Alliance Bank CashFirst Personal Loan

CashFirst is your go-to personal loan for achieving your goals or debt consolidation. Borrow for up to 7 years at flat interest rates and get approved quickly. Apply today and get Cashback via DuitNow worth up to RM1,000!

Alliance Bank CashFirst Personal LoanQuick and Easy Loan
Interest Rate
from 3.99% p.a.
Financing
up to RM200k
Tenure
up to 7 years
Loan Type
Unsecured Loan
Min. Income
RM3,000/month

Get a FREE
Cashback Giveaway
worth RM1000
when you apply through RinggitPlus
Terms and conditions apply

Cashback Giveaway

Loan calculator

Interest rates

How much the bank charges you based on your loan amount & loan period

You borrowLoan periodYour incomeInterest Rate
RM5,000 - RM200,00012 to 84 monthsmin. RM36,0003.99% p.a. - 8.38% p.a.

Fees & Charges

Interest Rate / APR
As low as 3.99% p.a., depending on loan amount and period
Processing Fee
None
Stamp Duty
 0.5%  of the whole amount
Early Termination Fee
None
Late Penalty Fee
 1%  from current outstanding amount

Requirements

Minimum Annual Income
RM36,000
Minimum Age
  • 21 to 60 years old
Who can apply
  • Any nationality
  • Permanent Residents

More Information

Alliance Bank Personal Loan Campaign FAQs:

For a limited time only, all approved applicants of eligible Alliance Bank personal loan(s) will receive a guaranteed sign-up gift of 0.5% Cashback via DuitNow from the minimum approved disbursed amount of RM40,000.

This campaign runs from 18 August 2021 to 30 September 2021, subject to campaign's terms and conditions.

Who is qualified for this promotion?

This campaign is open to new customers that apply online via RinggitPlus.com only. Any permanent and contract employees of Alliance Bank Berhad and Jirnexu Sdn Bhd are not eligible.

Which personal loans can I apply for?

You can apply for:

  • Alliance Bank CashFirst Personal Loan
  • Alliance Bank CashVantage Personal Financing-i

Where can I reach out to you for more information?

For any questions, please get in touch with us via email at [email protected], or phone us at +603 7890 0808 (Mon-Fri, 10AM to 7PM), or DM our FB page.

What can I do with Alliance Bank CashFirst Personal Loan?

If you are at your wit's end over your piling outstanding credit cards and/or personal loan debts with other financial institutions, Alliance Bank CashFirst Personal Loan can be used for debt consolidation purposes - make sure you let the bank know your intention to refinance.

Other than that, you can also apply for this Alliance Bank personal loan to fulfill your personal needs such as for home improvement, purchasing a new vehicle, getting married, or starting a new business - as long as it is reasonable enough for the bank to consider.

How much money can I borrow from this personal loan?

Alliance Bank CashFirst Personal Loan offers a competitive flat interest rate and flexible repayment terms. 

The maximum borrowing amount and loan tenure may be subject to Alliance Bank's due diligence and approval.

How fast can I get my money?

Alliance Bank takes between 2 to 3 working days to process your personal loan application, once you have submitted the completed documents to the branch.

Depending on which branches you have selected, you could potentially get your Alliance personal loan application approved and disbursed on the same day, subject to Alliance Bank's approving criteria.

Under its Same Day Cash feature, you need to bring your application form and supporting documents to perform a biometric scan and print out your EPF statement at Alliance Bank's designated branches:

  • Midvalley
  • Bandar Puteri Puchong
  • Subang Jaya (SS15)
  • Jalan Ipoh
  • Taman Connaught
  • Permas Jaya
  • Batu Pahat
  • Holiday Plaza
  • Air Itam
  • Butterworth
  • Sinsuran
  • Jalan Gaya
  • Laksamana
  • Taman Eng An
  • Puchong Jaya

If you wish to disburse the approved money into another bank account of your choice, it will be subjected to IBG transfer time and charges.

Are there fees and charges I need to pay?

The advantage of Alliance Bank CashFirst Personal Loan is that there is no processing fee and early exit fee. 

As for the latter, you only need to give the bank 3 months' written notice or interest rates.

The only fees you are required to pay for is the Stamp Duty of 0.5%, which will be deducted from your total borrowed amount.

Who can apply for Alliance Bank CashFirst Personal Loan?

All Malaysians and permanent residents of Malaysia aged between 21 and 60 years can apply for this personal loan. 

For example, if you are 58 years old at the time of this Personal Loan application, you can only borrow for a maximum of 2 years as your loan tenure will cease upon reaching the maximum age of 60 years old.

To make an application you must provide supporting documents:

Salaried Employee:

  • Copy of MyKad (front and back)
  • Copy of Disbursement Account statement/passbook (first page)
  • Latest 3-months salary slip
  • Latest 6-months EPF statement; OR
  • Latest BE form with tax payment receipt
  • Latest 6-months commission statement (for commission earners)

Self-Employed:

  • Copy of MyKad (front and back)
  • Copy of Disbursement Account statement / passbook(first page)
  • Latest 6-months salary slip OR company's bank statement
  • Latest 6-months EPF statement
  • Latest B Form with tax payment receipt

Am I qualified to apply for Alliance Bank personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions because all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

Alliance Bank is more likely to approve your personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.