Alliance Bank CashVantage Personal Financing-i: Competitive Profit Rates, Fast Approval, and More

Profit Rate

Alliance Bank offers competitive profit rates starting from 4.99% p.a., depending on your loan amount and repayment period.

Key Features

• Financing Amount: From RM5,000 to RM300,000
  (Note: RM300,000 is available for applicants with a minimum income of RM15,000. Otherwise, the maximum financing amount is RM200,000)
• Tenure: Flexible repayment period of up to 7 years
• Loan Type: Shariah-compliant Islamic Financing
• Minimum Income: RM3,000/month (for salaried employees)

Profit Rates Based on Financing Amount & Tenure

Note: The final rate is subject to the bank’s assessment and approval.

Fees & Charges

• Profit Rate: Starting from 4.99% p.a.
• Processing Fee: None
• Stamp Duty: 0.50% of the total loan amount
• Early Termination Fee: None
• Late Payment Fee: 1% of the outstanding amount

Cashback Promotion

For a limited time, Alliance Bank offers a 30% cashback on profit paid for your approved personal financing.

To qualify, applicants must:

• Have a minimum monthly income of RM3,000 (for salaried employees) or RM5,000 (for self-employed individuals)
• The financing must be approved and disbursed during the promotion period (1st October 2024 to 31st December 2024)
• Repay your financing installments on time every month.

Cashback Schedule:
Cashback will be credited starting from the 4th installment, and will continue up to the 8th installment of your financing.

Who Can Apply?

Malaysian citizens aged between 21 to 60 years can apply for the Alliance Bank CashVantage Personal Financing-i, provided they meet the following income criteria:

• Salaried Employees: Minimum monthly income of RM3,000
• Self-Employed: Minimum monthly income of RM5,000

Loan Usage

You can use the Alliance Bank CashVantage Personal Financing-i for various purposes, including:

• Home improvement
• Purchasing a new vehicle
• Wedding expenses
• Starting a business

How Fast Can I Get the Loan?

Alliance Bank processes applications within 2 to 3 working days, and disbursement can be done as quickly as within 24 hours for approved applications under the Same Day Cash feature.

Required Documents

To apply for this loan, you will need the following documents:

For Salaried Employees:

• Copy of IC (both sides)
• Latest 3 months payslips
• 3 months bank statement showing salary credits

For Self-Employed Applicants:

• Copy of IC (both sides)
• Business Registration Certificate (SSM)
• Latest income tax (Form B) with an official tax receipt
• Latest 3 months company bank statement

Eligibility for Blacklisted Applicants

If you have a poor credit history due to missed payments or outstanding debts, Alliance Bank may still consider your application if you show evidence of improved financial management. The bank will assess your eligibility based on your current credit standing, and your credit report will be reviewed via CCRIS and CTOS.

How to Apply for Alliance Bank CashVantage Personal Financing-i

To apply for the Alliance Bank CashVantage Personal Financing-i, follow these steps:

1. Click the Apply Now button to begin the application process.
2. Interact with the WhatsApp chatbot to start your application.
3. Complete the application on Alliance Bank’s website and upload the required documents.
4. Alliance Bank will process your application and contact you within 3 working days.

With Alliance Bank CashVantage Personal Financing-i, you can enjoy competitive profit rates, no collateral required, and the chance to earn cashback on your profit payments. Apply today to take control of your financial future!