Hong Leong Bank

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!

Low Interest Plans

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

Hong Leong Balance Transfer
Pay OverWith Interest Rate AtWhen You Transfer
6 months6.99% p.a. and no one-time upfront handling feefrom RM1000
12 months6.99% p.a. and no one-time upfront handling feefrom 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

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

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 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.

Read More

Apply online now for Hong Leong Balance Transfer

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