Alliance Digital SME Business Loan
| Borrow Amount | Max. Financing Tenure | Interest Rate | You Pay |
| RM 100,000 | 5 Years | 10.90% p.a. | RM 2,575/mth |
| Borrow Amount | Max. Financing Tenure | Interest Rate | You Pay |
| RM 100,000 | 5 Years | 10.90% p.a. | RM 2,575/mth |
“I applied for the loan 2months ago, and there’s still no update. The process is extremely slow and inefficient.”
The customer service team is unhelpful and rude. They couldn’t answer my questions properly and made me feel like my concerns weren’t important.”
“The loan terms are rigid and don’t cater to the dynamic needs of SMEs. It’s like they don’t understand small businesses at all.”
Alliance Bank Digital SME Loan: A Convenient Business Financing Solution
Alliance Bank’s Digital SME Loan is a term loan designed to help small and medium-sized businesses access funding easily without the need for collateral. With online application options, it’s perfect for businesses looking for flexibility and convenience.
Key Features:
Loan Amount: RM20,000 to RM1,000,000
Loan Tenure: 1 year to 7 years
Interest Rate: 5.90% to 13.78% p.a. (flat) or BLR + 3.00% to 3.50% p.a.
Effective Interest Rate: 9.67% to 24.53% p.a.
Early Settlement: Allowed for loans up to RM500,000; 2-year lock-in for loans above RM201,000
Eligibility & Requirements:
Minimum Business Operation: 1 year
Required Documents: Latest 6-month business bank statement (PDF)
Age of Shareholder/Director: 21 to 60 years old
Guarantors: Required for all directors/shareholders
Key Benefits:
Access to Alliance BizSmart Solution and Support Lokal initiative for business growth and digital branding
Charges: Stamp duty (0.5% of loan amount), RM500 documentation fee (waived for loans up to RM100,000)