Alliance Bank CashVantage Personal Financing-i

A flat rate unsecured Islamic Personal Financing with low monthly instalments, debt consolidation option and super fast approval. Enjoy 40% cashback on your profit rate for the entire tenure!

Alliance Bank CashVantage Personal Financing-iFast and Easy Loan
Profit Rate
from 5.33% p.a.
Financing
up to RM200k
Tenure
up to 7 years
Loan Type
Unsecured Islamic Financing
Min. Income
RM3,000/month

Loan calculator

Profit rates

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

Financing ValueFinancing periodYour incomeProfit Rate
RM5,000 - RM200,00012 to 84 monthsmin. RM36,0005.33% p.a. - 9.17% p.a.

Fees & Charges

Profit Rate / APR
As low as 5.33% p.a., depending on financing 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
  • Malaysians
  • Permanent Residents

More Information

For a limited time until 31st August 2019, get lower profit rate as low as 5.33% p.a. with 40% cash rebate on total profit paid when applying for any amount between RM5,000 to RM200,000. To be entitled for 40% cash rebate, you must pay your monthly instalment amount on time or before the due date during the entire tenure.

What can I do with Alliance Bank CashVantage Personal Financing-i?

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 CashVantage Personal Financing-i can be used for debt consolidation purpose - make sure you let the bank know your intention to refinance.

Other than that, you can also apply for CashVantage Personal Financing-i 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 Islamic personal loan?

CashVantage Personal Financing-i offers a competitive flat profit rate and flexible repayment terms. The maximum borrowing amount and loan tenure may be subject to Alliance Islamic Bank's due diligence and approval.

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

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 CashVantage Personal Financing-i 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 CashVantage Personal Financing-i 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 profit 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 CashVantage Personal Financing-i?

All Malaysians and permanent resident of Malaysia aged between 21 and 60 years can apply for this Islamic personal loan. You also don't need to standby a collateral or guarantor as this is an unsecured personal financing. 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 3-months salary slip OR Company'sbank statement
  • Latest 6-months EPF statement
  • Latest B Form with tax payment receipt

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

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect 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.