Transform Your Dreams into Reality with Hong Leong Bank Personal Loan

Discover the key to realizing your financial aspirations with Hong Leong Bank personal loan. With flexible terms, competitive rates, and hassle-free application, now is the time to take charge of your finances. Apply today and embark on your journey towards financial empowerment.

Pinjaman Peribadi Hong Leong Bank Personal Loan

Hong Leong Bank Personal Loan Summary

  • Bank Name: Hong Leong Bank
  • Abbreviation / Code Name: HLB
  • Bank Promotion Name: General info about personal financing

Introduction: Hong Leong Bank Berhad

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.

Conclusion: A Legacy of Excellence

Hong Leong Bank Berhad’s journey epitomizes resilience, innovation, and unwavering commitment to excellence. With a heritage rooted in Malaysian entrepreneurship and a vision geared towards technological advancement, the bank continues to redefine the financial landscape, delivering exceptional value to clients and stakeholders alike.

Hong Leong Bank HLB Interest/Profit Rate and Installments

Hong Leong Bank Personal Loan HLB

Interest/Profit Rate for Online Applications

Our rate is on a flat rate basis

Facility AmountVerified Monthly IncomeFlat Interest/Profit RateFacility Tenure

RM5,000 – RM250,000

(up to RM150,000 Personal Financing-i)

RM2,000 – RM4,9997.00% 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.

Hong Leong Bank Interest/Profit Rate for Connect Online Banking Applications

Our rate is on a flat rate basis

Facility AmountVerified Monthly IncomeFlat Interest/Profit RateFacility Tenure

RM5,000 – RM250,000

(up to RM150,000 Personal Financing-i)

RM2,000 and above5.00% 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.

Exploring Hong Leong Bank's 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.

Conclusion

Hong Leong Bank’s online application interest/profit rates present a compelling opportunity for individuals seeking financial solutions tailored to their needs. With competitive rates, flexible repayment options, and hassle-free application processes, HLB remains dedicated to empowering customers on their financial journeys. It is essential for borrowers to carefully consider their financial circumstances and goals before selecting the most suitable loan option.

Article Related to Personal Financing from Banks

https://www.hlb.com.my

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Frequently Asked Questions (FAQ) about Hong Leong Bank Personal Loan

Curious about Hong Leong Bank personal loan? Explore our FAQ section for answers to common questions. Find out more about our services, policies, and how we can meet your needs. Dive into our FAQ to discover everything you need to know before getting started. Start exploring now!

What are the interest rates of Hong Leong Bank personal loans?

The interest rates for Hong Leong Bank personal loans are from 5.00% p.a, 7% p.a and effective interest from 9.15% up to 9.35%. Terms and conditions apply.

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