Fees & Charges - Retail Financing

Retail Financing

Description / Service Charges / Fees*
Trading Fee Waived
Withdrawal of Advance Payment fee RM50.00 per request
Early Settlement charges Actual cost incurred by the Bank at the point of early settlement
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

Termination fee 
(for cancellation of financing prior to financing disbursement)
RM2,000.00
Redemption Statement fee RM50.00 per request
Letter of confirmation for EPF withdrawal fee RM20.00 per request
Security Document Retrieval fee (request for photocopy) RM2 per page, min RM10 and max RM60
Additional Financing Statement fee RM10.00

*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

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