Hong Leong Bank

Hong Leong Mortgage Plus

An affordable mortgage plan with fully flexible istalments linked to your current account to reduce interest fees and maximise savings.

    • Up to 35 years
    • Full-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Interest Rate
    more than RM4000004.75% p.a.

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

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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
Monthly Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50.00 per request
Letter for EPF Withdrawal Fee
RM20.00 per request
Cancellation Fee
RM2000 for cancellation of loan prior to loan disbursement
Insurance Types
  • MRTA


Are you eligible for this Hong Leong Bank home loan?

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

Frequently Asked Questions about Hong Leong Mortgage Plus

Things you might want to know

What is Hong Leong Mortgage Plus?

Hong Leong's Mortgage Plus home loan is a combination of a non-interest bearing current account and home loan. It could result in more savings for you on mortgage interest if you keep a healthy bank balance in your current account. 

You save more because your daily current account balance offsets the principal of your home loan, ultimately reducing your daily interest charges. On top of that, you can refinance your home loan with Mortgage Plus from Hong Leong Bank. 

Subject to a the usual credit checks and approval process Hong Leong Bank can finance up to 90% of the value of your property, whether complete or under construction. 

For a property that is under construction, you are required only to service only the interest rate fee until such time as the building work is complete.  Also, Hong Leong Mortgage Plus offers higher Debt Servicing Ratio ( DSR) compared to the other banks, which is up to 80%.

What are my ongoing commitments?

For up to 35 years you will be required to pay your monthly mortgage repayments. Repayments are calculated based on a variable interest rate, the Base Rate. The BR will be revised every 3 months.

So how do I pay for my mortgage instalments?

The easiest way to bank in money to Hong Leong Bank is to set up a standing instruction with your linked housing loan current account, as your repayments will be automated as long as you have enough cash stored. 

If you've forgotten to top up your account for the month, you can bank in directly into your MortgagePlus loan account.

How about Insurance for my new home?

MDTA safeguards your home for you and your loved ones. HLA Life MDTA will guarantee that your home remains securely in your family's possession in the event of your death or Total Permanent Disability ( TPD). 

This is likely to be the most money you ever borrow from anyone, it pays to cover yourself with insurance, just in case.

What are the potential risks?

Your monthly repayments may increase if the BR goes up. Yes, they might go down too if the BR falls but that is not quite so likely to happen. The biggest risk? Your property may be foreclosed if you do not keep up repayments on your home loan.

What documents do I need to make this home loan application?

Salaried applicant:

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

Self-employed applicant:

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

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