Hong Leong Personal Loan

Hong Leong Bank Berhad


Financing Amount: RM2000 – RM250000
Financing Tenure: 2 to 7 Years
Interest Rate : 9% p.a – 13.5% p.a
Loan Features: Conventional, Fast Approval, Unsecured
Employment: GLC Employee, Government Employee, Pensioner, Private Sector Employee, Self Employed
Minimum Yearly Income: RM24000
Age Eligibility: 21 to 60 Years Old
Debt Consolidation: No
Hong Leong Personal Loan

Hong Leong Personal loan is an unsecured conventional personal financing plan from Hong Leong Bank Berhad. Targeted at private sector and self-employed Malaysians, Hong Leong Personal Loan offered financing amount from RM5,000 and RM250,000 for 2 years to 7 years of financing tenure. HLB Personal Loan offer several attractive features such as loan approval within 48 hours, zero processing fee and zero early termination fee.

Hong Leong Personal Loan Features

Some of the attractive features of Hong Leong Personal Loan by Hong Leong Bank Berhad.

  • Flexible financing amount
    Financing amount starts from RM5,000 up to RM250,000.
  • Flexible financing tenure
    Financing tenure for Hong Leong Personal Loan is 2 years to 7 years.
  • Variable profit rates
    Hong Leong Personal Loan offers variable profit rate from 9% to 13.5% p.a.
  • 48 Hours Approval
    One of the best features of Hong Leong Personal Loan is 48 hours approval after application.
  • 100% Disbursement
    Unlike other bank’s personal loan in Malaysia, Hong Leong does not charge any processing fee upon loan approval. However, there is a 0.5% stamp duty fee.
  • No early settlement charges
    There are no early settlement charges if you decide to pay the full amount earlier than the agreed tenure.
  • No early termination fee
    Hong Leong does not charge any early termination fee if you decided to pay off your loan earlier than the agreement.

Requirements & Eligibility

Below are the requirements to apply for Hong Leong Personal Loan

General requirements

  • Malaysian PR
  • Age between 21 and 60 years old.
  • Minimum monthly income is RM2,000, or minimum annual income is RM24,000.
  • Not blacklisted by AEON or any other banks in Malaysia.
  • Not under Special Attention Account (SAA) – Pemerhatian Khas.
  • Not under the Debt Management Programme by AKPK.

For government employee

  • Work status is permanent.

For private employee

  • Have been working for more than 6 months with the employee.
  • Able to provide 6 months or more EPF statement.

For self-employed

  • Registered business with Suruhanjaya Syarikat Malaysia (SSM) for more than 1 year.
  • Registered bank’s current account.

Not eligible to apply?

If you didn't meet the requirements to apply, you can use our "Check Eligibity Form" to find the best personal financing plan for you.

Documents Needed

Since Hong Leong Personal Loan is open to all Malaysians, documents will vary according to your employment.

Government Employee

  1. Original copy of NRIC.
  2. Latest 3 month’s salary slip.
  3. Latest 3 month’s salary crediting bank statement.

Private/GLC Employee

  1. Copy of NRIC (front and back).
  2. Latest 3 months salary slips.
  3. Latest 3 months bank account statement (salary credited).
  4. Latest 6 months EPF(KWSP) statement.

Self-Employed

  1. Copy of NRIC (front and back).
  2. Business Registration Certificate.
  3. Latest 6 months current account statements
  4. Latest BE Form/BE e-Form with valid tax payment receipt.

Documents required to apply for Hong Leong Personal Loan is standard as with other personal financings in Malaysia.

Repayment Schedule/Table

We are still updating the installment/repayment table for Hong Leong Personal Loan. Sorry for the inconvenience.

Charges & Fees

As have been stated earlier, Hong Leong does not impose any processing fee for Hong Leong Personal Loan financing. However, there will be a stamp duty fee of 0.5% upon loan disbursement.

Also, there no early termination fee. However, you will have to inform Hong Leong Bank with a 3 months written notice or 3 months interest payments on the amount redeemed.

A late penalty fee for any amounts in arrears is 1% p.a.

How to Apply

Important!

Before applying, make sure you have read the Requirements & Eligibility section above. There's no point in applying if you are not eligible to apply for this loan.

You can apply for Hong Leong Personal Loan by visiting any of Hong Leong Bank Berhad branch.

You can also apply online from the comfort of your home or office using iMoney service. It’s free and in some cases you will get quicker result with higher approval rate. Read more below.

Apply Hong Leong Personal Loan with iMoney

Do you know you can apply Hong Leong Personal Loan through iMoney? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and iMoney will call you within 24 hours and guide you step by step through the application process. And their service are 100% Free of Charge.

If you would like a hassle-free Hong Leong Personal Loan application, give iMoney a try. Click APPLY NOW button and apply for Hong Leong Personal Loan through iMoney right now.

You will be redirected to iMoney website. On the website, choose Hong Leong Personal Loan and click Apply Now to proceed with your application.

Hong Leong Personal Loan Review

Hong Leong Personal Loan is an attractive personal financing plan from Hong Leong Bank Berhad. One of the most attractive features of this loan is 48 hours approval after application. Hong Leong Personal Loan also offers full disbursement and do not impose any processing charges or early settlement fee. With financing amount up to RM250,000 – Hong Leong Personal Loan is the on to consider if you are looking for a quick and high financing amount.

Hong Leong Personal Loan

Pros

  • High financing amounts up to RM250,000.
  • Financing tenure up to 7 years.
  • 48 hours approval.
  • Full disbursement.
  • No early termination fees.

Cons

  • Only for private sector and self-employed.
  • Minimum financing amount start from RM5,000.

Our Rating

4

Out of 5

Frequently Ask Questions on Hong Leong Personal Loan

Below are some of the frequently ask question regarding Hong Leong Personal Loan

What is Hong Leong Personal Loan?

Hong Leong Personal Loan a Conventional Personal Financing plan from Hong Leong Bank Berhad.

Who can apply for Hong Leong Personal Loan?

Hong Leong Personal Loan is offered to Malaysian Citizen aged between 21 and 60, working in the Public Sector, Private Sector, Self Employed, Pensioner with a minimum annual income of RM24000. Please refer to the “Requirements and Eligibility section” for the complete requirements.

How much can I borrow from Hong Leong Personal Loan?

You can borrow from RM2000 up to RM250000. However, final approval amount will depends on several factor such as your income, credit score, etc.

How long is the financing tenure?

Hong Leong Personal Loan offer a financing tenure from 2 to 7 years. However, maximum financing tenure will depends on Hong Leong Bank Berhad final decision.

How can I apply for Hong Leong Personal Loan?

Please refer to the “How to Apply Section” above.

How long do I have to wait for result?

Usually you will get your Hong Leong Personal Loan application’s result in 48 hours after you have submitted the required documents.

How much do I have to pay every month?

Please refer to the “Loan Repayment Schedule” above.

Can I apply Hong Leong Personal Loan for Debt Consolidation?

No, this loan is not available for debt consolidation.

Can I apply if I am blacklisted in my CTOS report?

Sorry, you can’t apply for Hong Leong Personal Loan if you are blacklisted in your CTOS report. However, if you are blacklisted by non-financial institution such as telecommunication companies, easy payment scheme, etc, you are eligible to apply.

Can I apply if I have a bad credit score in my CCRIS report?

Sorry, you are not eligible to apply for Hong Leong Personal Loan if you have outstanding credit in your CCRIS report.

Can I apply if I’m under AKPK Debt Management Programme?

Unfortunately no. You cannot apply any bank loans if you are under the AKPK Debt Management Programme.

I have other questions regarding Hong Leong Personal Loan

Please leave your question in the comment section below. We will reply to them as soon as possible.

Got Questions Regarding Hong Leong Personal Loan?

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