Mach by Hong Leong Bank

Hong Leong Mach IOU Personal Loan

60 minutes fast approval personal loan with easy application - what are you waiting for?

    • Financing up to RM250k
    • Up to 5 years tenure
    • Unsecured Loan
    • 1 hours approval
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Interest rate p.a.: -%

Apply online now for Hong Leong Mach IOU Personal Loan

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Interest rates

How much the bank charges you based on your loan amount & loan period

You BorrowLoan PeriodYour IncomeInterest Rate
RM5000 - RM25000024 to 60 monthsmin. RM240007 - 13.5% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
from 7% p.a. to 13.5% p.a. , depending on loan amount and period
Processing Fee
Stamp Duty
0.5% of the whole amount
Late Penalty Fee
1% from current outstanding amount


Are you eligible for this personal loan?

Minimum annual income
Minimum age
21 years old
Maximum age
60 years old

Frequently Asked Questions about Hong Leong Mach IOU Personal Loan

Things you might want to know

How much can I borrow?

Hong Leong Mach IOU Personal Loan provides personal loans ranging from RM5,000 to RM250,000, repaid over any period between two to seven years. The amount of money you are eligible to borrow is limited to 3 x your monthly gross income.

How much does this personal loan cost?

Hong Leong’s Mach IOU Personal Loan does not charge any processing fees and has no hidden charges. You will need to pay Government Stamp Duty on the amount you borrow, which is calculated at 0.50% of the total amount loaned.

What do I need to apply for this personal loan?

There is no requirement to pay a deposit when you apply for a Hong Leong Mach IOU Personal Loan and very few documents to put together in support of an application.

All that’s required is that you provide

  • A copy of MyKad 
  • Latest EPF statement 
  • Bank statement showing your full name and account number

No loan guarantor or collateral needed.

How do I get my hands on the money?

The IOU personal loan from Hong Leong claims to offer the fastest loan approval in Malaysia. Applications are turned around in 60 minutes and cash disbursement actioned immediately.

How do I pay the money back?

Loan repayments begin one month to the day from the date you received the borrowed money and continue at monthly intervals until the loan has been completely repaid. You can set up a standing instruction using Hong Leong Connect so you don't have to rush to the bank every month!

Can I pay my Hong Leong personal loan off early?

Yes, you can settle your loan whenever you like. If you’d like to repay in full before the full loan term is up you will need to give three months written notice. You should also receive a rebate on the unpaid Interest charged to the total loan.

Is there anything else I should know about the Mach byHong Leong Personal Loan?

Make your repayments on or before time each month and Hong Leong Bank will grant you a 20% rebate on interest charged. This cashback offer does not apply to unpaid interest if you opt for early settlement of your loan.

How do I apply if I have a bad credit record on CCRIS?

Your first step should be to settle all your overdue payments - be it your credit card or internet bills. You may also discuss with the bank and work out a loan repayment scheme that suits your current situation.

If you feel that you need an extra hand, AKPK offers a debt management programme for individuals looking to take back control of their finances.

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