From October 2018 onwards. Hong Leong Bank financing now comes with a rebate when you repay the installment in time. You can enjoy up to 25% rebate !
Hong Long bank is an affordable Malaysian Personal loan which offers as low as 8% p.a interest for 2 to 5 years installment. There are 25% rebate when you paid your interest on time while there are also not penalty fees upon settling this debt earlier at 3 months notice
What is Pay on time ?
The repayment must be paid by the due date each month during the whole financing tenure. The 25% rebate is applicable based on interest rates payable. The rebate shall be paid month to qualified person from one day after 7 month installment.
Things you should know before applying for this loan
The flat rate for this loan sit at 8% which makes the EIR around 15%. You can only enjoy this interest applying for a minimum of RM20,0000 for 5 years. You can enjoy around RM41 montly savings at RM20,000 for 5 years installment.
Your fund must be disbursed before 30th 2018 November to be eligible for the rebate. Application can also be done via Hong Leong website.
The terms of conditions and eligibility is the same with previous Hong Leong bank Personal Loan. One is required to be from 21 to 60 years old. You can enjoy this rebate with application of HLB Personal loan, HLB Personal Loan Consolidation, HLB Personal Financing-i Consolidation and HLISB Personal Financing-i. The amount required would defer for the loan.
There is a 0.5% stamp duty applicable for this loan.
First 150 customer who are eligible shall also receive a car camcorder as a gift from Hong Leong. The fund must be disbursed by Nov 30th 2018. The gift shall be delivered by GDEX within 60 days of fund disbursement.
You can refer to here for more details on Hong Leong Personal Loan.