Hong Leong Bank rolls out promotions and offers on personal loans in regular intervals. The bank has come up with an exclusive deal for Malaysians when they apply online. Not only it’s easy to apply for this financing scheme, but the approval also takes just 48 hours. Take a look at the table below to get a better idea of the exclusive offer:
|Promotion Period||valid until 31 January 2019|
|Particulars||Enjoy Flat Rate of 6% p.a. when you apply for Hong Leong Personal Loan Online|
|Interest/Profit Rate||6% p.a.|
This is an ongoing campaign that is valid until 31 January 2019.
Follow the below steps to apply online:
Make use of this loan facility if you are looking for a low financing charge. Compare this with other HLB promotions and see which one works for you best.
Q. What are the documents required to apply for this campaign?
A. To apply for the campaign, you need to submit the following documents:
Q. How will I know that my loan is approved?
A. You will receive a call from Hong Leong Bank to confirm your application. If you haven't uploaded all your documents, a bank representative will help you proceed with it. After re-submitting the application, it will be processed within 48 hours. The bank will send you an SMS on the status of your loan application.
Q. What if I apply for this loan scheme on the last day of the campaign?
A. You can apply for the loan scheme on 31 January, 2019, the last day of the campaign as well. The last date of loan disbursement is 28 February, 2019.
Q. Will I be charged any fees and charges for this campaign?
A. Apart from the stamp duty of 0.50% of the financing amount, you won’t be charged any fees and charges by the bank. However, you must bear any applicable taxes, government fees, or any other charges as per the law.
Q. I work at Hong Leong Bank. Can I apply for this loan scheme?
A. No. As you are a permanent/contract employee of the bank, you won't be able to participate for this campaign. The following individuals are also not eligible to apply:
Hong Leong Bank has come up with a promotion that is applicable to the Personal Loan/Financing/-i products. The promotion is available to both employed and self-employed applicants. Read more to know the specifics of the loan scheme.
The promotion works in two rounds—the first round is valid only on 7 July 2018 and the second round is valid from 8 July 2018 to 13 July 2018.
|Application Date||Application Channel||Loan Amount||Interest/Profit Earned|
|7 July 2018||Hong Leong Connect||RM5,000-RM250,000||3.70% p.a.|
|Other Application Channels||RM5,000-RM19,000||7.70% p.a.|
|8 July 2018-13 July 2018||All Application Channels||RM5,000-RM19,000||7.70% p.a.|
|Hong Leong Connect||
|Online Enquiry Form||
Make use of the short-term promotion and apply for a loan facility if you are looking for some cash at hand. You can get a loan at a low-interest rate if you are a registered user of Hong Leong Connect. Read the fine print of the loan agreement before signing on it.
Q. What is the minimum loan amount offered?
A. The minimum loan amount offered under the promotion is RM5,000.
Q. When does the bank disburse the loan amount?
A. The loan amount will be disbursed within 31 August 2018.
Q. Does the interest/profit rate vary with changes to the base rate?
A. No. The loan includes a flat interest/profit rate. It does not fluctuate with changes in the base rate.
Q. I am an employee of the bank. Am I eligible to get the promotional benefits?
A. No. Bank staff are not eligible to get the promotional benefits.
Q. Are individuals who are declared bankrupt eligible to get the promotional benefits?
A. No. Individuals who are declared bankrupt are not eligible to get the promotional benefits.
Apply for Hong Leong Personal Loan facility online during the campaign period with a facility period of one to five years to buy electronic devices from Switch and/or Urban Republic retail outlets.
This campaign is ongoing until 31 October 2018.
Q. Is this campaign open to foreigners?
A. No. This campaign is open to Malaysian citizens only.
Q. Does this campaign has any exclusions?
A. Yes. The following people are not eligible to participate:
Q. What are the eligible products that I can buy under this campaign?
A. Under this promotion offer, you can buy gadgets such as smartphones and laptops.
Q. What is the maximum and minimum loan amount?
A. The minimum loan amount is RM3,000 and the maximum is RM25,000.
Q. What is the effective interest rate?
A. The effective interest rates ranges from 10.90% p.a. to 17.60% p.a. for 1-5 year tenure.
Q. How can I get financing solutions for my gadgets?
A. The bank has partnered with the two retail outlets - Urban Republic, the authorized reseller and Switch, an Apple premium reseller to provide financing solutions.
Read the fine print carefully before participating in the campaign. Meet the required eligibility criteria to utilise the promotional offer fully.
You can get 60% cashback on the interest charged if you are a new customer and have an approved and disbursed HLB personal loan. As an existing customer, you can win 50% cashback on the interest charged on your personal loan plan.
(For online applicants/customers who apply through www.hlb.com.my or www.hlisb.com.my)
|Type of a Customer||Eligible Cashback (%)||Amount Approved|
|New Customer||60%||RM5,000 to RM250,000|
|Old Customer||50%||RM5,000 to RM250,000|
(For applicants via am:pm counters at selected branches)
|am:pm Customers||Eligible Cashback (%)||Amount Approved|
|60%||RM20,000 and above|
|40%||RM5,000 to RM19,000|
(For applicants who apply through HLB branches or personal loan sales staff)
|Applicants via Bank Branches and Personal Loan Sales Staff||Eligible Cashback (%)||Amount Approved|
|40%||RM5,000 to RM250,000|
For tenures of 2 years to 5 years, here’s a spread of interest rates charged against the sanctioned loan amount:
|Gross Income||RM2,000 to RM3,999 per month||More than RM4,000 per month|
|Loan Amount Sanctioned||Interest Rate||Interest Rate|
|RM5,000 to RM19,000||12.50%||12.50%|
|RM20,000 to RM49,000||12.50%||12.50%|
|RM50,000 to RM99,000||12.50%||11%|
|RM100,000 to RM149,000||12.50%||10%|
|RM150,000 to RM250,000||12.50%||9%|
The promotion is valid from 1 March 2018 to 30 June 2018.
If you are a new customer, you will get a cashback of 60% on your interest if you have taken a loan between RM5,000 and RM250,000. Being an existing customer, you will get a cashback of 40% on your interest charged. The same mechanism is applied for the customers who have applied via am:pm counters of the bank, depending on their approved loan amount.
For the ones who have applied via branches and staff, they will get 40% cashback on their interest for approved amount between RM5,000 to RM250,000.
The interest rates are charged according to the approved amount and it can go up to a maximum of 12.50% p.a.
The terms and conditions applicable to the personal loan promotion are:
Q. What are the available loan tenures for the personal loan facility?
A. As per your loaned amount and income, you can obtain a financial tenure between 2 to 5 years.
Q. What is the minimum approved facility to earn 60% cashback for customers who have applied via am:pm?
A. To earn cashback of 60%, the minimum approved amount is RM20,000, however, you can get 40% cashback for the approved amount ranging from RM5,000 to RM19,000.
Q. What is the age criterion for this facility?
A. You need to be at least 21 years old to apply for the facility.
Q. Can I get a cashback if I miss the due date for my payments?
A. You are eligible for cashback under this campaign only if you pay your monthly instalments on or before the due date.
Q. Can the bank’s employees get the benefit of the promotion?
A. No. The bank’s permanent or temporary employees cannot participate in the promotion.
Travelling can be much affordable with Hong Leong Bank’s Travel Happy Campaign. In partnership with Malaysian Harmony Tour and Travel Sdn Bhd, through this campaign, you will get 15 all-inclusive luxury travel packages that are affordable through competitive interest rates and flexible tenures of repayment.
|Tenure||1 year||2 years to 3 years||4 years to 5 years|
The offer is valid from 1 March 2018 to 31 August 2018
You can apply online for this facility. You need to go to the bank’s official website and click on the ‘Apply Now’ tab. You need to submit the application form for the campaign and submit it online. The bank representatives will call you regarding the further procedure.
Alternatively, you can also call Hong Leong Contact Centre on +603 7626 8899 and speak to the customer relationship officer. He/she will guide you through the application process.
You can also visit your nearest branch of the bank to get the application form for personal loan facility under this campaign.
In all cases, you will have to provide the set of mandatory documents along with your application.
Q. Will I get cash out facility with this personal loan facility?
A. Yes, you can apply for cash out facility if you require cash for your travel or any other purposes.
Q. Can we apply for a sum which is less than the cost of the travel package?
A. Yes, you can apply for a lesser amount but it needs to be minimum of RM5,000.
Q. Will there be any credit assessment if I apply for a loan under this campaign?
A. Yes, there will be credit assessment conducted from the bank’s side, when you apply for the personal loan facility under this campaign.
Q. Can I terminate the loan facility?
A. Yes, you can terminate your loan facility by providing a notice 3 months in advance. If you are cancelling your travel package and have authorised Hong Leong to disburse the funds to the travel partner, the deposit cancellation terms and conditions will apply.
Q. What are the available modes of payment?
A. You can pay your monthly instalments via internet banking, online transfer facility, Interbank Giro (IBG), or you can also transfer via ATMs.