• Interest Rate (p.a.)

    4.99% - 14.78%

  • Loan Tenure

    1 - 7 years

  • Approval Duration

    Up to 48 hours

  • Min. monthly income

    RM3,000

Promo

Now you can enjoy low interest rate starts from 4.99% p.a (Flat)

This offer is applicable for loan tenure up to 2 years

Loan calculator
Loan amount
RM
Loan tenure
year
Monthly salaryRM0
Interest Rate (p.a.)

0

Monthly Repayment

RM0

Total Interest PayableRM0
Total Amount PayableRM0
What's so great about Alliance Bank CashFirst Personal Loan?
  • Fixed interest rate as low as 4.99% per annum (Flat)
  • Approved loan amount of up to RM150,000
  • Consolidate Credit Card and/or Personal Loan commitments into ONE single monthly repayment

Product Features

Min. financing amountRM5,000
Max.financing amount Up to 7x fixed monthly salary or up to RM150,000
Min. loan tenure1
Max. loan tenure7
Islamic/ConventionalConventional
Interest rateFixed rate as low as 4.99% p.a (Flat), subject to individual income and risk profile
Approval durationUp to 48 hours
Debt consolidationYes

Fees & Charges

One time set up
Processing feeN/A
Stamp duty0.5% of loan amount
Disbursement & misc. feeN/A
Penalties
Early settlementN/A
Late payment charges1% p.a. on outstanding loan amount

Eligibility

Age requirementAge 21 - 60
Employment eligibilityMalaysian citizens and permanent residents working and residing in Malaysia. Malaysian citizens working in Singapore will be considered
Min. salary requirementRM3,000 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?No
Need to buy Takaful product?No

Product Review byiMoney

Overview

Alliance Bank CashFirst Personal Loan gives you the financial support to reduce your debts with other banks by consolidating all your loans into one, for personal use or business use. If your purpose of applying this loan is for debt consolidation, you are allowed to consolidate up to a maximum of 4 Credit Cards and/or Personal Loans commitments into ONE single monthly repayment. When you apply for this personal loan you will indulge great fixed interest rate of 4.99% to 14.78% per annum (Flat) with a faster approval within 7 working days. The minimum loan amount to be applied is RM5,000 and the maximum up to RM150,000 for a minimum loan tenure of 1 year and maximum of 7 years.

You will have the opportunity to enjoy low monthly instalments and FREE from processing fees, early settlement penalty and there is NO guarantor or collateral required. One-Time payment of 0.5% of loan amount will be charged as stamp duty fee and late payment charges of 1% per annum on outstanding loan amount will be charged to you if you failed to make your monthly payments on time. Furthermore, you must be in the age between 21 and 60 years old with a minimum gross income of RM3,000 per month in order for you to be eligible to apply for Alliance Bank CashFirst Personal Loan. The most important thing to avoid the high possibilities of loan rejection is to make sure that you do not have overdue payments with other banks for any loan or credit card and have no issues with your CTOS and CCRIS. Having a good credit history and good credit record on your CTOS and CCRIS will increase higher chance of loan approval.

Alliance Bank Personal Loan

What is the maximum amount of money that you can loan from the bank?

You are allowed to borrow up to four times the amount of your fixed monthly gross income or RM 150,000.

So what are the Terms & Conditions?

To be qualified for the Alliance Bank Personal Loan, you must be in the age between 21 and 60. On top of that, you cannot exceed the age of 60 years before the end of the loan tenure.

This Alliance Bank Personal Loan only provides credit facilities to Malaysian citizen or permanent resident working and residing in Malaysia with a minimum gross income of RM3,000 per month. However, Malaysian citizens working in Singapore but is residing in Malaysia will be considered.

So what else do I need to pay on top of the loan amount?

There is a one time set-up fee:

  • Stamp duty of 0.5% on loan amount will be deducted upfront before loan disbursement. For example, if you borrow RM10,000, you need to pay RM55 for the stamp duty.
  • Recurring payments:

  • Monthly repayment = principal amount + interest charge (via monthly salary deduction)
  • For financing tenure between 1 to 2 years:

  • Fixed profit rate ranging from 4.99% to 14.78% per annum (Flat) throughout the entire financing tenure.
  • For financing tenure between 3 to 7 years:

  • Fixed profit rate ranging from 8.38% to 14.78% per annum (Flat) throughout the entire financing tenure.
  • The Personal Loan interest rate is based on individual risk rating. Having a higher salary lowers your risk rating as it reflects that you are less likely to default in your financial obligations (or conditions) of a loan.

    What are the penalties for late payment or early settlement?:

  • Late payment charges of 1% on outstanding loan amount will be imposed. With these late payment charges, your total outstanding loan amount will increase.
  • No early settlement penalty imposed if you provide Alliance Bank with:
  • -3 months advance notice in writing, OR
    -Payment equivalent to 3 month’s interest charge in lieu of advance notice

    How long will the application take and what documentations are required?

    Upon completing an application with iMoney, our representative will be contacting you within the same business day to confirm your application.

    Thereafter, Alliance Bank will require an average of 7 business days (not including Saturday, Sunday, and public holidays) before the approval or disbursement.

    You are required to furnish the following documents for your loan application:

    Employee of MNC:
    • Copy of NRIC (front and back)
    • Copy of Bank Statement OR Passbook (first page)
    • Either 1 of the documents below:
    • - 1 month (most current) salary slip (fixed monthly salary) OR 3 months (most current) salary slips (variable monthly salary)
      - EA Form (most current)
      - 6 months (most current) EPF Statement
      - BE Form with validated payment slip/receipt (most current)
    Employee of non-MNC or private limited company:
    • Copy of NRIC (front and back)
    • Copy of Bank Statement OR Passbook (first page)
    • Either 1 of the documents below:
    • - 6 months (most current) EPF Statement
      - BE Form with validated payment slip/receipt (most current)
    Self-employed applicants:
    • Copy of NRIC (front and back)
    • Copy of Bank Statement OR Passbook (first page)
    • Copy of current and valid Business Registration Card (business must be at least 2 years)
    • Any of the documents below (choose one):
    • - 6 months (most current) salary slips
      - 6 months (most current) company’s principal bank statement reflecting business turnover
      - 6 months (most current) EPF Statement
      - B Form with validated payment slip/receipt (most current)
    Applicants earning commission:
  • Copy of NRIC (front and back)
  • Copy of Bank Statement OR Passbook (first page)
  • Any of the documents below (choose one):
  • - 6 months (most current) commission statement / payment voucher verified against bank statements
    - EA Form (most current)
    - B Form with validated payment slip/receipt (most current)

    Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

    The answer is No, you are required to settle all overdue payments before applying. It is advised that you continue repaying your loans on time for another three months before reapplying. Learn more about credit information from Credit Bureau Malaysia.


    If you are looking for other personal loans, you may also consider
    CIMB Bank Cash Plus Personal Loan
  • With CIMB Bank Cash Plus Personal Loan , the personal loan comes with a fixed interest rate that starts from 8.20% p.a. This personal loan has a maximum tenure of 5 years and comes with a minimum income requirement of only RM2,000.
  • Al Rajhi Bank Personal Financing-i
  • Al Rajhi Bank Personal Financing-I has a flat interest rate starting from 6.99% p.a. The maximum tenure for this personal loan is 8 years and comes with a minimum income requirement of only RM4,500.
  • All Personal Loan Rates in Malaysia
  • Want to compare other banks before making your decision? We understand where you're coming from. Just head over to our comparison page to compare which of the many personal loans available in the market suits you the best.