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Group Corporate Affairs
P r e s s R e l e a se
HONG LEONG FINANCE LAUNCHES EXCLUSIVE FINANCING PACKAGE FOR GOOD CLASS BUNGALOWS
Singapore, Dec 7, 2009 – Hong Leong Finance is adding another fillip to its suite of services with the introduction of the Good Class Bungalow financing package. Starting today, customers who sign on with the package will not just enjoy competitive rates, but also F&B vouchers from the Millennium & Copthorne Hotels in Singapore, special rates for Hong Leong Finance’s car financing scheme and wellness and beauty spa treat. Hong Leong Finance will also offer rates of 1.68% to Good Class Bungalow package customers when they apply for a new car loan – the lowest available by the finance company*. In keeping with Hong Leong Finance’s desire to offer customers the best deals, interest rates for the new Good Class Bungalow package start from just 1.38% pa. With a minimum loan value of $3million, customers stand to receive $1,000 worth of F&B vouchers at Millennium & Copthorne Hotels in Singapore. The value of the vouchers goes up to a generous $5,000 for loans of $10million and above. All customers will enjoy a 20% discount at M Hotel dining outlets, as well as receive a HAACH Distinguished Guest Card valid for two years, plus $500 worth of spa vouchers. HAACH Spa is a wellness and beauty chain which provides a wide-range of treatments and services. The giveaways are the latest in a slew of promotions and perks Hong Leong Finance has been offering customers, among them, the popular air miles offer with Kris Flyer both for private property and HDB home loans. Hong Leong Finance’s GCB package promotion completes the Company’s holistic suite of services – with loan packages for HDB flats, private property and now, high-end luxury homes at highly competitive rates, which continue to reinforce the Group’s position as a market leader. “The customer always comes first. With recent renewed interest in the good class bungalow market, it’s only natural for Hong Leong Finance to expand its suite of services,” said Hong Leong Finance President, Mr. Ian Macdonald. *Rates are applicable with a minimum car loan of $150,000
9 Raf fles Place #36-00 Republic Plaza Singapore 048619 Tel: 6438 0880 Fax: 6534 3060 www.hongleong.com.sg
Good Class Bungalows Special Financing Package (=<75% Financing)
Variable Rate Interest Rates (%pa) 1st Year 2nd Year 3rd Year Thereafter 1.38% (SHR – 5.87%) 1.48% (SHR – 5.77%) 2.48% (SHR – 4.77%) 3.38% (SHR – 3.87%) SHR currently at 7.25% pa 2-year Fixed Rate 1.48% (Fixed) 2.28% (Fixed) 2.88% (SHR – 4.37%) 3.28% (SHR – 3.97%) SHR currently at 7.25% pa
For more information, please contact: Adeline Chong Manager, Group Corporate Affairs Hong Leong Group Singapore Tel: 6428 9305 E-mail: adelinechong@cdl.com.sg Tania Tan Assistant manager, Group Corporate Affairs Hong Leong Group Singapore Tel: 6428 9306 E-mail: taniatan@cdl.com.sg
Background Hong Leong Finance (HLF) is Singapore's largest finance company with shareholders’ funds of over S$1,365 million as at 31 December 2008. Having been in business since the 1960s, the company has embraced the opportunity to grow with our customers, many of whom have been with us since we started out. HLF’s island-wide presence of 28 branches ensures that the company is always close to its customers.