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Hong Leong Bank’s Prime Rate
Hong Leong Bank Vietnam Limited (“Hong Leong Bank”) hereby issues the prime rate applicable to loans/facilities at Hong Leong Bank under facilities agreements (“FA”) with reference to the Prime Rate (“Prime Rate” or “PR”) with effective from April 15, 2025 as follows:
- Facilities under the FA signed and disbursed before May 16, 2022 will be applied with the Prime Rate with the quarterly review cycle, on the 15th of January, April, July and October.
- Facilities under the FA (including its supplements) signed and disbursed from May 16, 2022 will be applied with the Prime Rate with the yearly review cycle, on the anniversary date of the loan disbursement date after the end of applying the fixed interest rate.
- Facilities under the FA (including its supplements) signed and disbursed from April 15, 2025 will be applied with the Prime Rate with the quarterly review cycle, on the 15th of January, April, July and October.
Time of facilities disbursement |
Prime Rate | Effective date |
Before 16/05/2022 | 9.65% p.a Quarterly review |
From 15/04/2025 |
From 16/05/2022 | 10.45% p.a Yearly review |
From 15/04/2025 Apply to Facilities with interest rate review date during this period |
From 15/04/2025 | 10.45% p.a Quarterly review |
From 15/04/2025 |
- The Prime Rate may be adjusted by Hong Leong Bank from time to time.
- Please contact Customer Service Center 1900 633 068 to get the latest update on the Prime Rate and/or to clarify information about the Prime Rate applicable to your facilities.
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