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Interest Rate

4.85%

Monthly Repayment

RM1,319

1. I want to borrow
RM
2. For how long
years
Hong Leong Bank Highlights
  • Term Loan: No Lock-in-Period
  • Full-flexi Package
  • Stamp duty waivers up to 100%
Terms & Conditions
  • Minimum Age: 21 Years
  • Loan Tenure: Up to 35 Years
  • Margin of Finance: 90% + 5% for MRTT financing if purchased from Hong Leong Assurance
  • Suitable for: Completed & under-construction properties, refinance

Is a Hong Leong Islamic Home Loan Right for Me?

The Shariah compliant property financing Flexi Property Financing-i provided by Hong Leong islamic Bank grants rebate to the customer on the bank's selling price under the principle of ibra'. It is based on daily profit calculation but provides protection against the interest rate hike with ceiling rate.

Hong Leong Islamic’s full-flexi home loan has a 3-year lock in period and you can expect to pay an early settlement fee of 3% in case you want to complete your loan repayment within this period. These are average conditions when compared to other home loan products in the market. Its term loan offering has no lock-in period.

The margin of financing offered by Hong Leong Islamic Bank reaches up to 90% + 5% and maximum loan tenure is 30 years or up to age 65, whichever comes first.

Hong Leong Islamic home loan calculator allows you to determine your monthly loan instalment by taking into consideration your loan amount and loan duration. The interest rate that you will be able to enjoy on your mortgage will also show on the Hong Leong Islamic housing loan calculator. To increase your chances of successfully getting the home loan, you should ensure that your total monthly commitment inclusive of this housing loan is 60% of your monthly income (net income) or lesser.

Hong Leong Islamic Home Loan Packages

Hong Leong Islamic Bank a Shariah compliant home loan in the form of a standard term loan and Flexi Property Financing–i designed particularly for Islamic costumers. The main features of this product are highlighted in the table for your comparison.

Product Key Features Is this a flexi package?
Hong Leong Flexi Property Financing-i
  • Make extra repayments without any prior notice or fees
  • Stamp duty waived for refinancing cases
  • Daily calculation method offers immediate savings on any payment made
Yes, full flexi
Term Loan
  • Fixed monthly instalment for better cash flow control
  • Stamp duty waived for refinancing cases
  • Daily calculation method offers immediate savings on any payment made
No

Details of Hong Leong Islamic’s Flexi Home Loan Packages

A borrower can make extra repayments every month through the flexi home packages so that the monthly interest charge on the home loan can be reduced (hence reduing overall interest charges incurred). Requirements, fees and conditions should also be considered with these packages together with the benefits.

Flexi Property Financing-i
Flexi type Semi-flexi
Is a linked bank account required? No
Account Maintenance Fees No
Redrawal Fees No

Am I Eligible for a Hong Leong Islamic Home Loan?

Applicants must be above 21 years of age. Foreigners may apply but will get less favourable terms and a lower margin of financing.

What Documents Will I Need to Prepare?

Your Hong Leong Islamic Home Loan application will need to be provided with some supporting documents such as:

  • Application Form
  • NRIC / Identity Card
  • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer
  • Copy of Individual Title Deed
  • Property Valuation Report (for completed properties)
  • Latest 3 consecutive months of salary slips / vouchers
  • Latest 6 consecutive months of commission statement
  • Latest EPF statements (with 3 consecutive months or more transaction history)
  • Latest EA form
  • Latest 6 months Bank Statement
  • Letter of Confirmation of Employment and Remuneration

Sounds Great! How Should I Proceed?

Your monthly repayments can be calculated using the Hong Leong Islamic Bank home loan calculator, based on your desired property value and loan amount. Once you have identified a suitable monthly repayment, you can make a free enquiry through iMoney and our mortgage consultants will assist you with your enquiries.

If you are not sure whether this home loan by Hong Leong Islamic Bank is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay My Hong Leong Islamic Home Loan?

Repaying your Hong Leong Islamic Home Loan is easy. Here are some of the repayment methods.

Online Transfer
Transfer funds from your Hong Leong Islamic Bank Savings or Checking accounts to make your payments online
MEPS
Loan repayment through any of the MEPS ATMs (over 5,000) nationwide
Interbank GIRO
Pay your loans through the Interbank GIRO fund transfer at the participating bank’s branch or through online banking
Standing Instruction Facility
Automatic deduction from your bank account every month
Hong Leong Islamic ATMs
Transfer funds from your Hong Leong Islamic Savings or Checking accounts to make your payment at all Hong Leong Islamic branches
Express Payment machine
Make a check or cash deposit at Hong Leong Islamic branches
Payment by Mail
Mail to Hong Leong Islamic with your check and statement enclosed in an envelope
Phone Banking
Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN


If you are looking for other home loans, you may also consider
AmIslamic Bank Home Loan
At AmIslamic Bank, the home loan rate starts from Base Rate (BR) 3.80%. There is available the option of a flexi loan package and there is a maximum of 90% margin of financing. There is no lock-in period for this home loan.
Bank Muamalat Home Loan
Bank Muamalat provides a housing loan rate starting from Base Rate (BR) 3.90%. There is no option of a flexi loan package available and there is a maximum of 90% margin of financing. There is a 5 year lock-in period for this housing loan.
OCBC Al-Amin Home Loan
The mortgage rate from OCBC Al-Amin starts from Base Rate (BR) 3.92%. There is available the option of a flexi loan package and a maximum of 90% margin of financing. The lock-in period for this mortgage is 3 years.
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