What is Alliance Bank Fast Cash Plans?
This is a credit facility provided by Alliance Bank which allows you to withdraw cash from your credit cards at ATMs and over-the-counter nationwide, subject to terms and conditions.
FastCash Plan works like a personal loan, you'll then be required to repay in monthly instalments the entire length of your selected repayment period, either 6, 12, 24 or 36 months.
How much cash can I withdraw?
Alliance Bank FastCash allows you to withdraw up to 80% of your available credit limit.
The higher the amount you transfer, the better as you will get 500 Timeless Bonus Points (TBP) when you apply for a cash loan worth RM10,000.
How can I apply for this credit facility?
First, you need to complete the application form on Alliance Bank's website. Or you can also walk in to their branch to get the hard copy application form and submit right away.
What happens if I do not pay my monthly instalments?
If you do not pay your monthly instalments in full, you'll be charge 18% interest rates until the date of your full settlement on the remaining outstanding balance.
A late payment charge of 1% of the monthly payment or RM10, whichever is higher, will also be charged to your credit card account.