Features & Benefits
An interest rate from 3.88% p.a. (EIR: 8.78% p.a.) to 8.88% p.a. (EIR: 17.77% p.a.).*
Borrow up to 4 times your monthly salary.
Choose from a loan tenor of between 1 year and 5 years to repay your loan
One-time Processing Fee
A one-time processing fee of 1.5% on the approved loan amount or a minimum of S$100 (whichever amount is higher). This fee will be debited from the Personal Loan account when we disburse the loan.
Fuss-free Payment Methods
Don't have an account with us? Don't worry. An iSavings account will be opened so you can make easy repayments. We'll also set up HL Bank Connect to give you quick access to your banking details anytime.
|Tenor || |
|Effective Interest Rate p.a.+||Monthly Instalment^|
|2 years||3.88% ||8.78%||S$494|
|3 years||3.88% ||8.32%||S$342|
|4 years||3.88% ||8.04%||S$265|
|5 years||3.88% ||7.85%||S$219|
|Processing Fee || |
1.5% of the approved loan amount of a minimum of S$100, whichever is higher
|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 (current prime rate is at 5.75% p.a.), the monthly instalment will be charged with this default interest rate when the monthly instalment is not made|
Q1. What is the maximum loan amount that I can apply for?
Q2. Do I need to provide a guarantor or any collateral to apply for HL Bank Personal Loan?
Q3. What is the processing time for my HL Bank Personal Loan application?
Q4. What is the minimum and maximum loan amount I can apply for?
Q5. Will there be any processing fee?
Q6. Can I choose to disburse the approved loan amount to my joint account?
Q7. How will I know if my HL Bank Personal Loan application has been approved?
Q8. What happens after my HL Bank Personal Loan application is approved?
Q9. How is the interest rate for my HL Bank Personal Loan calculated?
Q10. When is the repayment date for my HL Bank Personal Loan?
Q11. What are the modes of repayment for my HL Bank Personal Loan?
Q12. What will happen if I miss a repayment?
Q13. What should I do if I want to repay my HL Bank Personal Loan (in full) early?