Hong Leong Balance Transfer

Consolidate all your debt! Open to new and existing credit cardholders, transfer a minimum of RM1000 from up to 3 other banks!

Hong Leong Balance Transfer
Best Interest Rate
6.99% 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 months6.99% p.a. and  no one-time upfront handling feefrom RM1,000
12 months6.99% 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
RM70

How to apply

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

To apply, you may call Hong Leong bank customer service hotline at 03 7626 8899 to speak to a bank representative.

More Information

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 from 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.

If you want to enjoy a lower interest rate of 4.99% p.a. without a fixed repayment period, sign up for a new Hong Leong credit card 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?

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.