• Interest Rate (p.a.)

    12.00% - 12.00%

  • Loan Tenure

    1 - 5 years

  • Approval Duration

    Up to 2 business days

  • Min. monthly income

    RM2,000

Loan calculator
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Monthly salaryRM0
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What's so great about Hong Leong Islamic Personal Financing-i?
  • Approved loan amount of up to RM150,000
  • Fixed interest rate of 1.00% per month
  • Loan approval within 2 business days (48 hours)

Product Features

Min. financing amountRM5,000
Max.financing amount Up to 5x fixed monthly salary or up to RM150,000
Min. loan tenure2 years
Max. loan tenure7 years
Islamic/ConventionalIslamic
Interest rateFixed rate of 12.00% per annum
Approval durationUp to 2 business days
Debt consolidationNo

Fees & Charges

One time set up
Processing feeRM15
Stamp duty0.5% of loan amount
Disbursement & misc. feeN/A
Penalties
Early settlementN/A
Late payment charges1% on outstanding loan amount

Eligibility

Age requirementAge 21 - 60
Employment eligibilityMalaysian citizens employed as a Government servant, employee of a private sector organization, or self-employed
Min. salary requirementRM2,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?No
Need to buy Takaful product?Yes

Product Review byiMoney

Overview

Hong Leong Islamic offers attractive benefits when you apply for Hong Leong Islamic Personal Financing-i TODAY! This is an Islamic personal loan for Malaysian citizens employed as Government servant, employee of private sector organization, or self-employed. The loan usually gets approved within 48 hours without any guarantor and collateral. The minimum financing amount you can apply is RM5,000 and maximum up to RM150,000 with minimum loan tenure of 2 years and maximum 7 years. The interest rate is fixed at 12.00% per annum.

You will also need to pay a Wakalah (Agency) fee of RM15 and stamp duty fee of 0.5% of loan amount. On top of that, 1% on outstanding loan amount will be charged as late payment charges if you failed to make your monthly repayments on time. You can make an early settlement of your loan at any time without any fees or penalty occur by providing the bank three months written notice. To apply for this loan, you need to be between 21 to 60 years old and earning a minimum gross income of RM2,000 per month.


Hong Leong Islamic Personal Financing-i FAQ

What is the maximum amount you can borrow?

Borrowable amount of up to five times your fixed monthly gross salary or up to RM150,000 for a maximum loan tenure of five years.

The catch?

Applicant must be between the age of 21 to 60 to qualify.

Applicant must be a Malaysian citizen employed as a Government servant, employee of a private sector organization, or self-employed with a minimum gross salary of RM2,000 per month.

Takaful protection is compulsory.

What will it cost you and how will you be charged?

One time set-up fee:
  • Wakalah (Agency) fee of RM15 and stamp duty of 0.5% on loan amount deducted upfront before loan disbursement. No other set-up fees need to be paid.
  • Recurring payments:
  • Monthly repayment comprising principal amount and interest charge via standing instruction deduction. Interest charge is fixed at 12.00% per annum (1% per month) throughout the entire loan tenure.
  • Penalties:
  • Late payment charges of 1% on outstanding loan amount. Late payment charges will increase your total outstanding loan amount.
  • No early settlement penalty imposed if you provide Hong Leong Bank with 3 months advance notice in writing.
  • How long will the application take and what documentations are required?

    Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.

    Thereafter, Hong Leong Bank will require an average of two business days (not including Saturday, Sunday, and public holidays) before approval or disbursement.

    You are required to furnish the following documents for your loan application:

    Applicant with full-time employment:
    • 3 months (most current) salary sips
    • BE form with tax payment receipt attached (most current)
    • EPF statement with at least 6 months of contribution (most current)
    • 3 months (most current) bank statements OR saving passbook
    • Letter of employment
    Self-employed applicant:
    • 6 months (most current) bank statements OR saving passbook
    • B form with tax payment receipt attached (most current)
    • 6 months (most current) commission statements

    Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

    No, you are required to settle all overdue payments before applying. It is advised that you continue repaying your loans on time for another three months before reapplying.


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