Islamic Personal Financing - Hong Leong Islamic Bank

search
HongLeong Bank Logo HongLeong Bank Logo
  • YOU ARE IN :
  • Personal-i
    Personal
    Priority
    Business
    Islamic
    Global Markets
  • ENG
    ENG
    BM
    CHI
  • Connect
    Personal
    Business
  • Personal Financing-i >
  • Personal Financing-i
Compare Cards ()
Personal Financing i product banner

Cash you need for the things you want to do

  • personal i personal financing i 48h approval usp en 48-hour approval
  • personal i personal financing i low installments usp en Low monthly installments
  • personal i personal financing i noguarantor usp en No guarantor, no collateral required
Apply Now

Features and Benefits

  • Hassle-free application and fast approval - within 48 hours*
  • High financing margin of up to 5 times your monthly salary/income
  • Low monthly installment
  • Flexible payment tenure of up to 5 years
  • Minimum income eligibility of only RM24,000 per annum
  • No guarantor and no collateral
  • The Bank shall grant a rebate to the Customer(s) on the Bank's Selling Price under the principle of ibra' as prescribed by the Shariah Advisory Council of Bank Negara Malaysia (BNM).
  • Ibra' shall be granted to the Customer who settles his financing facility(ies) before the end of the financing tenure. Settlement prior to the end of the financing facility tenure by the Customers shall include, but is not limited to the following situations:
        1. Customer who makes an early settlement or early redemption;
        2. Settlement of this financing facility(ies) due to financing restructuring exercise;
        3. Settlement by Customer in the case of default; and
        4. Settlement by Customer in the event of termination or cancellation of this financing facility(ies) before the maturity date.
  • Ibra' (Rebate) shall be calculated as follows:
  • Ibra' = [remaining unearned profit] +[undisbursed principal (if applicable)] - early settlement charges* - current month profit *cost that has not been recovered because a financing contract has a structure with discount elements at the initial period of financing; and/or
    The rebate shall only be deemed granted upon receipt of the settlement/redemption sum as determined by the Bank.

 

*48-hour financing approval is subject to terms and conditions. Other terms and conditions apply.

Documents Required

  Individual Applicant (Employed)
Individual Applicant (Self-Employed)
Private Limited Companies
Acceptable Income Documents
Latest 3 months’ salary slips
Latest 6 months’ bank statements or savings passbook
Latest 3 years’ audited account
Latest Borang BE (supported by tax payment receipt)
Latest Borang B (supported by tax payment receipt)
Latest 6 months’ bank statements
Latest EPF statement with at least 6 months’ contribution
Latest 6 months’ commission statements
Latest Borang B of the directors (supported by tax payment receipts)
Latest 3 months’ bank statement / saving passbook
   
Letter of employment
   

Eligibility

  • Malaysian citizens only
  • Aged between 21 and 60 years of age
  • Minimum income of RM24,000 per annum

Fees & Charges

Click here for the non-exhaustive list of fees and charges, or visit any of our branches for further information.

Terms & Conditions, PDS

Hong Leong Personal  Financing-i 

 - Terms & Conditions 

 - Product Disclosure Sheet 

Edit here to enter details for document download

People also viewed these

Edit here to enter details for productdetail page promotion
will writing service i promo tile en
Wealth Management-i
Will Writing Service

FIND OUT MORE

Auto Financing i cross sell
Consumer Financing-i
Auto Financing-i

FIND OUT MORE

For enquiries connect with us online or drop by your nearest Hong Leong Bank Branch.


Connect with Us

Branch Locator
Our Artificial Intelligence Advisor is ready to assist you

Chat with us

×

External Link Disclaimer

You are leaving Hong Leong Bank's website as such our Privacy Notice shall cease. We wish to remind you on our terms on the use of links, Disclaimer and Reservation of Intellectual Property Rights.

Continue