Cash woes? A personal loan to the rescue!
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We found 1 Alliance CashFirst Personal Loan
Bank Name
Interest Rate
Loan Tenure
Joining Perks
From 3.99%
1-7 Years
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Alliance CashFirst Personal Loan

The Alliance Bank CashFirst Personal Loan offers competitive rates, low monthly repayments and flexible tenures going up to 7 years.

Interest Rates

Loan Amount Loan Tenure Minimum Income Profit Rate
From RM5,000 to RM150,000 1 to 7 years RM36,000 p.a. From 3.99% p.a. (flat rate basis)

Features

Interest Rate As low as 3.99% p.a. (flat rate basis)
Effective Rate 14.73% p.a. to 24.37% p.a. (appx.)
Minimum Loan Amount RM5,000
Maximum Loan Amount RM150,000
Loan Tenure From 12 months to 84 months
Islamic/Conventional Conventional
Debt Consolidation Available
Consolidate up a maximum of 4 credit cards or/and personal loan liabilities in a one single monthly instalment
Takaful Coverage NA
Approval Duration Fast approval
Government Servant? NA

Benefits

  • The customer can get the personal loan at an interest rate as low as 3.99% p.a. (flat rate basis).
  • The instalments for Alliance Bank CashFirst Personal Loan can start from as low as RM94 per month based on the loan amount and tenure chosen.
  • The loan has a tenure of a maximum of 84 months or 7 years.
  • There is no processing fee charged on the loan.
  • The loan has an easy application process and comes with quick approval times.
  • It is not mandatory to present a guarantor or collateral while applying for the loan.
  • A customer can opt for an easier repayments via the online banking facility available on the bank’s official website.

Fees and Charges

Stamp Duty Charges 0.5% of total approved loan amount disbursed
Processing Fee No processing fee imposed
Brokerage Fee NA

Penalties

Early Settlement Charges No early termination fee imposed
Late Payment Charges 1% p.a. on unsettled amount

Eligibility Criteria

Nationality
  • Malaysian citizen and permanent residents residing and working in Malaysia
  • Malaysians who are working in Singapore but residing in Malaysia will be considered
Age Requirement Minimum age: 21 years
Maximum age: 60 years (upon maturity of the facility)
Employment NA
Minimum Income Requirement Minimum monthly gross income of RM3,000 or minimum annual income of RM36,000
Guarantor/Collateral Requirement Not required
Should I have a linked bank account? NA
  • Only Malaysian citizens and permanent residents residing and working in Malaysia can apply for the Alliance Bank CashFirst Personal Loan.
  • Malaysian citizens who are working in Singapore but residing in Malaysia will also be considered for this bank Personal Loan.
  • Minimum age of the applicant must be 21 years.
  • The applicant should not be more than 60 years old at the time of maturity of the facility.
  • The applicant should have minimum gross monthly income of RM3,000 or RM36,000 p.a.

What documents do I need to prepare for this Loan?

For a salaried applicant For a self-employed applicant For a commission earner
Working in MNC Working in Non-MNC/PLC
  • A copy of NRIC (front and back)
  • Disbursement account particulars (copy of the bank statement/passbook (first page) of disbursement account)
  • A valid copy of current business registration card (business must be minimum 2 years old)
Any one of the following:
  • Latest payslips (for 6 months)
  • Latest company bank statements reflecting business turnover (for 6 months)
  • Latest EPF statements (for 6 months)
  • Latest BE form with validated payment receipt/receipt to LHDN
  • A copy of NRIC (front and back)
  • Disbursement account particulars (copy of the bank statement/passbook (first page) of disbursement account)
Any one of the following:
  • Latest commission statements or verified payment vouchers against bank statements (for 6 months)
  • Latest EA form
  • Latest BE form with validated payment receipt/receipt to LHDN
  • A copy of NRIC (front and back)
  • Disbursement account particulars (copy of the bank statement/passbook (first page) of disbursement account)
Any one of the following:
  • Latest salary slips (fixed or variable income) (for 1 to 3 months)
  • Latest EA form
  • Latest EPF statement (for 6 months)
  • Latest BE form with validated payment receipt
  • A copy of NRIC (front and back)
  • Disbursement account particulars (copy of the bank statement/passbook (first page) of disbursement account)
Any one of the following:
  • Latest salary slips (for 3 months)
  • Latest EPF statements (for 6 months)
  • Latest BE form with validated payment receipt/receipt to LHDN

How to apply?

Online application: A customer can apply for the Alliance Bank CashFirst Personal Loan on the bank’s official website. Customers must submit the duly filled form along with the required supporting documents.

Offline application: A customer can also apply for the loan by visiting the nearest branch of the Alliance Bank.

FAQs

Q. Do I need to pay the charges for GST (Goods and Services Tax)?

A. The fees and charges applied are excluding of any current or future taxes charged by the bank however the GST is applicable only on the Handling Fees. The bank is entitled to recover any such taxes from the customers if they are implemented in the future.

Q. What happens if I settle my payment fully before the due date?

A. A 3 months’ written notice or 3 months’ interest rate in lieu of such notice is required in case of the early settlement of the payment.

Q. How can I pay for my monthly instalments?

A. You can make your payment via ATM or internet banking with Interbank GIRO (IBG)/Instant Interbank Funds Transfer (IBFT) facility provided by the bank. Additionally, you can also choose to debit the amount via Alliance Online Banking from your current or savings account in the bank.

Q. What if I fail to make any payments on my personal loan?

A. A legal action may be taken against you if you consistently fail to make the payments against your personal loan.

Q. Will I get rebate on early settlement of my personal loan amount?

A. Yes, you will be granted a rebate for early settlement on the interest rate if you settle the loan during the lock-in period. The rebate will be decided by the bank by applying a set formula given below.

I = [n(n+1) x R]/[N(N+1)]

Where I = Rebate (Ibra), n = Number of unserved instalments left in months, R = Total agreed profit rate, N = Total tenure agreed in months.

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