• Hong Leong Fixed Deposit

    HLF Fixed Deposit

    Hong Leong Finance Limited, previously known as HONG LEONG SINGAPORE FINANCE LTD, is a finance company that offers a comprehensive range of products to small and medium enterprises (SME) and retail customers in Singapore. It was established in 1961. The company's main activities include Investment Brokerage and other Financial Investments.

    About HLF Fixed Deposits, Singapore

    Hong Leong Finance Limited is engaged in providing complete financial solutions such as business current accounts, fixed deposits and savings accounts, share financing, personal loans, home loans, new and used car loans, and private housing loans for individuals and offers SME loans comprising loans for commercial/industrial property, development loans, letters of credit, factoring/accounts receivable financing, equipment financing and refinancing, factory loans, hire purchase, internationalization finance schemes, shop loans, inventory finance, local enterprise finance schemes, loans for conservation property, loan insurance schemes, revolving working capital finance, medical asset financing, micro loan programs, trade finance, suppliers’ invoice financing and vessel financing. In addition, it offers a range of corporate finance services consisting of equity fundraising such as initial public offering, underwriting of shares, and secondary fund raising; corporate advisory services such as financial advisory, restructuring, mergers and acquisitions and independent financial advisory services as well as nominee services.

    Hong Leong Finance Limited is the financial services segment of the Hong Leong Group Singapore and subsidiary of Hong Leong Investment Holdings Pte. Ltd. that operates on a distribution network of 28 branches and 8 SME centers.

    Why Choose HLF Time Deposits?

    HLF Fixed Deposits offers its customers security and assured returns on investment and helps to create wealth with low risk involved. The fixed deposit scheme offered by HLF is a simple, secure and efficient way to make your money work overtime for you. With this fixed deposit scheme, you can enjoy attractive interest rates as well as flexible range of tenures which suit the customer’s unique requirements.

    Features and Benefits of HLF Fixed Deposits, Singapore

    • Wide range of tenures to choose from with a matching range of interest rates.
    • Minimum deposit is S$10,000 for a tenure of 1 or 2 months.
    • For a tenure of 3 months and above, the minimum deposit required is S$500.
    • This fixed deposit scheme is insured under the Deposit Insurance Scheme.
    • A Fixed Deposit Receipt will be issued to the customer according to the deposit made by him/her.
    • No payment, in whole or in part, of the Fixed Deposit can be made, if the Customer has any liabilities, present or future, actual or contingent, several or joint, primary or collateral, etc., owing to the Company.
    • On withdrawal or renewal of the deposit, the Fixed Deposit Receipt must be presented by the customer in person.
    • If the Customer is not a person but a firm/ corporate etc., then the amount in the Fixed Deposit Account may only be withdrawn through an account payee cheque made in favor of the Customer or by way of a transfer to an account of the Customer maintained with another financial institution.
    • Two or more individuals can open a joint account. The company will send all correspondence to the address of the first Customer named in the Account.

    Minimum Deposit

    • Minimum deposit is S$10,000 for a tenure of 1 or 2 months.
    • For a tenure of 3 months and above, the minimum deposit required is S$500.

    HLF Fixed Deposit Interest Rates

    Interest will be given according to the Company's prevalent rate slabs and interest paid out to the customer will cease only at maturity of the deposit. Interest will be paid at the sole-discretion of the Company.

     

    Up to SGD 50,000

    Interest Rates

    Tenure of the deposit Board Interest Rates Special Interest Rates
    1 month 0.1000 percent per annum 0.1000 percent per annum
    2 months 0.1000 percent per annum 0.1000 percent per annum
    3 months 0.1500 percent per annum 0.1500 percent per annum
    4 months 0.1500 percent per annum 0.1500 percent per annum
    5 months 0.1500 percent per annum 0.1500 percent per annum
    6 months 0.2500 percent per annum 0.2500 percent per annum
    8 months 0.2500 percent per annum 0.2500 percent per annum
    9 months 0.3000 percent per annum 0.3000 percent per annum
    10 months 0.3000 percent per annum 0.3000 percent per annum
    12 months 0.4500 percent per annum 0.4500 percent per annum
    13 months 0.4500 percent per annum 0.4500 percent per annum
    15 months 0.4500 percent per annum 0.4500 percent per annum
    18 months 0.6000 percent per annum 0.6000 percent per annum
    24 months 0.7000 percent per annum 0.7000 percent per annum
    36 months 0.7000 percent per annum 0.7000 percent per annum

    SGD 50,001 - SGD 99,999

    Interest Rates

    Tenure of the deposit Board Interest Rates Special Interest Rates
    1 month 0.1000 percent per annum 0.3000 percent per annum
    2 months 0.1000 percent per annum 0.3000 percent per annum
    3 months 0.1500 percent per annum 0.8000 percent per annum
    4 months 0.1500 percent per annum 0.8000 percent per annum
    5 months 0.1500 percent per annum 0.8000 percent per annum
    6 months 0.2500 percent per annum 1.1000 percent per annum
    8 months 0.2500 percent per annum 1.1000 percent per annum
    9 months 0.3000 percent per annum 1.1000 percent per annum
    10 months 0.3000 percent per annum 1.1000 percent per annum
    12 months 0.4500 percent per annum 1.4500 percent per annum
    13 months 0.4500 percent per annum 1.4500 percent per annum
    15 months 0.4500 percent per annum 1.4500 percent per annum
    18 months 0.6000 percent per annum 1.5500 percent per annum
    24 months 0.7000 percent per annum 1.5500 percent per annum
    36 months 0.7000 percent per annum 1.5500 percent per annum

    SGD 100,000 - SGD 999,999

    Interest Rates

    Tenure of the deposit Board Interest Rates Special Interest Rates
    1 month 0.1000 percent per annum 0.4000 percent per annum
    2 months 0.1000 percent per annum 0.4000 percent per annum
    3 months 0.1500 percent per annum 0.8000 percent per annum
    4 months 0.1500 percent per annum 0.8000 percent per annum
    5 months 0.1500 percent per annum 0.8000 percent per annum
    6 months 0.2500 percent per annum 1.1000 percent per annum
    8 months 0.2500 percent per annum 1.1000 percent per annum
    9 months 0.3000 percent per annum 1.1000 percent per annum
    10 months 0.3000 percent per annum 1.1000 percent per annum
    12 months 0.4500 percent per annum 1.5000 percent per annum
    13 months 0.4500 percent per annum 1.5000 percent per annum
    15 months 0.4500 percent per annum 1.5000 percent per annum
    18 months 0.6000 percent per annum 1.6000 percent per annum
    24 months 0.7000 percent per annum 1.6000 percent per annum
    36 months 0.7000 percent per annum 1.6000 percent per annum

    The interest rates given above are effective from 21 Jan, 2016.

    Hong Leong Finance Fixed Deposit Promotions

    Hong Leong Finance provides great promotion offers that are extremely lucrative and hold a lot of perks for its customers.

    Interest rates for fixed deposit at per annum basis:

    Fresh Funds 13 Month 18 Month
    S$25,000 to < S$50,000 1.79% 1.87%
    S$50,000 to < S$100,000 1.82% 1.89%
    S$100,000 to < S$200,000 1.87% 1.91%
    S$200,000 and above 1.87% 1.99%

    HLF Fixed Deposit FAQs

    1. Can I make premature withdrawal of my fixed deposit?
    2. Fixed Deposit cannot be withdrawn before the Maturity Date. If the Company consents to withdrawal of the Fixed Deposit, then the Company may impose a penalty on the interest paid-out.

    3. What are the benefits that a senior citizen can avail from having a fixed deposit in HLF?
    4. An additional interest is paid out to a senior citizen at the rate of 0.125% per annum if the account holder is aged 55 years or above and if his/her placement of fixed deposit is for 12 months and/or above.

    5. Is the HLF Fixed Deposit Scheme insured?
    6. Yes. This fixed deposit scheme is insured under the Deposit Insurance Scheme.

    7. Can a firm/ corporate open a fixed deposit account in HLF?
    8. Yes. Fixed deposit schemes are open to firms/corporates as well.

    9. Is it possible to hold a joint account?
    10. Yes. Two or more persons can open a joint account and have to jointly declare that they agree that either one of them can withdraw or renew the time deposit. All related correspondence is sent to the address of the first customer named in the Account.

    News about Hong Leong Fixed Deposit

    • Hong Leong Finance Fixed Deposit Promotion

      Run Time: Ongoing Promotion

      Open a fixed deposit account with Hong Leong Finance and enjoy very attractive interest rate on the deposit amount. The promotional rates offered are as follows:

        • Deposit fresh funds of SGD 25,000 to less than SGD 50,000 and enjoy an interest rate of 1.76 percent p.a. for a tenure of 13 months and 1.83 percent p.a. for a tenure of 18 months.

        • Deposit fresh funds of SGD 50,000 to less than SGD 100,000 and enjoy an interest rate of 1.79 percent p.a. for a tenure of 13 months and 1.85 percent p.a. for a tenure of 18 months.

        • Deposit fresh funds of SGD 100,000 to less than SGD 200,000 and enjoy an interest rate of 1.85 percent p.a. for a tenure of 13 months and 1.87 percent p.a. for a tenure of 18 months.

        • Deposit fresh funds of SGD 200,000 or more and enjoy an interest rate of 1.85 percent p.a. for a tenure of 13 months and 1.92 percent p.a. for a tenure of 18 months.

      Terms and conditions

        • The promotional rates are available only for a short duration of time and for deposit of fresh funds. If the deposit amount is not held for a minimum period of 6 months, you will be charged a fee of SGD 50.

        • Please contact the bank to know about all applicable terms and conditions.

    • Hong Leong Finance’s 3rd Quarter Profit Rises By 17 Percent

      The 3rd quarter profits of Hong Leong Finance has risen by 17 percent due to rising income from interest, better yield from loans and an expansion of its loan base. The net profit for the financial company in the 3rd quarter that ended on 30 Sept, 2015 was $16.8 million, an increase of 17.4 percent from last year.

      The interest earned from loans in the 3 months rose by 18.2 percent from 2014 to $59.5 million. Hiring charges and net income from interest saw a rise of 8.8 percent to $40.9 million. The net loan assets of the company was at $10 billion as of 30 Sept, 2015. The performance of Hong Leong Finance has improved consistently for the last 4 months.

      07th November 2015

    • Hong Leong Finance Promotion

      Run Time – It is an ongoing offer.

      Particulars – Avail attractive interest rates when you make fixed deposits for a period of 3 and 6 months.

      •If your fixed deposit amount is between SGD 50, 000 and SGD 250, 000, then the interest rate you will avail for 3 months is 1.25 percent and 1.55 percent for 6 months

      •If your fixed deposit amount is between SGD 250, 000 and SGD 500, 000, then the interest rate you will avail for 3 months is 1.30 percent and 1.60 percent for 6 months

      •If your fixed deposit amount is SGD 500, 000 and more, then the interest rate you will avail for 3 months is 1.35 percent and 1.65 percent for 6 months

      Terms and Conditions –

      •This offer is available for both existing and new funds

      •The offer is available to both corporates and individuals

      For more information about the offer and its terms and conditions, please contact Hong Leong Finance.

    • Hong Leong Finance Fixed Deposit Promotion

      Run Time – This is an ongoing offer.

      Particulars – Avail attractive interest rates when you make fixed deposits with Hong Leong Finance for a period of 12 and 18 months.

      •If your fixed deposit amount is between SGD 50, 000 and SGD 100, 000, then the interest rate you will avail for 12 months is 1.70 percent p.a. and 1.75 percent p.a. for 18 months

      •If your fixed deposit amount is between SGD 100, 000 and SGD 200, 000, then the interest rate you will avail for 12 months is 1.75 percent p.a. and 1.85 percent p.a. for 18 months

      •If your fixed deposit amount is between SGD 200, 000 and more, then the interest rate you will avail for 12 months is 1.80 percent p.a. and 1.85 percent p.a. for 18 months

      Terms and Conditions –

      •This offer is available to individuals and some selected non- individuals like religious organizations, non- profit organizations, town councils, etc.

      •All the deposits have to be only Fresh Funds which means cheques or cash that has not been withdrawn or transferred from an existing account of Hong Leong Finance for the Fixed Deposit

      For more information about the offer and its terms and conditions, please contact Hong Leong Finance.

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