Hong Leong Islamic Personal Financing-i

Quick and easy short term Islamic personal financing fit for all Malaysians with attractive profit rates and payment tenure up to five years.

Hong Leong Islamic Personal Financing-iHigh financing!
Profit Rate
from 9% p.a.
Financing
up to RM150k
Tenure
up to 5 years
Loan Type
Unsecured Islamic Financing
Takaful Insurance
Required
Min. Income
RM2,000/month

Loan calculator

Profit rates

Based on your loan amount & loan period, the profit rates are as low as the following

Financing ValueFinancing periodYour incomeProfit Rate
RM5,000 - RM150,00024 to 60 monthsmin. RM24,0009% p.a. - 12.5% p.a.

Fees & Charges

Profit Rate / APR
As low as 9% p.a., depending on financing amount and period
Processing Fee
Currently waived
Stamp Duty
RM0.50
Early Termination Fee
None
Late Penalty Fee
 1%  from current outstanding amount
Insurance
You must take takaful insurance with this financing

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 21 to 60 years old
Who can apply
  • Malaysians
  • Salaried employee
  • Self-employed

More Information

Apply online & enjoy promo rates as low as 6% p.a.

For a limited time only, don’t miss the chance to benefit from lower interest/profit rates when you apply online for either Hong Leong Personal Loan or Hong Leong Islamic Personal Financing-i.

Valid from 16 July 2022 until 30 September 2022, enjoy flat interest/profit rates as low as 6% p.a. to 8% p.a. over financing tenures from 2 to 5 years with an online application via Hong Leong’s website or Hong Leong Connect Online Banking.

For Hong Leong Personal Loan, you can apply for financing up to RM250,000, while the minimum loan amount would be RM5,000. The maximum loan amount for Hong Leong Islamic Personal Financing-i, on the other hand, would be RM150,000 and the minimum financing amount would be the same.

Courtesy of Hong Leong Bank, check out the table below for a better understanding of the promo interest/profit rates and the monthly income eligibility. We also would like to highlight that 0.50% of the approved financing amount will be deducted upon disbursement for stamp duty payable.

Online application via Hong Leong’s website

Verified Monthly Income Promo Flat Interest/Profit Rate Tenure Loan/Financing Amount
RM2,000 - RM7,999 8.00% p.a. 2 - 5 years Minimum: RM5,000

Maximum: RM250,000 (Conventional) RM150,000 (Islamic)
RM8,000 & above 6.00% p.a. 2 - 5 years Minimum: RM5,000

Maximum: RM250,000 (Conventional) RM150,000 (Islamic)

Online application via Hong Leong Connect Online Banking

Verified Monthly IncomePromo Flat Interest/Profit RateTenureLoan/Financing Amount
RM2,000 & above6.00% p.a.2 - 5 yearsMinimum: RM5,000

Maximum: RM250,000 (Conventional) RM150,000 (Islamic)

Eligibility:

  • Only Malaysians aged between 21 to 60 years old
  • Minimum annual income of RM24,000
  • Minimum loan/financing amount is RM5,000
  • Maximum loan/financing amount is RM250,000 (Conventional) and RM150,000 (Islamic)
  • Exclusively only for online application via Hong Leong’s website or Hong Leong Bank’s Connect Online Banking
  • For applications via Connect Online Banking, eligible applicants must hold at least one (1) valid & active individual HLB Current/Savings Account or HLB Islamic Current/Savings Account-i (joint & corporate accounts are not eligible)

Should you have any questions on the promo interest/profit rate, do check out HLB’s webpage or drop by the nearest branch. And don’t forget to read over the terms and conditions of the campaign below too.

1. Promo Interest/Profit Rate Terms & Conditions (Conventional)

2. Promo Interest/Profit Rate Terms & Conditions (Islamic)

Why should I apply for Hong Leong Islamic Personal Financing-i?

There are several contributing factors you might want to consider with Hong Leong Islamic Personal Financing-i, such as:

  • Higher financing limits up to RM150,000;
  • Flexible repayment tenure up to 5 years;
  • Ibra' (rebate) on early settlement; and
  • No guarantor and collateral required

How fast can I get my money?

Hong Leong Bank ensures a fast turnaround time for this personal financing. 

You could get your personal financing application approved within 48 hours, once you have submitted the application form and all relevant documents.

You can access to your money via a bank account maintained with Hong Leong Islamic Bank or other banks of your choice. 

However for the latter, it will be subjected to IBG transfer time and charges.

Do I need a Takaful coverage?

Takaful coverage for your personal financing is optional, however, highly encouraged as it will help cover for the outstanding financing balance in the event of death and total permanent disability.

If you want to opt in, you can sign up for Group Credit Term Takaful Plan with Hong Leong MSIG Takaful or the Islamic bank's approved Takaful panels.

A one-time premium charged will deducted from the total financing amount.

How do I make my monthly instalment payments?

Your personal financing repayments begin on the first day of the month following the date you have received the money and shall continue every month until the total amount of the financing is fully repaid.

There are many channels you can choose to make your personal financing instalment payment, such as:

  • Standing Instructions from your Current Account or Savings Account
  • Internet banking via Hong Leong Connect or other banks
  • Cash payment at MEPS or via Interbank Giro
  • Over-the-counter at branches or via cash deposit machine

Can I pay my Hong Leong personal loan off early?

Absolutely. There is no penalty for early settlement. In fact, you will receive an ibra' (rebate) on the remaining unpaid profit charges.

What documents I need to prepare for this Islamic personal loan application?

In order to process your personal financing application, you will be asked to provide some supporting documents before making your way to the nearest branch:

Salaried Employee

  • Copy of MyKad (front and back)
  • Latest 3-months salary slip OR
  • Latest EPF statements with latest 12-months contributions OR
  • Latest 2-years BE form with tax payment receipt
  • Letter of Employment
  • Optional documents (rental income, proof of bonuses paid, fixed deposit or mutual funds, etc.)

Self-Employed

  • Copy of MyKad (front and back)
  • Business registration document
  • Latest 1-year B form with tax payment receipt OR
  • Latest 6-months Company's bank statements/savings passbook OR
  • Latest 2-years EPF statements 21/22
  • Optional documents (latest 6-months salary slips / 6-months commission slips with crediting proof, rental income, etc.)

Am I qualified to apply for Hong Leong Personal Financing-i if I'm blacklisted?

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

Hong Leong Bank is more likely to approve your Hong Leong Personal Financing-i application if you can show that you are managing your personal finances, rather than accumulating more debt.

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