Hong Leong Mortgage Plus

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

Hong Leong Mortgage Plus
Up to 35 years
Interest Rate
from 4.75% p.a.
Loan type
Full-Flexi loan
Interest Type
Floating interest rate
Lock In Period
3 years
Margin of finance
up to 90%
Approval in
30 days

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
more than RM400,0004.75% p.a.
*Effective interest rate will be determined by Hong Leong Bank upon approval.


Minimum Annual Income
Minimum Age
  • 24 to 70 years old
Who can apply
  • Malaysians
  • Foreigners

Fees & Charges

Late Penalty Fee
1% p.a. p.a. of the outstanding amount
Processing Fee
Monthly Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Cancellation Fee
RM2000 for cancellation of loan prior to loan disbursement
Insurance Types
  • MRTA

More Information

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)
Search Icon

Get the financial support you need


We’ll guide you through your application for this financial product