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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Low interest rate from 3.98%p.a. (EIR from 8.22%p.a. to 15.14%p.a.)
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Flexible Loan Tenor
Choose a loan tenor of between 1 year to 5 years.
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Choose a loan tenor of between 1 year to 5 years.
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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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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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Loan Amount
Loan up to 4x of your monthly salary.
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Loan up to 4x of your monthly salary.
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Fuss-free Payment Method
An HL Bank Savings account will be opened for your easy repayment.
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An HL Bank Savings account will be opened for your easy repayment.
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Find out how much your monthly repayment could be...
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 |
|
| 3 years | 3.98% p.a. | 8.50% p.a. | S$622 | |
| 4 years | 3.98% p.a. | 8.22% p.a. | S$483 |
|
| 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.
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
Terms & Conditions apply.
Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
