• Alliance Home Loan Malaysia

    Alliance Bank Home Loan

    Alliance Bank is a well-known modern day bank offering day to day banking, financial services and wealth management services across Malaysia. Alliance bank has a dedicated business banking service channel with SME banking approach. The bank offers a host of retail banking solutions including savings accounts, current accounts, loans, credit cards and other banking services. Alliance Bank has personal branches offering privilege banking centers, Islamic banking centers along with direct marketing services across Malaysia. Alliance Bank Home Loan is a popular financial product in Malaysia.


    You’re probably eligible for an Alliance Bank Home Loan if you are

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    Alliance Bank Home Loan Minimum Age

    At least 21 years old

    Alliance Bank Home Loan Maximum Age

    Less than 70 years old

    Alliance Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Alliance Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Alliance Bank Home Loan amount eligibility is based on these factors

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    Alliance Bank Home Loan Minimum Salary

    Instalment limited to about 50%
    of monthly income

    Alliance Bank Home Loan Maximum Loan to property value

    Loan capped @ Up to 90% + 5% MRTA

    Alliance Bank Home Loan EMI

    Instalments of other loans lower
    your eligibility


    Increase your eligible Alliance Bank Home Loan amount by these steps

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    Alliance Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Alliance Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 35 years

    Alliance Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Alliance Bank Home Loan

    • 1. NRIC / Identity Card.
    • 2. Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer.
    • 3. Copy of Individual Title Deed.
    • 4. Property Valuation Report (for completed properties).
    • 5. Latest 3 consecutive months of salary slips / vouchers.
    • 6. Latest EPF statements (with 3 consecutive months or more transaction history).
    • 7. Latest 6 months Bank Statement.

    Alliance Bank Home Loan Interest RatesUpdated on 05 Dec 2016

    Alliance Bank Home Loan Details
    Margin of Finance Up to 90% + 5% MRTA
    Tenor 35 years
    Guarantor Requirement No Guarantee Required

    Why Opt For Alliance Bank Home Loan

    Alliance Home loan is an excellent way to make flexible loan payments and to deposit or withdraw money from the loan account since it comes clubbed with an overdraft account. This loan will make your payments easier and will give you the power to control the interest rate and loan tenure. Also, a person of any nationality but who wishes to own a residence in Malaysia can opt for this loan.

    Features of Alliance Home Loan

    The main features of Alliance Home loans include:

    Some of the important features of home loans are listed below

    • Home loans can be availed at a fixed or floating or a mixture of fixed and floating interest rate.
    • Usually, banks require collateral to be submitted as security against a home loan. This collateral can either pertain to the property that is being funded by this home loan or to any other property owned by the borrower.
    • Repayment of home loans is made via monthly loan installments.
    • Prepayments are allowed which are either free or are charged a penalty fee, depending upon the lending institution.
    • Home loans are usually long-term in nature with tenures ranging between 5-35 years.
    • Up to 90% of the property value can be availed as home loan.
    • Payment of processing fees, stamp duty and other such charges may be required.
    • Interest rate on home loan depends upon the bank and the customer generally has a choice of fixed, variable or a combination of fixed and variable rate of interest.
    • Many banks offer Flexi Home Loans which come with a loan account coupled with an overdraft account. This can be used to deposit additional amounts in times of surplus and hence lowering the principal and thereby the corresponding overall interest amount. This facility can also be used for withdrawing excess cash in times of need.

    Interest Rates On Alliance Home Loan

    The interest rates computed for the calculation of home loan EMI are floating and rates are reduced based on early timely loan payments. The term of the loan can up to 30 years for repayment and 95% margin can be used for the home loan.

    Types of Loans Available in Alliance Home Loans

    There are a variety of home and property loans available from Alliance. Here they are with their salient features:

    Conventional Home Loan

    Alliance bank offers a conventional home loan which is a no frills basic home finance scheme. All successful loan applicants opting for conventional home loan are offered up to 90% finance with 5% mortgage reducing term assurance and/or financed entry cost. The bank charges RM50 charged for each re-drawl as well as a setup fee of RM200 for Conventional Home Loans with redraw facility.

    Savelink Home Loan

    Savelink Home loan is a popular home loan scheme offered by Alliance Bank in which a flexible home loan finance scheme is linked to a current account. The Savelink home loan offers a one off set up fee of RM200 with a monthly maintenance fee of RM10. Any extra cash deposited in the current account will automatically reduce the interest charges for the home loan under Savelink home loan scheme.

    Savelink Interest Payment Option

    Savelink Interest payment option scheme is a home loan scheme offered by Alliance Bank that link current account with the home loan offering a flexible option for the borrower to service interest payments only for the first three years of the loan. The Savelink Interest payment option scheme comes with a monthly maintenance charge of RM10 and with a onetime set up fee of RM200.

    Home Complete Personal Loan

    Home complete personal loan is an affordable finance option scheme offered by Alliance Bank. The home complete personal loan scheme offers a one stop solution for both mortgage and personal loan for the applicants. The loan scheme offers an additional facility for renovation and refurbishment of the home under the home complete personal loan scheme.

    Home Complete Plus-Solar panel Financing

    Home complete plus is an affordable finance plan offering loans for installation of solar panels in homes. The scheme offers loan up to 90% of finance for a lower down payment. The scheme allows monthly repayment with Feed-in Tariff payment facility.

    How to Apply For Alliance Home Loan

    You can apply for the home loan online but you have to keep in mind the following eligibility criterias and documentation before you apply for the loan. Loan application can also be done in the bank branch nearest to you:

    very lending institution has a different criteria, however, listed below are the common points on which any home loan applicant may be judged while applying for a home loan.

    • The age of the applicant should be between 21 and 60. This can vary a bit at both ends depending upon the bank from which the loan is sought
    • A minimum salary requirement needs to be met which again varies from bank to bank
    • Loans are granted to both Malaysians as well as non-Malaysians
    • A good credit history is an added plus while applying for a home loan
    • The nature of employment also plays a vital role in deciding the eligibility

    Documents required

    Following is the list of documents that may be requested by the bank before approving home finance for to a customer

    • NRIC / Identity Card.
    • Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer.
    • Copy of Individual Title Deed.
    • Property Valuation Report (for completed properties).
    • Latest 3 consecutive months of salary slips / vouchers.
    • Latest EPF statements (with 3 consecutive months or more transaction history).
    • Latest 6 months Bank Statement.

    How to Calculate Loan Installment for Alliance Bank Home Loan?

    The online calculator for Alliance Bank home loan is a simple and convenient tool hosted on babzaar.my and it lets you calculate your home loan installment with the least amount of hassle. This calculator takes in the following home loan parameters as input and calculates the home loan monthly installment based on these.

    • Desired home loan amount
    • Preferred loan tenure
    • Applicable rate of interest
    • Processing fee

    Knowing the monthly installment amount even before availing home loan makes it easier for customers to plan their monthly budget. Also by varying these input parameters, customers can reach the optimum installment amount that will be most suitable to them.

    FAQS on Alliance Home Loans

    1. What are the benefits of Alliance Bank conventional home loan?

      Alliance bank conventional home loan come with no monthly maintenance fee. All extra payments made by the loan borrower will be liable to generate extra interest. Alliance bank conventional home loan scheme allows redraws option to reuse any extra payments whenever needed by the borrower.

    2. What are the interest rates applicable for conventional home loan?

      The BLR is 2.30% while for over draft facility the BLR is stipulated at 1% under conventional home loan scheme.

    3. What is the margin of financing available under conventional home loan?

      Alliance bank conventional home loan scheme allows up to 90% plus 5% mortgage reducing term assurance and/or financed entry cost. The bank offers Max MOF 70% Overdraft facilities under the loan scheme.

    4. What are the various financing types available under conventional home loan scheme?

      Alliance bank conventional loan scheme is available for completed or under-construction property as well as sub sale and top up borrowing. Refinancing from another bank with or without cash and unencumbered property financing facility is also available under the scheme.

    5. What are the age requirements and tenure period of conventional home loan?

      The conventional home loan is available for all applicants between 21 years and 70 years of age for a maximum loan tenure period of up to 35 years.

    6. What are the benefits of Alliance Bank Savelink Home Loan?

      Alliance Bank Savelink home loan offers borrowers the advantage to redraw extra cash deposited at any time with no charges for redraw. Any extra cash deposited into the current account will automatically reduce the interest charges and shorten your loan tenure.

    7. What are the interest rates applicable?

      The interest rates for Up to BLR are 2.30% while for overdraft facility the BLR is stipulated at 1% under Savelink home loan scheme.

    8. What is the Margin of financing available under Savelink Home Loan?

      Alliance bank Savelink home loan scheme allows Up to 90% plus 5% mortgage reducing term assurance and/or financed entry cost. The bank offers Max MOF 70% Overdraft facilities under the loan scheme.

    9. What are the various financing types available under Savelink Home Loan scheme?

      Alliance bank conventional loan scheme is available for completed or under-construction property as well as sub sale and top up borrowing. The loan is also applicable for unencumbered property financing as well as refinancing from another bank with/without cash out.

    10. What are the age requirements and tenure period of Savelink Home Loan loan?

      The maximum loan tenure for Savelink home loan is 35 years. The loan is available for applicants between 21 to 70 years of age.

    11. What are the benefits of Alliance Bank Savelink Interest Payment Option loan plan?

      Alliance bank Savelink interest payment option home loan offers borrowers to pay more when they have spare cash without any extra charges. It allows the borrowers to have full control to repay and redraw extra funds deposited at any time with zero charges for redraw.

    12. What are the interest rates applicable for Bank Savelink Interest Payment Option home loan?

      The interest rates for Up to BLR are 2.30% while for over draft facility the BLR is stipulated at 1% under Savelink interest payment home loan option.

    13. What is the Margin of financing available under Bank Savelink Interest Payment Option home loan?

      Alliance bank Savelink interest payment option home loan scheme allows Up to 90% plus 5% mortgage reducing term assurance and/or financed entry cost.

    14. What are the various financing types available under Bank Savelink Interest Payment Option home loan?

      Alliance bank conventional interest payment option loan scheme is available for completed or under-construction property as well as sub sale and top up borrowing.

    15. What are the age requirements and tenure period of Bank Savelink Interest Payment Option home loan?

      The maximum loan tenure for Savelink home loan is 35 years. The loan is available for applicants between 21 to 70 years of age.

    16. What are the benefits of Home Complete Personal loan plan?

      Home complete personal loan plan offers affordable financing with low interest rates with additional facility for renovation and refurbishment of your dream home.

    17. What are the interest rates applicable for Home Complete Personal loan?

      The interest rates for home complete personal loan ranges between BLR + 1% to BLR + 1.5%.

    18. How is the interest calculated under Home Complete Personal loan?

      The interest under home complete personal loan plan is calculated as term loan with reducing balance.

    19. What are the various financing types available under Home Complete Personal loan?

      Under the home complete personal loan, loans are available for single borrower only with no collateral requirements. The loan is not available for those individuals with more than 2 home loans.

    20. What are the age requirements and tenure period of Home Complete Personal loan?

      The maximum tenure period of home complete personal loan is up to 10 years while loan is available for applicants between 21 to 55 years of age.

    21. What are the benefits of Home Complete Plus-Solar panel Financing plan?

      Alliance bank home complete plus solar panel financing plan offers affordable financing with low interest rate for installation of Solar Panel. The loan scheme offers up to 90% margin of finance for a lower down payment

    22. How is the interest calculated under Home Complete Plus-Solar panel Financing Plan?

      The interest under home complete plus solar panel financing plan is calculated as term loan with reducing balance.

    23. What is the minimum income required to be eligible for Home Complete Plus-Solar panel Financing plan?

      The minimum income required to be eligible for home complete plus solar panel financing plan is up to RM150k.

    24. What are the various financing types available under Home Complete Plus-Solar panel Financing plan?

      Under the home complete plus solar panel financing plan, loans are available for single borrower only with no collateral requirements.

    25. What are the age requirements and tenure period of Home Complete Plus-Solar panel Financing plan?

      The maximum tenure period of home complete personal loan is up to 10 years while loan is available for applicants between 21 to 55 years of age.

    Other Products offered by Alliance Bank:

    Apart from offering Home Loan,Alliance Bank offers other products and services which include:

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