• Hong Leong Islamic Personal Loan

    Hong Leong Islamic Personal Loan

    Personal loans from Hong Leong Islamic bank make it easy for Malaysians to avail money for any immediate financial requirement. Whether it is for education, investment, home renovation, medical treatments or any other, the bank provides personal loan without any collateral. Applying for Hong Leong Islamic Bank Personal Loan is a simple process.


    You’re probably eligible for an Hong Leong Islamic Bank Personal Loan if you are

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     Hong Leong Islamic Bank Personal Loan Minimum Age

    At least 21 years old

    Hong Leong Islamic Bank Personal Loan Maximum Age

    Less than 60 years old

    Hong Leong Islamic Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

     Hong Leong Islamic Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Hong Leong Islamic Bank Personal Loan amount eligibility is based on these factors

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    Hong Leong Islamic Bank Personal Loan Minimum Salary

    Minimum income required
    RM 2,000

    Hong Leong Islamic Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is RM 150,000

    Hong Leong Islamic Bank Personal Loan Installments

    Installments of other loans lower
    your eligibility


    Increase your eligible Hong Leong Islamic Bank Personal Loan amount by these steps

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    Hong Leong Islamic Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

     Hong Leong Islamic Bank Personal Loan Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for HongLeong Islamic Bank Personal Loan

    • 1.Photocopy of My Kad
    • 2. Latest Borang BE (supported by tax payment receipt)
    • 3. Documentation for salaried applicants:(Anyone)
      • Latest 3 months Salary Slip
      • Latest EPF statement with at least 6 months contribution
      • Latest 3 months bank statement/saving passbook
      • Letter of employment
    • 4. Documentation for self Employed applicants:(Anyone)
      • Latest 6 months bank statements or savings passbook
      • Latest 6 months commission statements

    Hong Leong Islamic Bank Personal Loan Interest RatesUpdated on 09 Dec 2016

    Hong Leong Islamic Bank Personal Loan Details
    Interest Rate 7.5 % - 13.5 %
    Minimum Income RM 2,000
    Tenure 7 years
    Guarantor Requirement No Guarantee Required

    Types of Personal Loans from Hong Leong Islamic Bank

    Hong Leong Islamic Personal Financing-i is the branded personal loan from Hong Leong Islamic Bank. This is a convenient personal loan with minimal requirements and easy application process. Read on to know more about this product.

    Features and Benefits of Hong Leong Islamic Personal Financing-i

    • The procedures for applying for Hong Leong Islamic Bank Personal Loan are simple and the approval can be availed within 48 hours if all the required documents are submitted.
    • The personal loan scheme of HLIB is very flexible. The bank offers up to five times the monthly salary or income as loan.
    • The tenure of the loan can be extended to five years.
    • The minimum income eligibility for applicants is RM24,000 per annum.
    • No need of guarantor or collateral security for personal loans.
    • The bank shall grant a rebate to the customer on the Banking Selling Price under the ibra principle of the Shariah Advisory Council of Bank Negara Malaysia (BNM).
    • They adopt Murabahah via Tawarruq arrangement structure for transactions.

    Hong Leong Islamic Personal Loan Interest Rates

    Interest rates are based on Shariah laws and hence are variable in number. However, the tenure fot the loan repayment can go upto 7 years and there is no requirement for a guarentor for this loan.

    How To Apply For The Hong Leong Islamic Personal Loan

    You need to be eligible to apply for this loan, before you go ahead. So, here are the things that you have to fulfil as criteria to be able to make sure that your application for the personal loan is accepted.

    • The applicant should be a Malaysian citizen and must be between 21 years of age to 60 years.
    • The applicant should have a minimum annual income of RM24,000.
    • He/she should have valid ID proofs, proof of income and job continuity to submit to the bank.

    Documents Required:

    • Photocopy of My Kad
    • Latest Borang BE (supported by tax payment receipt)
    • Documentation for salaried applicants:(Anyone)
      • Latest 3 months Salary Slip
      • Latest EPF statement with at least 6 months contribution
      • Latest 3 months bank statement/saving passbook
      • Letter of employment
    • Documentation for self Employed applicants:(Anyone)
      • Latest 6 months bank statements or savings passbook
      • Latest 6 months commission statements

    FAQs on Hong Leong Islamic Personal Loan

    1. Can I apply for finance along with a joint applicant other than my spouse?

      No. In case of availing personal finance only individual applications and joint application along with spouse will be considered.

    2. Who can avail personal financing from Hong Leong Islamic Bank?

      The applicant must be citizen of Malaysia between 21 to 60 years of age and having a minimum annual income of RM24,000.

    3. Can I close the financial facilities early?

      Yes, you can close the account early before the maturity.

    4. What is the profit rate for HLIB personal loan?

      Interest charged by the bank is low compared to other banks and depends on the loan amount. The current rates are around 12% p.a.

    5. Is there an extra charge while closing account before maturity?

      No extra fee is charged for closing account before maturity.

    6. Can I get personal finance for starting a business?

      Yes. You can get personal finance for any purpose.

    7. Is there any other charge applicable for the loan?

      There will be a charge of RM15 per application under Agency Fee (Wakalah) and stamp duty charges as applicable for the financing amount. Besides this there will be Interbank GIRO (IBG fee) which comes to RM2 for each transaction.

    8. How to Calculate Loan Installment for Hong Leong Islamic Bank Personal Loan?

      Personal loan installment calculator hosted at bbazaar.my is a useful tool to help you arrive at the installment amount for your Hong Leong Islamic Bank personal loan. You can use this tool to calculate how much you have to pay each month so as to plan your finances in advance, even before your loan has been sanctioned. The online personal loan installment calculator takes certain parameters such as desired loan amount, tenure of repayment and profit rate as input to show you the calculated applicable installment amount for your loan. This also provides you with a repayment schedule that lets you know what part of the loan remains to be paid at any point of time.

    Other Products offered by Hong Leong Islamic:

    Apart from offering personal loan, Hong Leong Islamic offers other products and services which includes:

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