Actual cost incurred by the Bank at the point of early settlement
For HLISB, it shall reflect the costs incurred by the Bank as a direct result of early settlement. Such costs may include:
a)costs that have not been recovered because a financing contract with discounted rate during the lock-in period is terminated early; and
b) initial costs that have not been recovered In the event the applicant(s) / customer(s) settle in full the facilities during the lock-in period, the rebate shall be reduced based on the cost above. The rebate calculation is as per below: Rebate = remaining unearned profit - early settlement charges*
i) *cost that have not been recovered because a financing contract has a structure with discount elements at the initial period of financing; and/or
ii) *initial costs that have not been recovered (e.g. zero moving cost products)
Termination Fee for cancellation of financing prior to financing disbursement
Redemption Statement fee
RM50.00 per request
Note: Applicable for residential financing under individuals only (for HLISB)
Letter of confirmation for EPF withdrawal fee
RM20.00 per request
Security document retrieval (per request) – request for photocopy
RM2 per page, min RM10 and max RM60.00
Compensation charges (for HLISB)
For default payment during facility tenure = 1% p.a. on the overdue instalment amount
- For default payment causing the facility to be terminated or brought to court = 1% p.a. on the outstanding balance (outstanding principal plus accrued profit)
- For default payment after expiry of facility tenure = BNM Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit)
-For default payment post judgment = IIMM rate on the basic judgment sum
As per Stamp Duty Act 1949 (revised 1989).
As per the scale in the Solicitors’ Remuneration Order (SRO)
Disbursement Fees including but not limited to registration fee, search fee, government tax and any other taxes or levy as per the scale fees charged by the respective authorities and/or legal firms.
As per the Seventh Schedule (Rule 48) of the scale fees set by the Board of Valuers, Appraisers and Estate Agents Malaysia.
One-time fee shall be charged for approved financing. Currently all processing fees are waived
Processing Fee is not applicable for HLISB.
Miscellaneous Fees including but not limited to online IBG payment, IBG via ATM machine, cheque processing fee and any other fees or charges that may be imposed by the respective relevant authorities from time to time with prior notice.