Chapter 9: Personal loans offered by Hong Leong Bank

 

Hong Leong Bank

The following are the personal loan schemes offered by Hong Leong Bank Berhad.

 A. Hong Leong Personal Loan

1.Total finance: RM 5,000 – RM 150,000

2. Finance period: 24 – 60 months

3. Annual profit rate: 9% p.a – 12.5% p.a

4. Salary eligibility: Gross salary RM 2,000 per month or RM 24,000 per year

5. Eligibility requirements:

Ø General requirements:

·         Malaysian.

·         Aged 21 to 60 years.

·         Minimum income of RM 2,000 per month and above or RM 24,000 per year and above.

·         Not blacklisted by AEON or any Bank in Malaysia.

·         No Accounts Under Special Observation (SAA).

·     Not under the auspices Credit Counselling and Debt Management Agency (AKPK)

6. Required documents:

Ø For Private Employees / Government / Government-Linked Company (GLC) / Retirees:

·         Copy of front & back identity card.

·        Copy of 3 months latest salary slip / pension payment statement.

·         Copy of latest EPF statement.

·         Latest Annual Income (EA) Form.

  

Ø For self -employment:

·         Copy of front & back identity card.

·         Copy of company registration certificate or opening license.

·        Copy of 6 months latest company bank statement.

·         Copy of latest Form B. 

7.  Charges imposed:

·         Stamp duty charge of 0.5% of the loan amount (deducted from the loan passed).

·         Late Penalty Fee of 1% of the loan balance

* Hong Leong does not charge any processing charges of Early Termination Fee.

B. Hong Leong Islamic Personal Financing-i

1. Total finance: RM 5,000 – RM 150,000

2.  Finance period: 24 – 60 months

3. Annual interest rate: 9.0% p.a – 12.50% p.a

4.Salary eligibility: Gross salary RM 2,000 per month or RM 24,000 per year

5.Eligibility requirements:

Ø General requirements:

·         Malaysian.

·         Aged 21 to 60 years.

·         Minimum income of RM 2,000 per month and above or RM 2,400 per year and above.

·         Not blacklisted by AEON or any Bank in Malaysia.

·         No Accounts Under Special Observation (SAA).

·     Not under the auspices Credit Counselling and Debt Management Agency (AKPK)

 

6. Required documents:

Ø For private employees:

·         Copy of front and back identity card.

·        Copy of 3 months latest salary slip.

·         Copy of 3 months latest salary entry bank account.

·         Copy of latest EPF statement.

Ø For self -employment

·         Copy of front & back identity card.

·         Copy of company registration certificate or opening license.

·        Copy of 6 months latest company bank statement.

·         Copy of latest Form B.

 

7. Charges imposed:

·         a stamp duty charge of 0.5% of the loan amount passed.

*There are no charges if your Personal Financing-i Loan application is approved. This is among the Islamic personal loans in Malaysia with 100% disbursement.

.C. Hong Leong Mach IOU

1. Total finance: RM 5,000 – RM 250,000

22. Finance period: 24 – 60 months

3.Annual profit rate: 12.5% p.a – 12.5% p.a

4. Salary eligibility: Gross salary RM 2,000 per month or RM 24,000 per year

5. Eligibility requirements:

Ø General requirements:

·         Malaysian.

·         Aged 21 to 60 years.

·      Open to all types of jobs with permanent positions.

·         Minimum income of RM 2,000 per month and above or RM 24,000 per year and above.

·         Not blacklisted by AEON Credit or any Bank in Malaysia.

·         No Accounts Under Special Observation (SAA).

·     Not under the auspices Credit Counselling and Debt Management Agency (AKPK)

6. Required documents:

·         Copy of front & back identity card.

·         Copy of latest EPF statement.

·    Copy of the statement will be the bank with the applicant’s full name and account number.

  

7. Charges imposed:

·         No processing charges.

·         Stamp duty charge of 0.5% of the loan amount passed.

·         No early termination charges. You only need to provide a written notice 3 months in advance of the date you want to pay the balance of the loan. Hong Leong Bank will provide a rebate on the remaining interest.

·          Late payment charge of 1% of the outstanding balance.

 That's all for now~ See you in the next chapter!😉