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Personal Loan | 22 July 2019-31 October 2019
Features and Benefits
Apply for a Personal Loan / Financing –i anytime, anywhere
Enjoy exclusive low flat rate of 6.00% p.a.
Note: Effective Interest/Profit Rates vary from 10.85% p.a. to 11.13% p.a. depending on the loan/financing-i tenures of 2 – 5 years.
Affordable instalments for tenure of 2-5 years
Fast approval within 48 hours
Loan amount you can afford
Monthly Installment
Interest Rate p.a.
Based on your high commitment, you are not eligible for our minimum loan amount of RM5,000. Consider paying off some of your existing loan to reduce your monthly commitment with our debt consolidation plan instead.
Disclaimer
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.
Interest / Profit Rate
Our rate is on a flat rate basis
Loan/Financing -i Tenure |
Personal Loan/Financing-i Amount (RM) |
Flat Interest/Profit Rate |
|---|---|---|
2 years – 5 years |
RM5,000 – RM250,000 (Personal Loan) RM5,000 – RM150,000 (Personal Financing-i) |
6.00%p.a |
Note: Effective Interest/Profit Rates vary from 10.85% p.a. to 11.13% p.a. depending on the loan/financing-i tenures of 2 – 5 years.
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 RM5,000 and you choose to pay over 5 years:
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
