1. Who are the Smart Partners?
Our Smart Partners are Switch and Urban Republic, owned by CG Computers Sdn Bhd, and Switch is an Apple Premium Reseller while Urban Republic is an Authorized Reseller in Malaysia with outlets located in Penang, Kedah, Perak, Selangor, Kuala Lumpur, Kelantan, Johor, Malacca, Sabah and Sarawak. Their website is www.switch.com.my and www.urbanrepublic.com.my.
2. What is the eligibility of the application?
Malaysian citizens who are aged 21-60 years old, earning RM2,000 and above
3. Are there any interest or fees associated with the personal loan taken under this campaign?
The interest rate on our personal loans under this promotion vary between 6% p.a. flat rate to 10% p.a. Effective interest rates vary from 10.90%-17.60% for Facility tenures from 1-5 years. There will be stamp duties of 0.5% of the approved loan amount that will be deducted from the loan amount upfront prior to disbursement. Late fees of 1% p.a. on the amount owing applies. Please refer to the Product Disclosure Sheet for further details.
4. I want to buy an item worth RM5,000 and wish to get an extra cash out of RM1000 for my own personal use (total amount to apply: RM6,000). Is this possible?
No, the cash out option can only be used to top up the purchase price so that it rounds up to the nearest thousand ringgit for the purpose of personal loan application.
As an example, if you wish to buy an item worth RM4,600 you have two choices in terms of loan amounts.
5. Will there be credit checks when I participate in this campaign?
Yes, when you first apply for a personal loan under this campaign, Hong Leong Bank will perform a credit check to determine your eligibility for loan.
6. How do I pay for my monthly instalments?
You can pay for your monthly instalments via internet banking/online transfer/Interbank Giro (IBG) or transfer via ATMs.
7. Can I buy multiple products and consolidate it into one personal loan?
Yes, you are able to do so, subject to a minimum loan amount of RM3,000.
8. Can I apply through any Hong Leong Bank branches?
This promotion is offered exclusively for Switch and Urban Republic customers. If you are interested in this campaign, please get in touch with front line staff of Switch and Urban Republic outlets who will be able to assist you.