Hong Leong Balance Transfer

Consolidate all your credit card outstanding debts! Open to new and existing credit cardholders, transfer a minimum of RM1,000 with low-interest rates!

Hong Leong Balance Transfer
Best Interest Rate
0% p.a.
Minimum Transfer
RM1,000
Max Duration
12 months
Related products
Choice of up to 0 cards

Low Interest Plans

Transfer your debt now to enjoy special low interest fees each month!

Pay OverWith Interest Rate AtWhen You Transfer
6 months0% p.a. and  3% one-time upfront handling feefrom RM1,000
12 months0% p.a. and  5% one-time upfront handling feefrom RM1,000
6 months7.99% p.a. and  no one-time upfront handling feefrom RM1,000
12 months8.99% p.a. and  no one-time upfront handling feefrom RM1,000

Fees & Charges

Minimum Monthly Payment
RM50 or 5% of outstanding amount
Early Termination Fee
None

How to apply

Stay afloat in the vast ocean of your credit card debts with Hong Leong Balance Transfer.

If you are a Hong Leong Bank Connect user, it's easy to apply for the Hong Leong Balance Transfer online! Just follow the steps below:

Via HLB Connect Online Banking:

  • Click 'Apply'
  • Under 'Credit Card Services' select 'Balance Transfer'
  • Select your preferred card, fee/interest payment option and plan
  • Select bank and enter Credit Card/Current or Savings account details
  • Confirm details

Via HLB Connect App:

  • Tap 'Apply' > 'Balance Transfer'
  • Select your preferred card, fee/interest payment option and plan
  • Select bank and enter Credit Card/Current or Savings account details
  • Confirm details

More Information

Paying up to 18% per annum monthly on your credit card debts is not fun for you, your wallet, and your credit rating.

Why not consider signing up for Hong Leong's balance transfer programme which allows you to transfer your outstanding debt from up to three financial institutions?

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 are racking up 15 to 18% per annum interest charges to a NEW Hong Leong credit card of your choice at super low interest rates.

When you sign up for this balance transfer plan, you are allowed to transfer your debts starting from RM1,000, with the maximum amount being up to the Hong Leong Bank's discretion, and repay them in small instalments for a 6 or 12-month period or a lifetime (applicable only to new HLB credit cardholder).

Tell me the rates.

There are two (2) balance transfer plans from Hong Leong Bank that you can choose from, depending on your eligibility. They are (1) Balance Transfer One-Time Fee Plan and (2) Balance Transfer Monthly Interest Plan. The rates are as follows:

  • Balance Transfer One-time Fee Plan (T&C and PDS)
TenureOne-Time FeeInterest Rate
Eligibility
6 months3%0% p.a.For existing Hong Leong credit cardholders
12 months5%0% p.a.For existing Hong Leong credit cardholders
  • Balance Transfer Monthly Interest Plan (T&C and PDS)
TenureInterest RateInterest Rate
(Connect Exclusive)
(T&C)
Eligibility
Lifetime
(No fixed repayment period)
4.99% p.a.4.99% p.a.i) For new Hong Leong credit cardholders (T&C)
ii) For existing Hong Leong credit cardholders' birthday month (T&C)
6 months7.99% p.a.6.99% p.a.For existing Hong Leong credit cardholders
12 months8.99% p.a.6.99% p.a.For existing Hong Leong credit cardholders

What if I fail to pay my instalments?

First, the interest rate on your balance will be reverted back to 18% per annum, in addition to paying a late payment fee of 1% on the total outstanding balance or a 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 to 5% or RM50, whichever is higher.

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