Alliance Bank Personal Loan
Alliance Bank Personal Loan
Who can apply? •Malaysians and permanent residents working and residing in Malaysia
•Malaysians working in Singapore, but residing in Malaysia will be considered
•Aged between 21 - 55 years old
•Minimum monthly income of RM2,000
Detailed benefits
•11.99% p.a fixed profit rate
•Minimum financing amount of RM5,000 up to RM150,000 with no collateral/guarantor required
•Flexible payment tenure of 12, 24, 36, 48 & 60 months
Fees & charges
Processing fee - No processing fee
Reduction of Ibra'(rebate) - RM200 or 3% of outstanding amount, whichever is higher, if the total financing-i amount is fully settled before maturity of the financing-i tenure
Compensation charges on late payment - 1% p.a. on amount instalment overdue, accruing from the due date up to the date of settlement. For matured facility, Islamic Interbank Money Market (IIMM) will be imposed on the overdue principal accruing from the due date up to the date of settlement.
Required documentation
Prompt Case: For Applicants with Credit Card issued by local Financial Institution with vintage = > 12 months
1.Copy of NRIC or Copy of Passport and evidence of Permanent Resident status (for Foreigner) and
2.Copy of Credit Card ( principal card , front side only ) issued by a domestic issuer and with a vintage of minimum 12 months
Salaried Applicants
1.Copy of NRIC or Copy of Passport and evidence of Permanent Resident status (for foreigner) and
2.a) Copy of current or previous month's Pay Slip/Copy of latest Bank Account Statement where salary is credited, or
b) Copy of latest Form BE with tax receipt or equivalent proof of income/EPF Statement, or
c) Copy of appointment letter (if employed less than 3 months).
Variable Income Earner
1.Copy of NRIC or Copy of Passport and evidence of Permanent Resident status (for foreigner) and
2.a) Copy of latest 3 months current or previous month's Pay Slip/Copy of latest Bank Statement Account where
salary is credited, or
b) Copy of Latest Form BE with tax receipt or equivalent proof of income/EPF Statement or Copy of Yearly Commission Statement from Employer.
Self Employed
1.Copy of NRIC or Copy of Passport and evidence of Permanent Resident status (for foreigner), and
2.Copy of Latest Form BE with tax receipt or equivalent proof of income/EPF Statement/Copy of Audited Financial Statement/Profit & Loss Account, and
3.Copy of Business Registration Form.