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.
