To apply, you may call Hong Leong bank customer service hotline at 03 7626 8899 to speak to a bank representative.
Low Interest Plans
Transfer your debt now to enjoy special low interest fees each month!
- Hong Leong Balance Transfer
Pay Over With Interest Rate At When You Transfer 6 months 6.99% p.a. and no one-time upfront handling fee from RM1000 12 months 6.99% p.a. and no one-time upfront handling fee from RM1000
Fees & Charges
There are always fees but how much are they?
- Minimum monthly payment
- RM50 or 5% of outstanding amount
- Early Termination Fee
How To Apply for Hong Leong Balance Transfer
Stay afloat in the vast ocean of your credit card debts
Frequently Asked Questions about Hong Leong Balance Transfer
Things you might want to know
Paying up to 18% p.a. monthly on your credit card debts is not fun for you, your wallet, and your credit rating - Hong Leong's balance transfer programme allows you to transfer your outstanding debt from up to 3 financial institutions and credit card companies!
How does the Hong Leong balance transfer work?
For no cost at all, you can transfer your outstanding balance from credit cards from different banks that's racking up 12 - 18% p.a. interest charges to a NEW Hong Leong credit card of your choice at super low interest rates.
For this plan, you are allowed to transfer your debts starting at RM1,000, with the maximum amount being up to the bank's discretion, and repay them in small instalments for 6 or 12-month period.
Tell me the rates.
The great thing about this Balance Transfer plan is that there is no upfront charge and the rate is flat at 6.99% p.a. for a repayment period of either 6 months or 12 months.
Should you wish to enjoy a lower interest rate of 4.99% without a fixed repayment period, sign up as a new Hong Leong credit card member now (if you never own a Hong Leong credit card in your previous life).
For existing cardmembers, don't lose heart yet as this promotional rate effective during your birthday month. Good news for those whose birthday is around the corner.
What if I fail to pay my instalments?
There will be two harsh penalties incurred to your Hong Leong credit card.
First, the interest rate on your balance will be reverted back to 18% p.a. in addition to paying a late payment fee of 1% on the total outstanding balance or minimum of RM10, whichever is higher.
To mitigate the burden of incurring unnecessary costs, it is worthwhile to mention that you have a flexible payment arrangement, which is by making a minimum payment amounting 5% or RM50, whichever is higher.
Is there an option for early settlement?
Yes, you certainly can pay off your balances earlier, but you will be paying an early settlement fee of RM70.