Hong Leong Bank (HLB)
Apply your Hong Leong Bank personal loan now with easy payment and get 20% cashback on interest rate. Act now and enjoy the benefits only with HLB.
Introduction
Hong Leong Bank Berhad is a regional financial services company based in Malaysia, with presence in Singapore, Hong Kong, Vietnam, Cambodia and China. The Bank is technology-focused and emphasises the development of financial capabilities to serve its clients across the five geographies.
Hong Leong Bank Berhad (“HLB” or “the Bank”) is listed on Bursa Malaysia and forms part of the Hong Leong Group. Headquartered in Kuala Lumpur, the Bank has a strong Malaysian entrepreneurship heritage.
HLB was originally incorporated as Kwong Lee Mortgage and Remittance Company in 1905 in Kuching, Sarawak and later as Kwong Lee Bank Limited in 1934, bearing heritage of the oldest local financial institution in Malaysia.
Kwong Lee Bank Berhad was acquired by the MUI Group in May 1982 and renamed Malayan United Bank Berhad on 2 February 1983. In 1989, it was renamed as MUI Bank. Under the MUI Bank banner, it grew from 11 to 35 branches nationwide.
On 3 January 1994, Hong Leong Group acquired MUI Bank Berhad through Hong Leong Credit Berhad (now known as Hong Leong Financial Group Berhad) and renamed it Hong Leong Bank Berhad.
The Bank was listed on the Kuala Lumpur Stock Exchange (now under Main Market of Bursa Malaysia) on 17 October 1994 and since then has grown by leaps and bounds, organically as well as through mergers and acquisitions. Today the Bank is Malaysia’s fifth largest banking group by assets with over RM220 billion in assets as at 30 June 2020, and 4th largest by market capitalisation as at the same date.
Popular Personal Financings
For Online Applications
Our rate is on a flat rate basis
| Facility Amount | Verified Monthly Income | Flat Interest/Profit Rate | Facility Tenure |
|---|---|---|---|
RM5,000 – RM250,000 (up to RM150,000 Personal Financing-i) | RM2,000 – RM4,999 | 7.00% p.a. | 2 to 5 years |
Note: The effective interest/profit rates vary as follows for loan/financing-i tenure from 2 – 5 years:
- Flat interest/profit rate 5.00% p.a.: Effective interest/profit rates vary from to 9.15% p.a. to 9.32% p.a.
- Flat interest/profit rate 7.00% p.a.: Effective interest/profit rates vary from to 12.50% p.a. to 12.91% p.a.
- 0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.
For Connect Online Banking Applications
Our rate is on a flat rate basis
| Facility Amount | Verified Monthly Income | Flat Interest/Profit Rate | Facility Tenure |
|---|---|---|---|
RM5,000 – RM250,000 (up to RM150,000 Personal Financing-i) | RM2,000 and above | 5.00% p.a. | 2 to 5 years |
Note: Effective interest/profit rates vary from 9.15% p.a. to 9.32% 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.
For Online Applications from 5.00% /p.a flat rate
HLB interest/ profit rate for online applications from 5.00% /p.a flat rate
- Effective interest/profit rates vary from to 9.15% p.a. to 9.32% p.a.
- Facility Amount RM5,000 – RM250,000
- Verified Monthly Income RM2,000 – RM4,999: 7.00% p.a.
- Facility Tenure: 2 to 5 years
- Note: The effective interest/profit rates vary as follows for loan/financing-i tenure from 2 – 5 years:
For Connect Online Banking Applications from 5.00% /p.a
HLB interest/ profit rate for Connect Online Banking Applications from 5.00% /p.a
- Facility Amount RM5,000 – RM250,000
- Verified Monthly Income RM2,000 and above
- Profit Rate 5.00% p.a.
- Facility Tenure 2 to 5 years
- Note: Effective interest/profit rates vary from 9.15% p.a. to 9.32% p.a. depending on loan/financing-i tenures from 2 years to 5 years.
With Cashback
- 20% Cash Back on interest
- Monthly instalments as low as RM130*
- Fast approval within 48 hours**
- Flexible repayment tenure of up to 5 years
- Minimum income eligibility of only RM24,000 per annum
- No guarantor and no collateral
- 5-minute loan approval at am:pm Convenient Banking**
Eligibility
- Malaysian citizens only, aged between 21 to 60 years old
- Earn a minimum annual income of RM24,000 per annum
* Based on a financing tenure of 5 years for RM5,000, and during Cash Back Period.
** 48-hour loan approval is subject to terms and conditions.
Take advantage of our HLB 4.38% p.a. low flat rate
Other terms and conditions apply.
Repayment Table
| Loan (RM) | Int Rate (p.a.) | Monthly Instalment (RM) | Monthly Instalment During Cash Back Period (RM) | ||
|---|---|---|---|---|---|
| 2 Years | 5 Years | 2 Years | 5 Years | ||
| 5,000 | 12.50% | 265 | 140 | 245 | 130 |
| 50,000 | 11.00% | 2,545 | 1,295 | 2,365 | 1,180 |
| 100,000 | 10.00% | 5,000 | 2,500 | 4,670 | 2,395 |
| 150,000 | 9.00% | 7,375 | 3,625 | 6,925 | 3,345 |
Note:
- Flat interest rate ranges 9.00% per annum – 12.50% per annum depending on loan amount, income and tenure.
- Effective Interest Rate ranges from 12.38% – 22.42% per annum.
- The above table serves as illustration purpose only, with the assumptions of customer with a minimum monthly income of RM4,000 and above.
- Actual monthly instalment will be rounded up to the nearest RM5.
Fee and Charges
Refer to the below for the Fees and Charges applicable:
| 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) |
| 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
Contact Us
- Call Center: 03-7626 8899
Collections Department: 03 7959 1888
Media Related: 03 2081 8888 - Hong Leong Bank Berhad
Level 18, Menara Hong Leong,
No 6, Jalan Damanlela,
Bukit Damansara,
50490 Kuala Lumpur
Malaysia
