The Hong Leong Special Housing Loan is a exclusive loan offered to first time home buyers. You can talk to a bank representative about what you are looking for, and they will provide a solution tailored to suit your housing needs.
|Stamp Duty||As per the Stamp Duty Act 1949|
|Legal Fees||As per the scale in the Solicitors’ Remuneration Order|
|Monthly Maintenance Fees||RM10|
|Advance Payment Redrawing Service Fees||RM50|
|Late Payment Charges||1% of the outstanding amount|
You can get extra financing for MDTA financing with this facility. The application and approval processes are easy and convenient. Look at the product disclosure sheet to know the terms and conditions, and other criteria before you apply for a loan.
Q. How can I pay my monthly instalment?
A. You can pay your monthly instalments in the following ways:
Q. What is the base rate?
A. The rate at which banks determine the interest rate is called the Base Rate. Currently, the base rate is 4.03% p.a. for Hong Leong Bank.
Q. What does MDTA cover?
A. MDTA provides coverage to repay your loan in the event of death and total permanent disability.
Q. What happens if I settle my loan early?
A. If you settle your loan early, you may have to pay an early exit fee depending on when you close the loan. If you settle the loan within 36 months from the approval date, you need to pay 3% of the approved loan amount as penalty charges.
Q. Are there any miscellaneous fees I need to pay?
A. Yes. Miscellaneous fees would include online IBG payment, cheque processing fee, IBG via ATM machine, and any other fees imposed by the bank.