Hong Leong Bank

Hong Leong Personal Loan - Balance Transfer

Transfer your high interest credit card and personal loan debt to Hong Leong and consolidate your debt with a Balance Transfer.

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

    Monthly repayment: RM-

    Interest rate p.a.: -%

Not the personal loan you're looking for? Did you know you can compare all the personal loan in Malaysia?

Interest rates

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

You BorrowLoan PeriodYour IncomeInterest Rate
RM3000 - RM25000012 to 60 monthsmin. RM240009.9% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
As low as 9.9% p.a., depending on loan amount and period
Stamp Duty
0.5% of the whole amount
Late Penalty Fee
1% from current outstanding amount

Requirements

Are you eligible for this personal loan?

Minimum annual income
RM24000
Minimum age
21 years old
Maximum age
60 years old
Who can Apply
  • Malaysians

Frequently Asked Questions about Hong Leong Personal Loan - Balance Transfer

Things you might want to know

How to get out of debt with a Hong Leong Personal Loan

OK, so how do I get out of debt by taking out another loan, that doesn't seem right?

Good question, allow us to explain: for a limited time Hong Leong Bank is offering Balance Transfer of credit card debt and personal loans from other banks to one Hong Leong Bank Personal Loan.

You can transfer outstanding balances from up to 5 separate loans or credit cards to one simple loan with Hong Leong with a fixed, flat-rate interest rate of 9.9%

Transferring all your outstanding borrowing to one Personal Loan account puts all your debt in one place, charged at one interest rate, with one monthly payment. Chances are that by consolidating your debt in this way you'll be paying less interest than you would on multiple accounts from multiple providers, but you can use our Personal Loan calculators to check!

How much money can I borrow?

The Hong Leong Personal Loan offers borrowing between RM5,000 and RM250,000 over period of one to five years. The amount of money you are eligible to borrow is limited to 5x your monthly gross income.

How do my outstanding loans get paid off?

Hong Leong Bank should let you know whether your application has been approved with 48 hours. Once your application has been cleared money will be transferred from Hong Leong to the banks you are transferring your debt from straight away.

Please note you can only transfer balances from banks that accept Interbank Giro payments.

How much does this personal loan cost?

The Hong Leong does not charge any processing fees for this Personal Loan and there are 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 make a deposit or advance payment when you apply for a Hong Leong Personal Loan. In order to process your application you will be asked to provide some supporting documentation:

Salaried Employee

  • Copy of MyKad (front and back).
  • Last three month’s payment slips and EPF or bank statements

Self-Employed

  • Copy of MyKad (front and back).
  • Business Registration Certificate or Operating License.
  • Last 6 month’s bank statements.

How do I pay the money back?

Loan repayments begin on the first day of the month following the date you received the money you’ve borrowed. Payments need to be made every month until the total amount of the loan is repaid.

Can I pay my Hong Leong Personal Loan off early?

Of course you can. If you find you have extra cash and want to clear your loan before the it is due you can finish before time by paying the full outstanding amount. There are no penalty fees for early repayment.

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