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 7 years tenure
    • Unsecured Loan
    • 1 hours approval
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Interest rate p.a.: -%

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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 84 monthsmin. RM2400012.4% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
As low as 12.4% 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

Why should I apply for Hong Leong Mach IOU Personal Loan?

There are several contributing factors you might want to consider when applying for Mach IOU Personal Loan, such as:

  • Fast approval loan process within 60 minutes
  • 20% cashback on prompt repayment (terms and conditions applied)
  • Higher financing limits up to RM250,000
  • No loan guarantor or collateral needed

How much money can I borrow?

Hong Leong Mach IOU Personal Loan provides a borrowing amount ranging from RM5,000 to RM250,000, to be repaid over flexible periods between 2 to 5 years. The amount of money you are eligible to borrow is limited to 3x your monthly gross income.

Are there fees and charges I should know?

Mach by Hong Leong does not charge processing or administration fees on this personal loan for your ease of mind. The only fee you are required to pay is the Government Stamp Duty, which is calculated as 0.50% on the total amount borrowed.

How fast can I get my money?

The IOU personal loan from Mach by Hong Leong claims to offer the fastest personal loan approval in Malaysia. You can get your personal loan application approved and the money disbursed into your bank account within 60 minutes!

How do I pay the money back?

You will start repaying your personal loan the month after you have received the money and continue at monthly intervals until the loan has been fully repaid. For prompt paymasters, you can get back your money by way of 20% cashback.

Standing Instructions are the convenient way to make your loan repayment. You can set up a Standing Instructions using Hong Leong Connect or by paying a visit to any Hong Leong Bank branches.

Can I pay my IOU personal loan off early?

Absolutely. You can settle your personal loan whenever you like by giving 3-month written notice or 3-month interests on the amount redeemed to Hong Leong Bank. The bank will then give you a rebate on the remaining interests uncharged. 

There is also no penalty for early settlement. Unfortunately, the 20% cashback offer does not apply to unpaid interests if you opt for an early settlement of your personal loan.

What documents are required to apply for Mach IOU Personal Loan?

Before making your way to any Hong Leong Bank branches or kiosks to get your Hong Leong Mach IOU Personal Loan application approved, you need to prepare these documents:

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

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

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 personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.

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

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