Overview
Low Interest Rate
Low interest rate from 3.98%p.a. (EIR from 8.22%p.a. to 15.14%p.a.)
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Loan Amount
Loan up to 4x of your monthly salary.
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Flexible Loan Tenor
Choose a loan tenor of between 1 to 5 years.
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Fuss-free Payment Method
A HL Bank Savings account will be opened for your easy repayment.
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One-time Processing Fee
A one-time processing fee of 1.5% of approved Loan Amount, subject to a minimum fee of S$100, applies.
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Find out how much your monthly repayment could be...
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Monthly repayment 0
One-time processing fee (1.5%) 0
Interest Rate
3.98%p.a.
Effective Interest Rate* 0
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*This calculator is intended as a guide for reference only. A processing fee of 1.5% of approved loan amount, subject to a minimum fee of S$100, will be charged upfront.
Here's an example of how much your monthly instalment is
| Borrow | Tenor | Flat Rate | Effective Interest Rate¹ |
Monthly Instalment² |
|---|---|---|---|---|
| S$20,000 | 1 year | 3.98%p.a. | 10.12%p.a. |
S$1,733 |
| 2 years | 3.98%p.a. |
8.96%p.a. |
S$900 |
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| 3 years | 3.98%p.a. |
8.50%p.a. |
S$622 |
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| 4 years | 3.98%p.a. |
8.22%p.a. |
S$483 |
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| 5 years | 3.98%p.a. |
8.02%p.a. |
S$400 |
¹ Effective interest rate (EIR) is calculated based on 4 years loan tenure and average loan size of S$20,000.
² Monthly instalment amounts are calculated based on a fixed monthly payment options and are for illustrative purposes only. Actual figures may vary.
Terms and Conditions apply
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Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Drop us the application form at loansales@hlbank.com.sg or at the HL Bank branch during the following hours.
Alternatively, you can mail us the form.
Between 21 to 60 years old
A Singapore citizen or permanent resident
Earning a minimum annual income of S$30,000
| Fees | Description |
|---|---|
| Processing Fee | A one-time processing fee of 1.5% of approved Loan Amount, subject to a minimum fee of S$100, applies |
| Late Fee | S$80 |
| Early/Full Repayment Fee* | 3% of outstanding loan amount or S$200, whichever is higher |
| Overdue/Default Interest | 5%p.a. plus HL Bank prime rate, the monthly instalment will be charged with this default interest rate when the monthly instalment is not made |
* 1 month interest in lieu will be charged if redemption is done immediately
