RM
year(s)
RM
- You Pay
- RM 89 /mth
- Profit Rate
- Total Profit Payable
- RM 70
- Total Repayment
- RM 1,070
Alliance Islamic Bank CashVantage Personal Financing-i
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- Profit Rate
- 4.99% p.a. ~ 14.78% p.a.
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- Max. Financing Amount
- RM 150,000
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- Approval Duration
- Up to 24 hours
Calculate your financing repayment instantly
Key Features
Fixed profit rate starting at 4.99% per annum (subject to bank's approving criteria)
Approved financing amount of up to RM150,000
Consolidate Credit Card and/or Personal Loan commitments into ONE single monthly repayment
More details
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Features- Approval Duration
- Up to 24 hours
- Min. Financing Amount
- RM 5,000
- Max. Financing Amount
- RM 150,000
Other features
- Maximum Financing Tenure
- 7 years
- Debt Consolidation
- Yes
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Eligibility/Documents- Employment Eligibility
- Salaried, self employed, commission earner
- Age Requirement
- 21-60 years old
- Min. Monthly Salary
- RM 3,000
Other eligibility requirements
- Other Details
- Must have existing credit commitment for at least 12 months
- Application Form
- Alliance CashVantage
- NRIC
- Front & back
- Salary Slip
- 1 month (fixed income) or 3 months (variable income)
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Fees and charges- Processing Fees
- N/A
- Stamp Duty
- 0.5% of financing amount
Other Fees and charges
- Late Payment Charges
- 1% p.a. on outstanding financing amount
If you're not sure which loan is right for you, we can help!
How do you apply for a personal financing online?
Step 1
Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.
Step 2
Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.
Step 3
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
Read more about Personal Loan
Review by iMoney
Overview
Alliance Islamic Bank CashVantage Personal Financing-i is an unsecured Islamic Personal financing which provides financial needs whether it is for personal usage, debt consolidation or business purpose for Malaysian citizens and permanent residents working and living in Malaysia. If you are looking forward mainly for debt consolidation, this financing can help you consolidate up to a maximum of 4 credit cards and/or personal financing commitments into ONE single monthly instalment. The minimum financing amount to be applied is RM5,000 and the maximum you can go up to is RM200,000 for a minimum financing tenure of 1 year and maximum of 7 years. The good thing about applying for this personal financing is the low monthly instalment from as low as RM97 (which depends on your financing amount, financing tenure and profit rate), there will be no processing fee, fast approval, no guarantor or collateral required and no early settlement penalty.
Therefore, you will enjoy the fixed rate that is between 8.88% - 15.28% per annum depending on customer profile and income. A one-time fee will be charged to you for stamp duty with the rate of 0.5% of financing amount (no other set up fees need to be paid). If you failed to make your monthly repayments on time a late payment fee of 1% per annum on outstanding financing amount will be charged to you. In order to qualify for the financing you must be between the age of 21-60 years old and with a minimum gross salary of RM3,000 per month. The most important thing to avoid financing rejection is not to have any overdue payments with your other financing taken from banks and to maintain a good credit history in your CTOS & CCRIS record.
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In order to qualify for the financing, the applicant must be between the age of 21 to 60. Bear in mind, the applicants age must not exceed 60 at the end of the financing tenure.Applicant must be a Malaysian citizen or permanent resident working and residing in Malaysia with a minimum gross salary of RM3,000 per month. Malaysian citizens working in Singapore but residing in Malaysia will be considered.