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Group Corporate Affairs
P r e s s R e l e a se
Hong Leong Finance reduces its HDB home loan rates
1st year variable rate of 1.33% p.a. among the lowest in the market
Singapore, 18 December 2009 – Hong Leong Finance (HLF) is upping the ante with its latest loan packages for HDB properties. With variable rates at a very attractive 1.33% per annum (p.a.) for the first year, or a 2-year fixed rate from1.63% p.a. for financing of up to 80%, HLF’s rates continue to set the tone as one of the lowest in the market. Customers will also receive a $20 Millennium & Copthorne International Limited hotels (MCIL) gift voucher for every $100,000 loan. Participating MCIL hotels include Orchard Hotel Singapore, Grand Copthorne Waterfront Singapore, M Hotel Singapore, Copthorne King’s Singapore and Copthorne Orchid Singapore. Rates for smaller loans have also been revised. For loans below $100,000 with financing of up to 80%, the first year variable rate is as low as 1.93% pa and its 2-year fixed rate is from 2.33% pa. These new HDB loan packages follow hot on the heels of HLF’s recent loan packages for Good Class Bungalows, and its well-received loan packages for HDB and private properties in October, where customers were rewarded with gifts such as KrisFlyer air miles, MCIL vouchers and Haach Spa vouchers. “Hong Leong Finance prides itself on keeping its rates highly competitive and offering customers the most attractive rates possible. We have received more enquiries for our HDB home loans in line with the increased activity in the HDB market for both new and resale HDB flats. We anticipate continued growth of our HDB home loans portfolio in 2010, which will be boosted in part by the HDB’s plans to launch at least one Build to Order (BTO) project per month to meet the housing demand here,” said Mr Ian Macdonald, President, Hong Leong Finance. For more information, customers can visit any of HLF’s 28 branches islandwide or call 18003388 338. About Hong Leong Finance Hong Leong Finance 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 its customers, many of whom have been with the company since it started out. HLF’s islandwide presence of 28 branches ensures it is always close to its customers. Its newest branches are located at 9 Tampines Grande and in Singapore’s first eco-mall, City Square Mall. For more information, please contact: Adeline Chong Manager, Group Corporate Affairs Hong Leong Group Singapore Tel: 6428 9305 H/P: 8128 0811 Email: adelinechong@cdl.com.sg
9 Raf fles Place #36-00 Republic Plaza Singapore 048619 Tel: 6438 0880 Fax: 6534 3060 www.hongleong.com.sg
18 December 2009
HONG LEONG FINANCE LTD
HDB Home Loan Packages (Loan amount $100,000 and above) 80% financing or less Interest rate (% pa) 1 year 2nd year 3rd year Thereafter 1st year 2nd year 3rd year Thereafter
st
>80% Financing Variable rate 2.03% 2.83% 3.33% 3.83% 2-year Fixed Rate 2.23% (Fixed) 3.03% (Fixed) 3.63% 4.03%
Variable rate 1.33% 2.03% 2.63% 3.33% 2-year Fixed Rate 1.63% (Fixed) 2.13% (Fixed) 2.83% 3.33%
HDB Home Loan Packages (Loan amount below $100,000) 80% financing or less Interest rate (% pa) 1st year 2nd year 3rd year Thereafter Variable rate 1.93% 2.43% 3.03% 3.43% 2-year Fixed Rate 2.33% (Fixed) 2.93% (Fixed) 3.03% 3.43% 80% financing or less