How much money can I borrow?
CashVantage Personal Financing-i offers personal loan from RM5,000 to RM150,000 and flexible payment terms between one to seven years. However, the maximum borrowing amount and loan tenure may be subject to Alliance Bank's due diligence and approval.
For example, if you are 58 years old at the time of CashVantage personal financing application, you can only borrow for a maximum of 2 years as your loan tenure will cease upon reaching the maximum age.
What fees do I have to pay for the Alliance Bank CashVantage personal financing-i?
No extra processing fees are charged when you apply for Alliance Bank CashVantage. You will need to pay Government Stamp Duty of 0.5% and a RM12.72 handling fee (inclusive of 6% GST), which will be deducted from the total amount you borrow.
What documents I need to apply for this personal financing plan?
This is an unsecured personal financing so you will not need to provide a down payment or guarantor. To make an application you must provide supporting documents:
- Copy of your MyKad (front and back)
- Last 3 months payment slips or EPF statement
- Copy of MyKad (front and back)
- Last 6 month's bank statements OR
- Latest Form B from Lembaga Hasil Dalam Negeri OR
- Latest EPF form
How do I get the money?
Your application for CashVantage will be approved and disbursed within two to three working days after you've submit your completed documents. The money you are borrowing will be transferred to an account of your choice.
How do I pay the monthly instalments?
Be sure to make your repayments every month until the total borrowed amount has been repaid in full. Payments can be made conveniently using Inter-bank GIRO ( IBG), it is hassle-free and secure.
Can I pay my CashVantage financing off early?
Yes, you can pay off your financing earlier.
Why didn't I get the profit rates offered?
The profit rates are determined by Alliance Bank based on their approval conditions and your overall customer profile. Only select customers will be approved for the low rates offered. The bank may charge as high as 14.78% p.a. on your financing.