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Fees & Charges - Retail Financing

Retail Financing

Description / Service

Charges / Fees*

Trading/Agency fee

Waived

Withdrawal of advance payment fee

RM50.00 per request/withdrawal

Early settlement charges

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

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

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

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

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

*Subject to Government Tax, if applicable

Description / Service Charges / Fees*
Agency fee Waived
IBG fee A nominal fee of RM2.00 will be charged on every Interbank Giro (IBG), if any
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.

*Subject to Government Tax, if applicable

Description / Service

Charges / Fees*

i. e-Ownership transaction fee for registration of ownership claim

RM3.00

ii. Monthly maintenance fee (Cruise Control)

RM10.00

Stamp Duty for Hire Purchase Agreement

i. Hirer

RM10.00

ii. Guarantor

RM10.00 per guarantor

iii. Supplemental Agreement/ Letter of Set-Off/ Charge over Cash Deposit/ Assignment Agreement

RM10.00

Ad-hoc services

i. Duplicate HP agreement/ Duplicate AP Documents/ Invoice/ Insurance Cover Note/ Puspakom report/ Guarantee agreement/ Supplemental agreement/ Letter of Set-off (LOSO)/ Charge Over Cash Deposit

RM2.00 per page; min RM10.00

ii. Duplicate registration card/ vehicle ownership claim (VOC)

RM2.00 per page; min RM10.00

iii. Consent letter to Authorities - transfer of vehicle to East M’sia or vice versa

RM20.00 per request

iv. Transfer of vehicle fees (used car)

 

-    Passenger vehicles

RM150.00/ RM40.00 (E.M.)

-    Commercial vehicles

RM110.00/ RM40.00 (E.M.)

v. JPJ Runner fees (used car)

Up to RM100.00

*Subject to Government Tax, if applicable

Description/Service

Fees/Charges*

Stamp Duty

RM10.00

Endorsement Fee

RM50.00 (payable to ASNB)

Other applicable standard fees as follows:
  • Trading Fee
  • Additional Financing Statement Fee
  • Early Settlement Notice

 

  • Compensation Charges
    • For default payment during facility tenure
    • For default payment causing the facility to be terminated or brought to court
    • For default payment after expiry of facility tenure
    • For default payment post judgement
 
  • Waived
  • RM10.00 per request
  • 1 month notice
    • No charge if 1 month notice is not provided

 

  • 1% p.a. on the overdue instalment amount
  • 1% p.a. on the outstanding balance (outstanding principal plus accrued profit)
  • Bank Negara Malaysia Islamic Interbank Money Market (“IIMM”) rate on the outstanding balance (outstanding principal plus accrued profit)
  • IIMM rate on the basic judgement sum

*Subject to government tax, if applicable.

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