Retail Financing
Description / Service |
Charges / Fees* |
---|---|
Trading/Agency fee |
Waived |
Withdrawal of advance payment fee (Not applicable for Solar Plus Financing-i) |
RM50.00 per request/withdrawal |
Early settlement charges |
Actual cost incurred by the Bank at the point of early settlement (Subject to a maximum of 2% of the financing amount) 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 (Not applicable for Solar Plus Financing-i) |
RM2,000.00 |
Redemption Statement fee |
RM50.00 per request Note: Applicable for residential financing under individuals only (for HLISB) |
Letter of confirmation for EPF withdrawal fee (Not applicable for Solar Plus Financing-i) |
RM20.00 per request |
Security document retrieval (per request) – request for photocopy |
RM2 per page, min RM10 and max RM60.00 (max RM30.00 for Solar Plus Financing-i) |
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 |
Stamp Duties |
As per Stamp Duty Act 1949 (revised 1989). |
Legal Fees |
As per the scale in the Solicitors’ Remuneration Order (SRO) |
Disbursement Fees |
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. |
Valuation Fees (Not applicable for Solar Plus Financing-i) |
As per the Seventh Schedule (Rule 48) of the scale fees set by the Board of Valuers, Appraisers and Estate Agents Malaysia. |
Processing Fees |
One-time fee shall be charged for approved financing. Currently all processing fees are waived Processing Fee is not applicable for HLISB. |
Miscellaneous Fees |
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. |
Additional financing statement |
RM10.00 per request |
Paper Statement Fee |
RM2.00 per statement |
*Subject to postage/courier charges and/or Government Tax, if applicable
Additional profit rate for delinquent account
Please be informed that with effect from 2 January 2025, the additional profit charged for Property/Solar Plus Financing-i which are overdue in payments will be revised as follows:
Profit Rate for Delinquent Account |
Tier 1 |
Tier 2 |
---|---|---|
Additional Profit Rate 1) Tier 1: @ 3rd times 31 days overdue for past 12 months 2) Tier 2: @ 100 days overdue |
Effective Profit Rate * + 1.50% p.a. | Effective Profit Rate * + 2.50% p.a. (additional 1% on top of previous rate) |
Reduction/ Reinstatement of Profit Rate 1) Tier 1: when account less than 31 days overdue 2) Tier 2: when account less than 90 days overdue |
Effective Profit Rate * | Effective Profit Rate * + 1.50% p.a. |
* Effective Profit Rate = Contracted / Net profit rate e.g. IFR ** (current IFR is 6.89%) - 2.2% = 4.69%
** Islamic Financing Rate (IFR)
For further details please contact us at 03-79591888 (Mon-Thu from 9.00am - 5.45pm or Fri from 9.00am - 4.45pm) or e-mail us at mortgage_recoveryservice@hlbb.hongleong.com.my.
Description / Service | Charges / Fees* |
---|---|
Agency fee | Waived |
Stamp Duty fee | 0.5% of the approved financing amount |
Early Settlement Notice fee | N/A |
Compensation Charges | - 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. |
Paper Statement Fee |
RM2.00 per statement |
*Subject to Government Tax, if applicable
Hire Purchase-i Fixed Rate
Description / Service |
Charges / Fees* |
---|---|
Stamp Duty for Hire Purchase-i Agreement |
|
i) Hirer |
|
ii) Guarantor |
RM10.00 per guarantor |
iii) Supplemental Agreement / Letter of Set-Off / Charge over Cash deposit / Assignment Agreement |
RM10.00 |
Registration of Ownership Claim |
RM3.00* |
Compensation charges |
1% or IIMM rate
|
Paper Statement Fee |
RM2.00 per statement |
Ad-hoc Services
Description / Service |
Charges / Fees* |
---|---|
Miscellaneous |
|
i) Duplicate HP Agreement-i
ii) Duplicate AP Documents / Invoice / Takaful Cover Note / Puspakom report / Guarantee agreement / Supplementary agreement / Letter of Set-off (LOSO) / Charge Over Cash Deposit / Registration Card / Vehicle Ownership Certificate |
RM2.00 per page; min RM10.00 |
iii) Consent letter to Authorities – transfer of vehicle to East Malaysia or vice versa |
RM20.00 per request |
*Subject to Government Tax, if applicable
Description/Service |
Fees/Charges* |
---|---|
Stamp Duty |
RM10 |
Endorsement Fee |
RM50.00 (payable to ASNB) |
Other applicable standard fees as follows:
|
|
Paper Statement Fee |
RM2.00 per statement |
*Subject to government tax, if applicable.