20% cashback on interest paidWhy should I apply for Hong Leong Personal Loan?
There are several contributing factors you might want to consider with Hong Leong Personal Loan, such as:
- Higher financing limits up to RM250,000;
- Longer and flexible repayment tenure of up to 5 years;
- No guarantor and collateral required;
- 20% cashback on interest paid on your loan. To qualify for this cashback offer, you must pay every instalment of your personal loan on or before the due date.
How fast can I get my money?
Hong Leong Bank ensures a fast turnaround time for this personal loan.
You could get your personal loan application approved within 48 hours, once you have submitted the application form and all relevant documents.
You can access your money via a bank account maintained with Hong Leong Bank or other banks of your choice. However, the latter will be subjected to IBG transfer time and charges.
How do I make my monthly instalment payments?
Your personal loan repayments begin on the first day of the month following the date you received the money and shall continue every month until the total amount of the loan is fully repaid.
There are many channels you can choose to make your personal loan instalment payment, such as:
- Standing Instructions from your Current Account or Savings Account
- Internet banking via Hong Leong Connect or other banks
- Cash payment at MEPS or via Interbank Giro
- Over-the-counter at branches or via cash deposit machine
Can I pay my Hong Leong Personal Loan off early?
Absolutely. But, you need to inform Hong Leong Bank with a 3-month written notice or 3-month interest payments on the amount redeemed before you fully terminate it.
Also, there is no penalty for early settlement.
What documents do I need to prepare for this Hong Leong Personal Loan application?
In order to process your personal loan application, you will be asked to provide some supporting documents before making your way to the nearest branch:
Salaried Employee with Fixed Income (MNC):
- Copy of IC (front and back)
- Latest 1-month salary slip; OR
- Latest 3-months bank statement of your salary crediting account; OR
- Latest 3-months EPF statement; OR
- Latest EA Form / IR Form (for Malaysians working in Singapore); OR
- Latest 2-year Form BE with matching payment receipt / Latest 2-year NOA (for Malaysians working in Singapore)
Salaried Employee with Fixed Income (Non-MNC):
- Copy of your IC (front and back)
- Latest 3-months salary slip; AND
- Latest 3-months bank statement of your salary crediting account; OR
- Latest 3-months EPF statement; OR
- Latest 2-year Form BE with matching payment receipt / Latest 2-year NOA (for Malaysians working in Singapore)
Salaried Employee with Variable Income (MNC):
- Copy of your IC (front and back)
- Latest 6-months salary slip; OR
- Latest 6-months commission slips; OR
- Latest 6-months EPF statement; OR
- Latest 2-year Form BE with matching payment receipt / Latest 2-year NOA (for Malaysians working in Singapore)
Salaried Employee with Variable Income (Non-MNC):
- Copy of your IC (front and back)
- Latest 6-months salary slip; PLUS
- Latest 6-months bank statement of your salary crediting account; OR
- Latest 6-months commission slips; PLUS
- Latest 6-months bank statement of your salary crediting account; OR
- Latest 6-months EPF statement; OR
- Latest 2-year Form BE with matching payment receipt / Latest 2-year NOA (for Malaysians working in Singapore)
Self-Employed (Sole-Prop / Partnership / Private Limited / Public Listed):
- Copy of IC (front and back)
- Business registration certificate (proof of minimum 2 years of operating); OR
- Professional/Practicing certificate & proof of business operating minimum 2 years; OR
- Latest 2-year Business License (Sabah & Sarawak); AND
- Latest 1-year Form B with tax payment receipt / Latest 2-year Form BE with matching payment receipt; OR
- Latest 6-months company bank statements; OR
- Latest 6-months EPF contribution (only for Sdn Bhd companies)
- Optional rental income document (with valid Tenancy Agreement with latest 3-months bank statement crediting proof and latest 1-month Utility Bill)
Am I qualified to apply for Hong Leong Bank personal loan if I'm blacklisted?
Depending on your credit history with other financial institutions because all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).
Assuming you have poor credit standing due to irregular payments, the best course would be to break the habit and start making your payments on time to avoid future hurdles.
Hong Leong Bank is more likely to approve your personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.
