Personal Loan/Financing-i Stay Strong Campaign Branch Offer

Personal Loan/Financing-i Stay Strong Campaign Branch Offer

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  • Personal Loan/Financing-i Stay Strong Campaign Branch Offer
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Personal Loan | 02 November 2020-31 December 2020

Enjoy low financing rates from 3.60% p.a.*

Visit Nearest Branch

Features and Benefits

Enjoy interest/profit rate as low as 3.60% p.a.*

Save up to RM67,500 on interest/profit

Based on RM250,000 financing taken over 5 years

Stretch your payment tenure up to 5 years

*Interest/profit rate shown is applicable after 60% Pay-On-Time Rebate.

Interest/Profit Rate and Instalments

Interest /Profit Rate

Our rate is on a flat rate basis

Approved Facility Amount

Flat Interest/Profit Rate

Monthly Verified Income

Applicable Pay-On-Time Rebate

Rate after Pay-On-Time Rebate

RM5,000 – RM250,000

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

9.00% p.a.

RM2,000 – RM4,999

25%

6.75% p.a.

RM5,000 and above

50%

4.50% p.a.

Do you have a valid receipt for any Fixed Deposit/Fixed Deposit-i and/or Amanah Saham Berhad and/or Amanah Saham Nasional and/or Amanah Saham Nasional Berhad and/or unit trust/Shariah compliant unit trust and/or equity/Shariah compliant equity and/or bond/sukuk investments? Get better Pay-On-Time Rebate rates when you submit a copy of your receipt*!

Approved Facility Amount

Flat Interest/Profit Rate

Monthly Verified Income

Applicable Pay-On-Time Rebate

(with Valid Investment receipt)

Rate after Pay-On-Time Rebate

(with Valid Investment receipt)

RM5,000 – RM250,000

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

9.00% p.a.

RM2,000 – RM4,999

35%

5.85% p.a.

RM5,000 and above

60%

3.60% p.a.

*The Valid Investment placement amount must be a minimum of 25% of the applied Facility amount.

Note:

(i) 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 from 2 years to 5 years.

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

Enjoy up to 60% interest/profit rebate when you pay on time!

Assuming your total approved facility amount is RM100,000 with 5 years financing tenure and you qualify for 60% Pay-On-Time Rebate with Valid Investment Receipt:

how loan works
normal period monthly instalment
normal period monthly instalment

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.

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)
  • Facility tenure from 2 to 5 years

How to Apply

Visit your nearest branch today.

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For enquiries, connect with us online or drop by your nearest Hong Leong Bank Branch.


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