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With Hong Leong Bank’s latest promotional offers on its personal loan facility, you can enjoy a range of benefits such as cash vouchers or cashback on interest paid. The promotional offers also include instalment plans.
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.
Hong Leong Bank (HLB)/Hong Leong Islamic Bank (HLIB) has rolled out a new promotion to the use of the its online services. Get benefits such as bonus and goodies when you apply for personal loan online.
The promotion commenced on 28 May 2018 and is valid until 6 July 2018.
When you apply for a personal loan on the Hong Leong Connect platform within the promotion period, you may get an exclusive gift.
Get a Welcome Bonus of RM200 if:
Get an anti-theft backpack if:
Perform any banking-related operations online with the Hong Leong Connect platform. Digitising the processes not only makes your life easier but gets you some exciting gifts. Apply now, before you run out of the opportunity to get the gifts.
Q. Am I not eligible for the promotion if I am not a Hong Leong Connect user?
A. You need to be a Hong Leong Connect user to get the benefits of the promotion. If you are not an existing user, you can register yourself on the website or call the customer service.
Q. How long does it take for the application to be processed?
A. It may take up to 48 hours for your application to be processed.
Q. What should I do if I don’t want the loan after I apply online?
A. If your application is approved, you can always decline the offer. The loan amount will be disbursed only after you accept the loan online. You can notify the bank that you don’t want the loan.
Q. How long does it take for the bank to disburse the loan amount?
A. Once you accept the loan on the Hong Leong Connect platform, the loan amount will be disbursed within 30 minutes.
Q. Should I provide a collateral or a guarantor to get the loan approved?
A. No. You don’t have to provide a collateral or a guarantor.