Hong Leong bank is a Malaysian bank founded by Lam Ji Chiew. It started its operations is 1905 in Kuching. This bank provides consumer and business banking from branches throughout Malaysia. Hong Leong bank is trusted by people all over the world since it offers various facilities for deposits and consumer financing. The bank has its presence in Hong Kong, Singapore, china, Vietnam and Cambodia.
At least 21 years old
Less than 70 years old
Salaried or self-employed
with regular income
Earn more than the minimum
Loan capped @
depends on car age of the ex-showroom price
Installments of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 9 years
|Margin of Finance||Depends on Car Age|
Hong Leong bank offers various financing solutions like auto financing and business financing for individuals as well as corporates. The auto finance scheme of Hong Leong bank provides total car finance package to satisfy customer’s needs. This is the perfect place for people who look for auto financing loans to buy a new or used car.
Different banks have different conditions to apply. It also depends on the type of loan you are applying. Applying for Hong Leong Islamic Bank Car Loan will be cost effective and flexible. Persons applying for a car loan should have acceptable income documents to proceed. These documents must be handover to the bank along with the application.
A person applying for a Hong Leong Islamic Bank Car Loan should have valid driving license. All related documents to prove his income, employment and tax payment is required to be submitted along with address proof, identity proof and bank statements. If the applicant is a business owner, or the loan is being taken in the name of a business entity, all related documents of the proof of business, registration certificates and others needed to be submitted along with this.
The auto financing margin and duration can be varied depending upon the type and age of vehicle. Different kinds of vehicles have various margin and duration.
Hong Leong Islamic Bank has many benefits. Some of them are:
Speedy approval- After the submissions of application with all the documents you can get a fast loan approval.
Best rates- Competitive loan rates of Hong Leong Islamic Bank Car Loan will help you lighten the repayment burden.
Hassle free rental payments- There are more convenient payment options for Hong Leong Islamic Bank Car Loan like online banking, interbank GIRO, ATM, cash deposit machine (CDM), Hong Leong Bank branches.
Yes, up to 50% of additional income will be considered for increase loan amount.
Yes, it is not necessary that an applicant to be in a relationship.
Yes, you can close your loan at any time, but some charge will be applied for earlier settlement of loan.
No, maintenance responsibilities of the vehicles are always with the customers.
No, individual customers aged 21 to 70 years can apply for auto finance.
An online car loan installment calculator on Bbazaar.my website is the easiest way to figure out car loan installment and interest rate for car loan from Hong Leong Islamic in Malaysia in 2016. The easy to use calculator instantly spews out the monthly installment when fed with data like loan amount, interest rate and tenure. Applicants can also get the repayment schedule of car loan and get to know where their payments stand during any point of time of the car loan term.
Apart from offering Car Loan, Hong Leong Islamic offers other products and services which include: