Personal Loan | 19 February 2020-06 July 2020
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Apply for a Personal Loan/Financing–i anytime, anywhere
Enjoy exclusive low flat rate from 5.50% p.a.*
Affordable instalments for financing tenures of 2 to 5 years
*Applicable for facility amount RM30,000 and above. For facility amount RM5,000 – RM29,000, applicable flat interest/profit rate is 6.50% p.a.
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 | 6.50% p.a. | 2 to 5 years |
RM30,000 – RM250,000 (up to RM150,000 Personal Financing-i) | 5.50% p.a. |
Note: Effective Interest/Profit Rates vary depending on the loan/financing-i tenures of 2 – 5 years as below:
(i) Flat rate 5.50%p.a. – Effective interest/profit rates vary from 10.01%p.a. to 10.23%p.a.
(ii) Flat rate 6.50%p.a. – Effective interest/profit rates vary from 11.68%p.a. to 12.02%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
Loan Amount You Wanted
RM 50,000
Monthly Installment
RM X,XXX
Repayment Period
24 months
Interest Rate
6.0%p.a
Maximum Loan Amount You Can Afford
RM 80,000
The maximum loan amount we are offering is RM 250,000
Monthly Installment
RM X,XXX
Repayment Period
24 months
Interest Rate
6.0%p.a
Maximum Loan Amount You Can Afford
The maximum loan amount we are offering is RM 250,000
Monthly Installment
Repayment Period
Interest Rate
Based on your high commitment, a debt consolidation plan might be the right solution for you. Would you like to find out about our debt consolidation plan?
The information shown is indicative and for illustration only. HLB does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and HLB reserves the right to approve or reject such applications without assigning any reason therefore.
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)
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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
- 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 online applications only
