Hong Leong Bank

Unlock your potential and achieve your best financial goals with a Hong Leong Bank personal loan. Offering flexible terms, competitive rates, and a hassle-free application process, Hong Leong Bank provides the ideal solution for managing your finances. Whether you need to consolidate debt, fund a major purchase, or invest in your future, our personal loan options are designed to support your journey towards financial empowerment. Apply today and take the first step towards a brighter financial future with Hong Leong Bank.

Introduction

Hong Leong Bank Berhad, a prominent regional financial institution headquartered in Kuala Lumpur, Malaysia, extends its reach across various geographies, including Singapore, Hong Kong, Vietnam, Cambodia, and China. The bank’s core focus lies in leveraging technology to enhance financial capabilities, ensuring unparalleled service delivery to clients across its operational territories.

Origins and Heritage

Tracing its roots back to 1905, Hong Leong Bank Berhad, initially known as Kwong Lee Mortgage and Remittance Company, commenced its journey in Kuching, Sarawak. Over the years, it evolved into Kwong Lee Bank Limited in 1934, boasting a rich heritage as one of Malaysia’s oldest local financial institutions.

Evolution under MUI Group

In May 1982, Kwong Lee Bank Berhad was acquired by the MUI Group and subsequently rebranded as Malayan United Bank Berhad in February 1983. The bank experienced significant expansion under the MUI Bank banner, growing from 11 to 35 branches nationwide, thereby solidifying its presence in the Malaysian banking landscape.

Acquisition by Hong Leong Group

In a strategic move, the Hong Leong Group acquired MUI Bank Berhad on 3 January 1994, through Hong Leong Credit Berhad, which is now known as Hong Leong Financial Group Berhad. Following the acquisition, the bank was rebranded as Hong Leong Bank Berhad, marking the onset of a new era for the institution.

Growth and Expansion

Subsequently, Hong Leong Bank Berhad made its debut on the Kuala Lumpur Stock Exchange on 17 October 1994, experiencing exponential growth through organic initiatives and strategic mergers and acquisitions. Today, the bank stands as Malaysia’s fifth-largest banking group by assets, boasting assets exceeding RM220 billion as of 30 June 2020. Additionally, it ranks as the fourth-largest banking group by market capitalization, showcasing its robust position in the financial market.

HLB Personal Loan

Tailored Banking Solutions for Your Needs

Experience unparalleled convenience and financial flexibility with Hong Leong Bank (HLB) personal loan, Malaysia’s premier banking solution tailored to your needs. Embrace the opportunity to secure the best financing options available in the market by applying today with the best bank in Malaysia!

Features and Benefits:

• 20% Cash Back on Interest: Enjoy substantial savings on your loan repayments with this exclusive offer.
• Monthly Instalments as Low as RM130: Manage your finances with ease with low monthly instalments.
• Fast Approval within 48 Hours: Access funds swiftly with our lightning-fast approval process.
• Flexible Repayment Tenure of Up to 5 Years: Tailor your repayment schedule to suit your financial situation.
• Minimum Income Eligibility of Only RM24,000 per Annum: Qualify for our personal loan with ease.
• No Guarantor and No Collateral: Enjoy hassle-free borrowing without the need for additional security.
• 5-Minute Loan Approval at am
   

  Convenient Banking: Apply for your loan anytime, anywhere with our convenient banking services.

Eligibility:

• Malaysian Citizens Only, Aged Between 21 to 60 Years Old: Our personal loan is exclusively available to Malaysian citizens within a certain age range.
• Minimum Annual Income of RM24,000 per Annum: Ensure you meet the minimum income requirement to qualify for our personal loan.

Additional Offer:

• Take Advantage of Our Hong Leong Bank 4.38% p.a. Low Flat Rate: Benefit from our competitive interest rate for greater affordability.

Please note that the 48-hour loan approval is subject to terms and conditions. Apply now to enjoy the benefits of Hong Leong Bank personal loan and take the first step towards achieving your financial goals. Terms and conditions apply, so contact us now to learn more and seize this incredible opportunity.

Interest/Profit Rate and Installments

Interest/Profit Rate for Online Applications 1

Our rate is on a flat rate basis

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.

Interest/Profit Rate for Connect Online Banking Applications 2

Our rate is on a flat rate basis

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.

Online Application Interest/Profit Rates

Flat Rate Offer: 5.00% p.a.

Hong Leong Bank (HLB) presents an enticing flat rate, commencing from 5.00% per annum, for customers opting for online loan applications. This offer provides borrowers with a competitive advantage in managing their financial needs efficiently.

• Facility Amount: The loan amount ranges from a minimum of RM5,000 to a maximum of RM250,000, ensuring flexibility to accommodate various financial requirements.
• Verified Monthly Income: Individuals with verified monthly incomes falling within the range of RM2,000 to RM4,999 are eligible for a special interest rate of 7.00% p.a., further enhancing affordability and accessibility.
• Facility Tenure: Borrowers have the liberty to select a repayment tenure spanning from 2 to 5 years, allowing for personalized financial planning and budgeting.

Note: While the flat rate provides a clear starting point, borrowers should consider the effective interest/profit rates, which may range between 9.15% p.a. to 9.32% p.a., depending on the tenure of the loan/financing-i, extending from 2 to 5 years.

HLB Connect Online Banking Application Rates

Profit Rate: 5.00% p.a.

For applicants utilizing the HLB Connect Online Banking platform, Hong Leong Bank offers a competitive profit rate of 5.00% per annum. This exclusive rate is designed to cater to the evolving needs of modern-day customers, ensuring convenience and accessibility.

• Facility Amount: Similar to online applications, the loan facility amount ranges from RM5,000 to RM250,000, providing borrowers with ample financial flexibility to address diverse needs and aspirations.
• Verified Monthly Income: Eligibility for this profit rate is extended to individuals with a verified monthly income of RM2,000 and above, reflecting HLB’s commitment to inclusivity and customer-centricity.
• Facility Tenure: Borrowers can choose a repayment tenure ranging from 2 to 5 years, allowing for personalized financial management and planning in alignment with individual preferences and requirements.

Note: While the profit rate of 5.00% p.a. offers an attractive proposition, borrowers should be mindful of the effective interest/profit rates, which may vary between 9.15% p.a. to 9.32% p.a., depending on the tenure of the loan/financing-i, spanning from 2 to 5 years.

Repayment Table

Please refer to the Hong Leong Bank (HLB)’s personal loan repayment table below for detailed information regarding repayment schedules and terms.

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.

Fees and Charges

Transparent Breakdown for Informed Decisions

For details regarding fees and charges applicable to Hong Leong Bank (HLB)’s personal loan, please refer to the information provided below. This comprehensive breakdown ensures transparency and clarity regarding any associated costs, allowing you to make informed decisions regarding your loan.

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 installment 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 Hong Leong Bank

Hong Leong Bank Berhad

Level 18, Menara Hong Leong,
No 6, Jalan Damanlela, Bukit Damansara,
50490 Kuala Lumpur
Malaysia

Call Center: 03-7626 8899
Collections Department: 03 7959 1888
Media Related: 03 2081 8888