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)

Request for pricing variation

0.1% of outstanding balance, subject to minimum of RM100.00 and a maximum of RM200.00

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

Late payment charge/ Compensation charges (for HLISB)

1% pa on the financing amount in arrears

The following are applicable 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 Bank and/or the respective relevant authorities from time to time with prior notice.

Additional financing statement
 

i. Up to 1 year

 

 

 

 

ii. More than 1 year

 

 

RM10.00 per request

RM2.00 per page

 


 

RM10.00 per request

RM5.00 per page

*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*
New Car Financing : New Vehicle / Imported Recondition Vehicle
i. Photocopy charges for application documents RM10.00
ii. Postage charges for sending Agreement RM10.00
iii. Stamp duty for Hire Purchase Agreement RM10.00
iv. Stamp duty for Hire Purchase Guarantee Agreement RM10.00
v. Fax and telephone charges for processing of application RM15.00
vi. e-Hakmilik transaction fee for registration of ownership claim RM3.00
vii. e-Hakmilik transaction fees for change request RM3.00
New Car Financing : Used Vehicles
i. Photocopy charges for application documents RM10.00
ii. Postage charges for sending Agreement RM10.00
iii. Stamp duty for Hire Purchase Agreement RM10.00
iv. Stamp duty for Hire Purchase Guarantee Agreement RM10.00
v. Fax and telephone charges for processing of application RM15.00
vi. e-Hakmilik transaction fee for registration of ownership claim RM3.00
vii. e-Hakmilik transaction fees for Change request RM3.00
viii. Transport charges for settlement with another bank RM15.00
ix. Service fee for settlement with another bank RM30.00
x. Courier charges RM10.00
Ad-hoc services
i. Duplicate letter of release of ownership claim RM100.00 per letter
ii. Issuance of Letter of Consent to JPJ on change of vehicle engine number RM50.00 per letter
iii. Issuance of Letter to JPJ for issuance of duplicate registration card RM50.00 per letter
iv. Issuance of Letter to JPJ on interchange of vehicle registration number RM50.00 per letter
v. Photocopy of HP agreement RM2.00 per page; min RM10.00
vi. Photocopy of registration card RM2.00 per page; min RM10.00
vii. Issuance of consent letter to Authorities for transfer of vehicle to East M’sia or vice versa RM20.00 per request
viii. Road tax renewal RM10.00 per case
ix. Transfer and ownership claim fee to JPJ RM150.00
x. 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.

*Product are available only at selected branches/business centres

*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.