Personal Loan/Financing-i Recharge 2020 Connect Exclusive

Personal Loan/Financing-i Recharge 2020 Connect Exclusive

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Personal Loan/Financing-i Recharge 2020 Connect Exclusive

Personal Loan | HLB Connect | 01 August 2020-31 October 2020

Login to Connect to enjoy flat interest/profit rate at 6.00% p.a.

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

Enjoy rate at 6.00% p.a. when you apply via Hong Leong Connect Online Banking

Affordable instalments for financing tenures of 2 – 5 years

Interest/Profit Rate and Instalments

Interest /Profit Rate

Our rate is on a flat rate basis

Facility Amount

Flat Interest/Profit Rate

Facility Tenure

RM5,000 – RM250,000

(up to RM150,000 Personal Financing-i)

6.00% p.a.

2 to 5 years

Note: Effective interest/profit rates vary from 10.85% p.a. to 11.13% p.a. depending on loan/financing-i tenures from 2 years to 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 with 5 years financing tenure:

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Fees and 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 will be charged on every Interbank Giro (“IBG”), if any.

Late Payment Charge

(applicable to Personal Loan)

1.00% 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 = 1.00% p.a. on the overdue instalment amount.

 

For default payment causing the facility to be terminated or brought to court = 1.00% 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 applications on Connect Internet Banking only

How to Apply

how to apply
  • Terms & Conditions
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