Hong Leong KLIBOR Housing Loan

Hong Leong KLIBOR Housing Loan is the latest innovative housing loan from Hong Leong Bank that could help you save more money. It's pegged to the 3-month Kuala Lumpur Interbank Offered Rate (KLIBOR), which has consistently been lower than the Base Lending Rate (BLR), to help you enjoy lower interest rates.

Feature & Benefits

• Interest rate pegged to 3-month KLIBOR
• Extra payments in any amount, at any time
• Advance instalment payments without notice
• Redrawal of advance payment
• Pre-payment i.e. EPF withdrawal to reduce outstanding loan balance

Review of Interest Rate Every 3 Months

The first 3-Month KLIBOR is fixed on the business day immediately before the first loan disbursement date. The next 3 months interest rate is sets by adopting the 3-month KLIBOR rate which is fixed on the last business day of the 3 months period.

The KLIBOR rate is updated every 3 months. For example the 3-month KLIBOR rate on 30 January 2014 would the rate effective from 4 February 2014 till 3 May 2014 and the 3-month KLIBOR rate on 2 May 2014 would the rate effective from 4 May 2014 till 3 August 2014.

Eligibility

- Individual customers

Requirements

- Income tax returns - latest BE or EA Form.
- Copy of NRIC.
- Sales and Purchase Agreement or Title or Booking Receipt.
- Letter from employer and last 3 months' salary slips.
- Latest EPF Statement.
- Bank statements for the last 6 months.
- Forms 24 and 49 (business registration forms, if applicable).



NOTE: Please be advised that the product mentioned above may change from time to time, as the market and industry evolve.

For further information, please call Hong Leong Call Center Tel: +603 7626 8899, or visit the nearest Hong Leong Bank / Hong Leong Islamic Bank branch today.

undo Hong Leong Bank