• Hong Leong Finance Car loan


    Hong Leong Car Loan

    Everyone needs a car in this fast paced world and to get one you need to plan and save substantially. Going for car loans is the easiest way to buy a new car of your choice as it provides you with the upfront amount you need for buying the car. Hong Leong Finance offers you flexible tenure to repay your loans at lower rates of interest and has an efficient approval process.

    You’re probably eligible for an HLF Car Loan if you are

    HLF Car Loan Minimum Age

    Atleast 21 years old

    HLF Car Loan Maximum Age

    Above 21 years

    HLF Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    HLF Car Loan Minimum Income

    Earn more than the minimum
    income required

    Your HLF Car Loan amount eligibility is based on these factors

    HLF Car Loan Minimum Salary

    No Info

    HLF Car Loan Maximum Loan to Value

    Maximum Loan up to 70%

    HLF Car Loan EMI

    EMIs of other loans lower
    your eligibility

    Increase your eligible HLF Car Loan amount by these steps

    HLF Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    HLF Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years

    Documentation needed to apply for an HLF Car Loan

    • 1.Documentary proof of income (IRAS tax returns or salary slip)
    • 2.Insurance documentation, which can be arranged through us
    • 3.Copy of NRIC.

    HLF Car Loan DetailsUpdated on 28 Jun 2017

    HLF Car Loan Details
    Interest Rate 2.78%
    Margin of Finance Upto 70% of the purchase price
    Loan Tenure 1 year to 7 years
    Guarantor Requirement Guarantor is required for foreigners

    Hong Leong Finance in Singapore

    Hong Leong Finance (HLF) is the largest finance company in Singapore and has a network of 28 branches. In the year 1974, HLF was listed on the Singapore Stock Exchange and since then, it has been offering financial products and services as part of Hong Leong Group Singapore. HLF helps several SMEs with customized financing solutions which enables them to become fully functional in the corporate sector.

    Features of Hong Leong Finance New Car loan

    High loan amount - Avail up to 60% of the valuation or purchase amount, whichever is higher.

    Flexible loan tenure – A loan tenure of 5 years make it easy for you to repay the amount at significantly lower instalments.

    Efficient Approval Process – The process of loan approval is pretty fast and effective.

    Hong Leong Car Loan Interest rates

    • The interest rates remains same throughout the tenure but the effective rates change every year.
    • For the first year, the interest rate is 2.68% and the effective rate is 5.81%.
    • However, the effective rates for the second, third, fourth and fifth year are 5.51, 5.39, 5.31 and 5.24 percent, respectively.

    Car loan calculator

    The effective rate and monthly instalments can be computed by using the loan calculator. This helps you to plan before you apply for a loan.

    Frequently Asked Questions

    1. What is ‘flat rate’?
    2. The fixed rate charged on the total amount provided as loan for entire purchase term is known as flat rate.

    3. What is ‘effective interest rate’?
    4. It is the actual interest rate calculated on your loan amount that you have to pay over a specific period of time.

    5. How can I apply?
    6. You can apply for it online by completing the new car loan application on the website.

    7. How can I pay my car loan instalment?
    8. Pay your car loan instalment by cash or cheque at any of the HLF branches across the country.

    Other Products offered by Hong Leong Finance

    News About Hong Leong Car Loan

    • Nissan presents the Nissan LEAF to Whitlock as a token of appreciation

      Nissan has presented the gymnastics sensation Max Whitlock with the all gold, 100% electric Nissan leaf as a token of appreciation for bringing home two gold medals at the RIO 2016 Olympic games.Whitlock will be presented with the keys to a Nissan Leaf completely wrapped in bright gold on his return to the U.K. Max Whitlock is the first individual from the Team Great Britain athletes to be presented with this limited edition model. Nissan is the official automotive partner of Team GB and Paralympics GB and will present the athletes of the same with the new Nissan Leaf.

      22nd August 2016

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