Hong Leong Bank

Hong Leong Housing Loan

Hong Leong Housing Loan is a straightforward term loan offering an overdraft option - in case you need extra cash once you've moved into your new home

    • Up to 35 years
    • Term loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
  • You BorrowEstimated Interest Rate
    more than RM4000004.75% p.a.

    *Effective interest rate will be determined by Hong Leong Bank upon approval.

Apply online now for Hong Leong Housing Loan

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our terms & conditions. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for Hong Leong Housing Loan

To help you better we need to know a little bit more about your application.
Confirm your application

Oops. We can't seem to get a quote for you for a while there. Please click "Get Quote" again.

Please fill in all fields and enter a valid email

Thank you for applying with RinggitPlus!

We’ve sent you an email to help with your application.

Continue to Hong Leong Bank website

If you have any questions let us know at can@ringgitplus.com, we'd love to help!

Follow us to keep in touch and not miss out on offers and promotions.

Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
No Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request
Cancellation Fee
RM2000 for cancellation before loan disbursement
Insurance Types
  • MDTA

*inclusive of 6% GST

Requirements

Are you eligible for this Hong Leong Bank home loan?

Minimum annual income
RM24000
Minimum age
24 years old
Maximum age
70 years old
Who can Apply
  • Any nationality

Frequently Asked Questions about Hong Leong Housing Loan

Things you might want to know

What is Hong Leong Housing Loan?

This Hong Leong Housing Loan is a no-frills home financing package that gives you the option of combining a term loan and an overdraft in one account. 

What's an overdraft good for? Well, depending on your financial needs, you can withdraw a sizable amount of cash from your overdraft account using your property as collateral. 

Hong Leong will be able to finance your home purchase for up to 90% of your property's market value with extra margin if you'd like to include your Mortgage Decreasing Term Assurance (MDTA), for a maximum tenure of up to 35 years. Also, Hong Leong Housing Loan offers high Debt Servicing Ratio ( DSR) of up to 80%.

What are my ongoing commitments?

You will be making monthly repayments on your home loan; interest is calculated based on current BR. Late payments come hand-in-hand with late penalties of course. 

There are many ways to pay for your mortgage, primarily via online banking, interbank GIRO, ATM and if you prefer to take in some fresh air, you can go old school and pay over the counter at your nearest Hong Leong branch.

How to pay my housing loan istalments?

You can bank in money fast to Hong Leong Bank with:

Alternatively, you can also make payments using:

  • ATM cash transfer to your loan account
  • Bank in to your loan account using a Cash Deposit Machine
  • Cheque deposit at the Cheque Deposit Machine
  • Make your payment at the nearest HLB branch

What kind of insurance does this home loan offer?

Get extra financial protection with Mortgage Decreasing Term Assurance is a term life insurance that covers you and your family from unexpected events such as death and total permanent disability.

How can I apply for this housing loan?

Go ahead and gather the documents listed below:

Salaried applicant:

  • NRIC photocopy
  • Salary Slips (last 3 months)
  • EA form/ EPF statement (last 2 years)
  • Latest Borang BE (supported with tax payment receipt)
  • Bank statement/ saving passbook (last 3 months)
  • Letter of employment

Self-employed applicant:

  • NRIC photocopy
  • Bank statement/ saving passbook (last 6 months)
  • Latest Borang B (supported with tax payment receipt)
  • Commission statements (last 6 months)

Read More