Hong Leong Bank Personal Loan

About Hong Leong Bank

Hong Leong Bank Berhad is a regional financial services company with offices in Malaysia, Singapore, Hong Kong, Vietnam, Cambodia, and China. Hong Leong Bank now offers a wide range of financial and service products to meet its customers’ changing needs and demands. As a result, Hong Leong Bank currently has an extensive branch network of nearly 260 branches that extends beyond Malaysia’s borders.

What is a personal loan?

A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement.

What type of personal loan does Hong Leong Bank offer?

Hong Leong Bank provides 2 types of personal loans:

  • Hong Leong Personal Loan
  • Hong Leong Personal Financing-i

What are the eligibility to apply for Hong Leong Bank personal loans?

The eligibility for individuals to apply for Hong Leong Bank personal loans are as follows:

  • Malaysian citizen
  • Between 21 to 60 years old
  • Minimum annual income of RM24,000

Why should I choose Hong Leong Bank personal loans?

  • Hong Leong Bank offers to finance amounts up to RM250,000
  • Enjoy flat interest rates ranging from 9.00% to 12.50% p.a. (terms and conditions applies)
  • Repayment tenure offered up to 5 years

There are numerous other reasons you should choose Hong Leong Bank personal loans.

What are the benefits I can enjoy from Hong Leong Bank personal loans?

Hong Leong Bank personal loans can provide you with the following benefits:

  • No guarantor or collateral is required
  • Enjoy monthly instalments as low as RM130
  • Flexible repayment tenure up to 5 years
  • Easy application at Hong Leong Bank’s Branches, website, and Connect Online Banking

What are the documents required for Hong Leong Bank personal loans?

When applying for Hong Leong Bank personal loans, the following documents are required:

  • Salaried employee
    • Copy of MyKad (front and back)
    • Latest 3-month salary slip
    • Latest EPF statement with at least 6 months of contribution
    • Latest BE Form with a tax payment receipt
    • Letter of employment

  • Self-employed
    • Copy of MyKad (front and back)
    • Latest 6-month bank statements/ savings passbook
    • Latest B form with a tax payment receipt
    • Latest 6-month commission statement

What are the fees included in Hong Leong Bank personal loans?

Certain fees apply, including

  • Stamp duty

    0.5% of the loan amount

  • Early settlement fee

    No fees provided (2 months’ written notice in advance or 3 months’ interest payment)

  • Late payment fee

    1% on the amount in arrears

Who should I contact for further information about Hong Leong Bank personal loans?

For more information or assistance with Hong Leong Bank personal loans,

  • Contact Customer Relationship Officers at +60376268899
  • Visit the Hong Leong branch nearest you

What are the common terms of personal loan?

  • Per Annum (p.a.)

    The interest rate over one year with the assumption that interest is compounded annually.

  • Tenure

    The period you must repay your loan.

  • Principal

    Principal is commonly known as the loan amount you requested from the bank.

  • Interest rate

    Principal is commonly known as the loan amount you requested from the bank.

  • Instalment

    Instalment is the fixed amount you must repay your personal loan every month until the term expires.

  • Penalty

    A fee that a bank will levy on your overdue amount if you are late with your repayment.

  • Default

    The term used to describe a situation in which a personal loan is not paid off for more than three months.