Hong Leong Housing Loan is one of the home financing schemes offered by the bank. Housing Loan is a term loan which offers extra margin to facilitate the premiums of Mortgage Decreasing Term Assurance. The article aims to give you a definite idea on how the loan facility works.
|Interest Rate Type||Variable.|
|Loan Type||Term Loan/Term Loan + Overdraft Facility; Flexi Loan.|
|Type of Application||Individual Applicants.|
|Type of Property||Residential Properties only.|
Realise your dream of owning a house with the Hong Leong Housing Loan scheme. The loan tenure varies on an individual case basis. Enjoy the flexibility of making early payments and re-draw them as and when required.
Q. What is the current base rate?
A. The base rate as updated in June 2018 by the bank is 4.03%.
Q. How do I get to know the loan amount I am eligible for?
A. Visit the “Home Loan Calculator” section on the website of the bank. You can enter the required details to find out the possible loan amount you are eligible for.
Q. Is the interest rate calculated on a monthly basis?
A. No. The interest rates are calculated on a daily basis.
Q. How do pay my monthly instalments?
A. The bank offers multiple payment modes, such as:
Q. How do I meet the mortgage consultant?
A. The mortgage consultant will visit you at your home or office to assist you through the application process.