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Hong Leong Refinancing

The Hong Leong Refinancing scheme is a flexible facility that can be personalised to suit your needs. You can make extra payments during the tenure, and also withdraw any extra payments you have made previously. With the Hong Leong Refinancing scheme, you also can get up to 100% waiver on stamp duty charges.

Features and Benefits

  • Opt for a term loan, or a combination of overdraft facility and term loan.
  • Make extra payments whenever you want, in any amount.
  • Withdraw the extra payments as per your need.
  • Get up to 100% stamp duty waiver depending on the loan amount.

Fees and Charges

Processing Fee None
Set-up Fees RM200.
Stamp Duty As per Stamp Duty Act 1949. You can get up to 100% stamp duty waiver.
Legal Fees As per the scale on the Solicitors’ Remuneration Order.
Termination Fees RM2,000.
Monthly Maintenance Fees RM10.
Advance Payment Redrawing Service Fees RM50.
Late Payment Charges 1% of the outstanding amount.

Eligibility

Eligibility Criteria Individual customers

Required Documents

Application Type Documents Required
Salaried Professionals
  • Salary slips (latest 3 months).
  • Bank statement (latest 3 months).
  • Latest Borang BE along with the tax payment receipt.
  • Latest EPF statement.
Self-employed Professionals
  • Salary slips (latest 3 months/6 months).
  • Bank statement (latest 3 months/6 months).
  • Latest Borang B/BE along with tax payment receipt.
Self-employed Sole Proprietorship/Partnership
  • Borang A/B (valid Business Registration).
  • Borang D/E (valid Business Renewal License).
  • Latest Borang B along with proof of tax payment.
  • Business bank statement (latest 6 months).
Self-employed Company Director
  • Form 9/Form 13
  • Form 24 and Form 49 (Business Registration Form)
  • Latest Borang B along with proof of tax payment
  • Bank statement (latest 6 months)

How to Apply

Online Application
  • Go to Hong Leong Bank’s website.
  • Go to the specific page for Hong Leong Refinancing.
  • Click on ‘Application Form’.
  • Fill out the form.
  • Submit the form along with mandatory documents.
Branch Application
  • Visit the nearest Hong Leong branch.
  • Ask a bank representative for the application form.
  • Fill out the form.
  • Submit the form along with mandatory documents.
Telephone Application
  • Contact the bank’s contact centre.
  • A bank’s representative will visit you.
  • Fill out the application form.
  • Submit the documents, along with the application form.

This loan is for those who want to refinance their home, and use the funds to meet any other need. There are a lot of flexible packages available to suit to your individual requirements. It is recommended to read the terms and conditions before applying for the loan.

FAQs

Q. Is the loan applicable for non-residential properties?

A. Yes. The loan is applicable for both residential and non-residential properties.

Q. How can I make repayments for this loan?

A. You can make repayments in the following ways:

  • With your current or savings bank account (with standing instructions).
  • Through internet banking/MEPS IBG.
  • Through cash deposit machine.
  • Through cheque deposit machine.
  • At the nearest branch.
  • Through ATM transfer.

Q. Will I get the Mortgage Decreasing Term Assurance (MDTA) along with the loan?

A. You can opt for MDTA as per your preference.

Q. What is the current Base Rate?

A. The Base Rate of Hong Leong Bank is currently at 4.03%.

Q. Are there any processing fees if I repay via cheque?

A. Yes. RM0.50 processing fee will be charged per cheque.

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