign Connect Exclusive

Personal Loan/Financing-i Empower Campaign Connect Exclusive

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HLB Personal Loan Empower Campaign: Connect Exclusive Promotion

HLB Connect | Personal Loan | 19 February 2020-06 July 2020

Get empowered with Connect exclusive rate from 4.50% p.a.

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Apply for a Personal Loan/Financing–i anytime, anywhere

Enjoy flat rate from 4.50% p.a.* when you apply via Hong Leong Connect Online Banking

Affordable instalments for financing tenures of 2 – 5 years

*Applicable for facility amount RM30,000 and above. For facility amount RM5,000 – RM29,000, applicable flat interest/profit rate is 5.50% p.a.

Interest/Profit Rate and Instalments

Interest/Profit Rate

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

Loan/Financing Amount

Flat Interest/Profit Rate

Loan/Financing Tenure

RM5,000 – RM29,000

5.50% p.a.

2 to 5 years

RM30,000 – RM250,000

(up to RM150,000 Personal Financing-i)

4.50% p.a.

Note: Effective Interest/Profit Rates vary depending on the loan/financing-i tenures of 2 – 5 years as below:

(i) Flat rate 4.50%p.a. – Effective interest/profit rates vary from 8.29%p.a. to 8.41%p.a

(ii) Flat rate 5.50%p.a. – Effective interest/profit rates vary from 10.01%p.a. to 10.23%p.a.

0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.

 

Illustration of Instalments

Assuming your total approved facility amount is RM30,000 with 5 years financing tenure

hlb loan benefit

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)
  • Exclusively for applications on Connect Internet Banking only
  • Holds at least 1 valid and active individual Hong Leong Bank Current/Savings Account or /Hong Leong Islamic Bank Current/Savings Account-i (joint and corporate accounts are not eligible)

How to Apply

Log in to Connect
  • Terms & Conditions
  • General Personal Loan Terms & Conditions - EN
  • General Personal Financing-i Terms & Conditions - EN
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