Chapter 12: Personal loans offered by Alliance Bank

ALLIANCE BANK

A.    Alliance Bank CashVantage Personal Financing-i

1.      Total finance: RM5000 - RM200000

2.      Finance period: 12 - 84 months

3.      Profit rate: 4.99% p.a

4.      Salary eligibility: Gross salary RM3000 per month or RM36000 per year

5.      Eligibility requirements:

Ø  General requirements

·         Malaysian.

·         Aged 21 to 60 years.

·         Earning RM3,000 per month (or more) or RM36,000 per year (or more).

·         Not blacklisted by any Financial Institution in Malaysia.

·         No Accounts Under Special Observation (SAA).

Ø  Requirements for civil servants and GLC staff

·         Employment status is fixed.

Ø  Requirement for private employees

·         Worked more than 6 months with the same employer.

·         Have an EPF Contribution or if there is no salary contribution, the employer must deposit it in the bank.

Ø  Requirements for business/self -employment

·         The business owner is a Malaysian citizen aged 21 and above

·         Business period is more than 1 year.

·         The business is registered with the Companies Commission of Malaysia (SSM).

·         Have a company bank account.

6.      Required documents:

Ø  For private employees

·         Copy of Identity Card (MyKad) front and back.

·         Copy of latest 3 months salary slip.

·         Copy of latest 3 months salary entry bank statement.

·         Copy of EPF contribution for at least 6 months; or a copy of the latest BE form with the tax payment receipt.

·         Copy of the latest 6 months commission statement (for those who receive commission).

Ø  For government employees and GLC employees

·         Copy of Identity Card (MyKad) front and back.

·         Copy of latest 3 months salary slip.

·         Copy of latest 3 months salary entry bank statement.

Ø  For self-employed

·         Copy of front & back identity card.

·         Copy of company registration with the Companies Commission of Malaysia - Form ROC & ROB.

·         Latest 6 months company bank account statement.

·         Form BE/E and tax payment receipt.

7.      Charge imposed:

·         Stamp duty charges 0.5% of the amount passed.

·         Late payment charge 1% of the loan balance (applicable if you are late paying your loan).

·         No processing charges or early termination charges apply.

 

B.     Alliance Bank CashFirst Personal Loan

1.      Total loan: RM5000 - RM200000

2.      Loan period: 12 - 84 months

3.      Profit rate: 4.99% p.a

4.      Salary eligibility: Gross salary RM3000 per month or RM36000 per year

5.      Eligibility requirements:

Ø  General requirements

·         Malaysian.

·         Aged 21 to 60 years.

·         Earning RM3,000 per month (or more) or RM36,000 per year (or more).

·         Not blacklisted by any Financial Institution in Malaysia.

·         No Accounts Under Special Observation (SAA).

Ø  Requirement for civil servants and GLC staff

·         Employment status is fixed.

Ø  Requirements for private employees

·         Worked more than 6 months with the same employer.

·         Have an EPF Contribution or if there is no salary contribution, the employer must deposit it in the bank.

Ø  Requirements for business/self -employment

·         The business owner is a Malaysian citizen aged 21 and above

·         Business period is more than 1 year.

·         The business is registered with the Companies Commission of Malaysia (SSM).

·         Have a company bank account.

6.      Required documents:

Ø  For private employees

·         Copy of Identity Card (MyKad) front and back.

·         Copy of latest 3 months salary slip.

·         Copy of latest 3 months salary entry bank statement.

·         Copy of EPF contribution for at least 6 months; or a copy of the latest BE form with the tax payment receipt.

·         Copy of the latest 6 months commission statement (for those who receive commission).

Ø  For government employees and GLC employees

·         Copy of Identity Card (MyKad) front and back.

·         Copy of latest 3 months salary slip.

·         Copy of latest 3 months salary entry bank statement.

Ø  For self-employed

·         Copy of front & back identity card.

·         Copy of company registration with the Companies Commission of Malaysia - Form ROC & ROB.

·         Latest 6 months company bank account statement.

·         Form BE/E and tax payment receipt.

7.      Charge imposed:

·         Stamp duty charges 0.5% of the amount passed.

·         Late payment charge 1% of the loan balance (applicable if you are late paying your loan).

·         No processing charges or early termination charges apply.

That's all information regarding personal loan offered by Alliance Bank~ Thanks for reading! Bye😉