Profit Rate for HLB Connect Online Applications
Our rate is on a flat rate basis
*Note: The effective profit rates vary as follows for financing tenure from 2 to 5 years:
(i) Flat profit rate 5.00% p.a.: Effective profit rates vary from 9.15% p.a. to 9.32% p.a.
(ii) Flat profit rate 7.50% p.a.: Effective profit rates vary from 13.32% p.a. to 13.80% p.a.
(iii) 0.50% of the facility amount will be deducted upon disbursement for stamp duty payable.
Illustration of Instalments
Assuming your verified monthly income is RM8,000 (applicable profit rate of 5.00% p.a) with a total approved facility amount of RM50,000 with 5 years financing tenure:
*Monthly instalment amount will be rounded up to the nearest RM5.
Any adjustment due to rounding will be reflected towards the end of the facility tenure.
Rebate for Early Settlement