RM
year(s)
RM
- You Pay
- RM 89 /mth
- Interest Rate
- Total Interest Payable
- RM 70
- Total Repayment
- RM 1,070
Hong Leong Personal Loan
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- Interest Rate
- 5.00% p.a. ~ 7.00% p.a.
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- Max. Loan Amount
- RM 250,000
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- Approval Duration
- Up to 2 business days
Calculate your loan repayment instantly
Key Features
Approved loan amount of up to RM100,000
Monthly instalments as low as RM103
Loan approval within 2 business days (48 hours)
More details
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Features- Approval Duration
- Up to 2 business days
- Min. Loan Amount
- RM 5,000
- Max. Loan Amount
- RM 250,000
Other features
- Maximum Loan Tenure
- 7 Years
- Debt Consolidation
- No
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Eligibility/Documents- Age Requirement
- 21-60 years old
- Min. Monthly Salary
- RM 2,000
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Fees and charges- Processing Fees
- Free
- Stamp Duty
- 0.5% of loan amount
Other fees and charges
- Late Payment Charges
- 1% on outstanding loan amount
Prefer to talk to our customer care agents?
How do you apply for a personal loan online?
Step 1
Use our personal loan calculator to find the best personal loan based on your requirements and eligibility.
Step 2
Select the best product that fits your requirements from the list of recommended personal loan products listed and click on the Apply button.
Step 3
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
Read more about Personal Loan
Review by iMoney
Hong Leong Personal Loan is a suitable personal financing for Malaysian citizens that are employed in the government sector, private sector or self-employed. This personal loan offers a financing amount from RM 5,000 to RM 150,000. It also has a relatively low instalment, decent financing, and fast approval process.
Best for: Personal use including your kid’s education fund or business investment
Income requirements: Minimum RM 2,000/month
Pros:
- Early settlement is possible with 3 months written notice
- Maximum financing amount of RM 150,000
- Fast approval (2 days)
- Wide age range eligibility (21 – 60 years old)
- 20% Cashback on interest rate
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You can apply for the Hong Leong Personal Loan right here.
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You can borrow between RM 5,000 and RM 150,000.
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5 years.
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Income: Minimum gross income of RM2,000. Gross salary means salary before monthly deductions such as income tax and Employees Provident Fund (EPF) contribution. Only fixed income earners are eligible.
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- Malaysian citizen
- Age: 21 – 60 years old
- Minimum gross income of RM2,000
- Minimum loan requirement is RM5,000 with maximum of RM150,000
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Hong Leong Bank will approve an application within 48 hours (2 days), provided that full documentation and information are submitted.
To speed up the process, you can apply through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.
After we submit your documents and information, Hong Leong Bank can approve and disburse to you within 2 days.
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Once you have completed your application with iMoney, you are required to provide the following documents for your application:
- Front & back copy of NRIC
- 3 months (most current) salary slips, OR
- EPF statement with at least 6 months contribution (most current), OR
- 3 months (most current) bank statements OR saving passbook
- BE Form with tax payment receipt attached (most current)
If you are self-employed
- Front & back copy of NRIC
- Business Registration Certificate OR operating license
- B Form OR BE Form with tax payment receipt attached (most current)
- 6 months (most current) bank statements OR saving passbook
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Flat rate interest rate ranges from 9.00% to 12.50% per year depending on your financing amount, tenure, as well as your individual risk rating.
Check your iMoney CreditScore for free to find out how your credit health is.
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One-time Set-up Fee: A stamp duty fee of 0.5% of financing amount
Early Settlement 1% per year on the arrears of outstanding for each facility (daily rest basis)
Late Payment Charge 1% per year on the outstanding payment
For example, the fee is calculated as follow:
Late payment charge = Outstanding monthly instalment X 1% X number of days outstanding* The charges will not be compounded
Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.
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The Hong Leong Personal Loan Calculator can help you calculate your monthly repayment commitment by entering your loan amount and your financing tenure.
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Monthly repayment for this personal financing will be RM130. However, your instalment depends on your financing amount and tenure.
Use our personal loan calculator above to estimate your monthly repayment.
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Yes you can, but you need to provide a three month prior written notice to the bank.
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You will be charged with late repayment charges starting from one per cent (1%) per annum and will be levied on any amount in arrears.
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You can check your application status by contacting the Hong Leong customer support right here.
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You can check the payment schedule right here.
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Yes, Hong Leong Personal Loan is open for loan consolidation.
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Unfortunately, Hong Leong Personal Loan is only open for Malaysian citizens only.
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Unfortunately, no. Hong Leong Bank will check your credit history as part of their approval process. You are required to settle all overdue payments before applying and keep a healthy credit record before you apply for any personal financing or loan. We also highly recommend that you continue repaying your loans on time for another three months before reapplying.
Check your iMoney CreditScore for free to find out how your credit health is.
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This loan has a low minimum income requirement of only RM2,000. It also comes with a fixed interest rate that starts from 8.18% p.a. and a maximum loan tenure of 7 years.
This personal loan comes with a floating interest rate starting from 11.99% per year and has a maximum tenure of 7 years. It also comes with a minimum income requirement of RM2,000 per month.