Features & Benefits
20% Cashback on interest
Monthly instalments as low as RM126*
No collaterals and guarantor required
Flexible repayment tenure of up to 5 years
Minimum income eligibility of RM24,000 per annum
Easy application available at our Bank's Branches, Website and HLB Connect Online Banking
Financing amount up to RM250,000
Eligibility
- Malaysian citizens only, aged between 21 to 60 years old
- Earn a minimum annual income of RM24,000 per annum
More details
Less details
Optional Takaful coverage**
Covers your loan to safeguard your loved ones upon Death or Total and Permanent Disability (TPD)
Single contribution payment for protection up to five years
More details
Less details
* Based on a financing tenure of 5 years for RM5,000, and during Cashback Period.
Other terms and conditions apply.
**The takaful product is underwritten by Hong Leong MSIG Takaful Berhad. Hong Leong MSIG Takaful Berhad is a member of Perbadanan Insurans Deposit Malaysia (PIDM). The benefit(s) payable under eligible product is (are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Hong Leong MSIG Takaful Berhad or PIDM (visit www.pidm.gov.my).
| Individual Applicant (Employed) | Individual Applicant (Self-Employed) | ||||
|---|---|---|---|---|---|
| Fixed Income | Variable Income | Sole-Prop / Partnership / Private Limited / Public Listed | |||
| MNC | Non-MNC | MNC | Non-MNC | ||
| Identification Documents | NRIC front and back | NRIC front and back | |||
| 1.Business Registration to proof minimum 2 year Business Operations or 2. Professional/Practicing Certificate and Proof of Business Operating 2 years or 3. Latest 2 years Business License for Sabah/Sarawak. |
|||||
| Acceptable Income Documents | Latest 1 month payslip or | Latest 3 months payslips + 3 months bank statements to prove salary crediting or EPF/CPF or | Latest 6 months payslips or | Latest 6 months salary slips + 6 months bank statements to prove salary crediting/EPF/CPF or | Latest 6 months business bank statements or |
| Latest 3 months personal bank statements (with proof of latest 3 months salary crediting) or | Latest 6 months commissions slips or | Latest 6 months commissions slip + 6 months' bank statements to prove salary crediting or EPF/CPF or | - | ||
| Latest EPF/CPF statement (with proof of latest 3 months crediting) or | Latest EPF/CPF statement (with proof of latest 3 months crediting) or | Latest EPF/CPF (with proof of latest 6 months crediting) or | Latest EPF/CPF (with proof of latest 6 months crediting) or | Latest 6 months EPF contribution (only for Sdn Bhd companies only) or | |
| Latest EA form/IR for Malaysians working in Singapore (EA or IR must be dated last 12 months from print out date) or | - | Latest EA form/IR for Malaysians working in Singapore (EA or IR must be dated last 12 months from print out date) or | - | - | |
| Latest 2 years Form BE with matching payment receipts/Latest 2 years NOA for Malaysians working in Singapore | Latest 2 years Form BE with matching payment receipts/Latest 2 years NOA for Malaysians working in Singapore | Latest 2 years Form BE with matching payment receipts/Latest 2 years NOA for Malaysians working in Singapore | Latest 2 years Form BE with matching payment receipts/Latest 2 years NOA for Malaysians working in Singapore | Latest Form B with matching payment receipt | |
| Optional Documents | Rental income (valid Tenancy Agreement with latest 3 months bank statement crediting proof and latest 1 month Utility Bill) | ||||
| Proof of 2 years bonuses | - | ||||
| Cash Investments (FD, Mutual Funds, etc.) | - | ||||
| Approved Facility Amount |
Flat Interest Rate (p.a.) |
Monthly Instalment Before Cashback Period (RM) |
Monthly Instalment During Cashback Period (RM) |
||
|---|---|---|---|---|---|
| 2 Years |
5 Years |
2 Years |
5 Years |
||
| 5,000 | 12.50% | 265 | 140 | 224 |
126 |
| 50,000 | 11.00% | 2,545 | 1,295 | 2,179 |
1,165 |
| 100,000 | 10.00% | 5,000 | 2,500 | 4,334 |
2,262 |
| 150,000 | 9.00% | 7,375 | 3,625 | 6,475 |
3,304 |
Note:
- Flat interest rate ranges from 9.00% p.a. to 12.50% per annum, depending on approved facility amount, verified monthly income, facility tenure and application channel.
- Effective Interest Rate ranges from 15.71% p.a. to 22.42% p.a.
- The above table serves as an illustration for a customer with a verified monthly income of RM4,000 and above.
- Monthly Instalment Before Cashback Period will be rounded up to the nearest RM5.
Important Notice:
Please click here for the non-exhaustive list of fees and charges.
*Subject to Government Tax, if applicable
1. What is Hong Leong Bank (HLB) Personal Loan?
HLB Personal Loan is an unsecured personal term loan with a fixed interest rate that does not require collaterals or a guarantor.
2. What are the key benefits of a HLB Personal Loan?
- Cashback on interest when you pay-on-time.
- Attractive interest rates.
- Easy application.
- Repayment tenures of 2 years (24 months) to 5 years (60 months).
3. Who is eligible to apply for HLB Personal Loan?
- Malaysian citizens aged between 21 to 60 years old, employed or self-employed individuals. (including sole-proprietors) working in Malaysia who earn a minimum annual income of RM24,000 per annum.
- Malaysian citizens aged between 21 to 60 years old, employed individuals working in Singapore who earn a minimum annual income of SGD24,000 per annum.
4. Is Islamic Financing available?
Yes, please visit our Hong Leong Islamic Bank (HLISB) Personal Financing-i webpage to learn more about our Islamic facility.
5. What is the minimum and maximum loan amount I can borrow?
The minimum loan amount is RM5,000, while the maximum loan amount is RM250,000. All applied loan amount is subject to credit evaluation.
6. What is the minimum and maximum loan tenure that is available?
The minimum loan tenure is 2 years (24 months), while the maximum is 5 years (60 months).
7. How do I apply for a HLB Personal Loan?
- Visit any of our HLB branches
- Apply online via our HLB website
- Apply via our Online Banking at HLB Connect Online
8. How do I make monthly payments?
- Cash or cheque at any of the HLB branches nationwide
- Cash or cheque through Cash/Cheque deposit machines at selected HLB branches
- Cheque via post
- Standing Instruction from your Current/Savings account
- Online payment via HLB Connect Online (HLB Connect Users Only)
9. How will I receive the funds?
Funds will be disbursed to your designated personal current or savings account. The personal account must be opened, operated and maintained under the Personal Loan applicant.
10. How do I check the status of my application?
You can track the status of your application on the HLB webpage under “Track My Application.”
11. How do I know if my application has been approved or declined?
You will be notified via SMS upon the approval or rejection of your loan application.
12. How much is the late payment charge?
All instalments due but not paid by the due date will be charged late charges. The late charges are 1% per annum on the outstanding instalment amount in arrears till date of full monthly repayment (daily rest basis).
13. What is Early Settlement?
Early Settlement refers to the premature termination of the HLB Personal Loan where the borrower pays the outstanding balance in his/her account before the maturity date of the loan.
14. How much are the Early Settlement fees?
There are no Early Settlement fees, provided 3 months prior written notice is given to the bank or payment of 3 months interest on the amount redeemed in lieu of notice.
15. What happens if I pay extra for my monthly instalment?
Any overpayment of the monthly instalment will be treated as advance payment and counted towards next month’s instalment payment.
16. Where can I get more information?
For additional information on HLB Personal Loan, please visit HLB’s website. Alternatively, you can contact us here.
