The Hong Leong MortgagePlus loan facility is available for completed properties, and properties under construction. You can secure great savings when you have your loan account linked to your current account. When you make prepayments, the interest rate and loan tenure will automatically reduce.
|Type of Financing||Flexi|
|Minimum loan amount||RM100,000|
|Processing Fee||Currently waived|
|Stamp Duty||As per Stamp Duty Act 1949|
|Legal Fees||As per the scale in the Solicitors’ Remuneration Order|
|Set-up Fees||RM200 (one-time)|
|Monthly Maintenance Fees||RM10|
|Advance Payment Redrawing Service Fees||RM50|
|Late Payment Charges||1% of the balance amount|
|Age Requirement||18 years old.|
|Income Requirement||3 times monthly repayment.|
|Application type||Documents Required|
|Self-employed Partnership/Sole Proprietorship||
|Self-employed Company Director||
You can apply for the Hong Leong MortgagePlus facility if you are looking for a loan with the option to withdraw funds from your current account, or to make extra payments. Your loan account will be linked to your current account. Fees and interest for this facility will reflect on your MortgagePlus account.
Q. How many accounts do I need when I apply for this loan?
A. You will need a MortgagePlus account which is a term loan account. A non-interest bearing current account will be linked to your MortgagePlus account.
Q. How will I be able to repay the loan with two account numbers?
A. In order to repay the loan, you will have to set up standing instructions on your current account. The interest, maintenance fee, and the instalment amount will be automatically transferred from your current account to your MortgagePlus account.
Q. I already have a current account. Will I be able to use this account instead of opening a new one?
A. You can use your current account, provided the account is a non-interest bearing account.
Q. Is this loan facility available for non-residential properties?
A. Yes. The loan facility is applicable for residential and non-residential properties, which can be completed or under construction.
Q. What are the modes of loan repayment?
A. If you maintain sufficient loan amount in your current account, the instalment will be automated. If you don’t have sufficient funds, you must pay with your MortgagePlus loan account. You can also pay via the following ways: