Hong Leong Refinance Interest Rates 2026
Rate From
3.72%
p.a.
Base Rate (BR)
5.64%
Current
Spread
-1.92%
to -1.34%
Loan Details
- Min Loan: RM100,000
- Max Loan: RM10,000,000
- Max Tenure: 35 years
- Max LTV: 90%
Fees & Penalties
- Processing Fee: 0%
- Lock-in Period: 3 years
- Early Settlement: 2-3%
Calculator: Estimate Your Hong Leong Refinance Savings
Use our free calculator to estimate how much you could save by refinancing with Hong Leong Bank. Their competitive rates starting from 3.72% and HomeSmart features can help reduce your monthly payments.
Calculate Your Savings with Hong LeongPre-filled with Hong Leong's current rate of 3.72%
Is Hong Leong Good for Refinancing? Honest Review
Hong Leong Bank is known for customer-focused banking and competitive home loan products. They're particularly popular among first-time refinancers. Here's our honest assessment:
Pros
- HomeSmart features - Flexible repayment with step-up option. Calculate cash-out
- Great for first-timers - Helpful staff, clear process
- Competitive rates - Starting from 3.72%
- Good digital banking - Easy loan management online
Cons
- Smaller network - Fewer branches than top 3 banks
- Less aggressive on pricing - May not match lowest market rates
- 3-year lock-in - Standard penalty terms
- Limited promotions - Less frequent zero-cost packages
Best For:
First-time refinancers. Hong Leong is ideal if you appreciate personalized service, want flexible repayment options, or are new to refinancing and prefer a supportive process. The step-up facility is great for those expecting income growth.
Who Gets Approved? Hong Leong Refinance Eligibility
Basic Requirements
- Age: 21 - 65 years old
- Malaysian citizen or PR
- Minimum income: RM3,000/month
- Clean credit history
Higher Approval Chances
- - Young professionals with growth potential
- - Existing Hong Leong customers
- - Stable employment (1+ years)
- - Properties in urban and suburban areas
- - Low to moderate DSR. Check your DSR
May Face Challenges
- - Self-employed with less than 2 years track record
- - Commission-only income
- - Properties in very rural areas
- - High existing debt levels
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Hong Leong vs Other Banks Comparison
| Bank | Rate From | Lock-in | Max Tenure | Best For |
|---|---|---|---|---|
| Hong Leong | 3.72% | 3 years | 35 years | First-time refinancers |
| Maybank | 3.65% | 3 years | 35 years | Existing customers |
| Public Bank | 3.68% | 3 years | 35 years | Salaried employees |
| CIMB | 3.70% | 3 years | 35 years | High loan amounts |
* Rates are indicative and subject to change. Compare all 14 banks' rates → Maybank, CIMB, Public Bank, RHB, AmBank
Hidden Costs & Fees to Watch
Early Settlement Penalty
2-3% of outstanding balance if you exit during the 3-year lock-in period.
Legal Fees
RM2,000 - RM5,000. Hong Leong occasionally offers promotional subsidies.
Valuation Fee
RM300 - RM1,000 for property assessment.
Stamp Duty
0.5% of loan amount. May be exempted for first-time buyers or under RM500k.
MRTA Insurance
Hong Leong may require MRTA. Always compare with standalone term life policies which may offer better value.
How Fast is Hong Leong Refinance Processing?
Application Submission
Submit documents online or at branch
Initial Review
Credit check and document verification
Property Valuation
Valuer inspects property
Credit Approval
Loan approval decision
Letter of Offer
Review and accept offer
Legal Documentation
Complete legal process
Disbursement
Funds disbursed, refinance complete
Pro Tip: Hong Leong values complete applications. Prepare all documents before applying to avoid delays. Their staff is helpful if you need guidance.
How to Apply for Hong Leong Refinance
Check Your Savings
Use our calculator to see if Hong Leong's rates benefit you.
Prepare Documents
IC, salary slips (3 months), bank statements (6 months), EA form, property documents.
Apply Online or at Branch
Hong Leong Connect for online application or visit any branch.
Property Valuation
Valuer will assess your property's current market value.
Review Loan Offer
Review HomeSmart features and confirm terms suit your needs.
Legal Process
Complete documentation with appointed lawyer.
Disbursement
Hong Leong settles old loan and your refinance is complete.