HLISB Fees & Charges - Retail Financing

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

Additional Profit Rate

1) Tier 1: @ 3rd times 31 days overdue for past 12 months

2) Tier 2: @ 100 days overdue

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 * + 1.50% p.a.

0.5% of the approved financing amount

- 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

Stamp Duty for Hire Purchase-i Agreement

i) Hirer

• RM10.00 for motor vehicles including goods vehicles where the maximum permissible laden weight does not exceed 2540 kilograms.
• 0.5% on the value of the facility amount as per the Stamp Act 1949 (Revised 1989) for goods vehicles where the maximum permissible laden weight exceeds 2540 kilograms

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

• 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

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

Stamp Duty

RM10

Endorsement Fee

RM50.00 (payable to ASNB)

Other applicable standard fees as follows:

• Trading Fee
• Additional Financing Statement Fee

• 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% 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

Paper Statement Fee

RM2.00 per statement