Alliance Bank CashFirst Personal Loan

Alliance Bank Malaysia Berhad
Loan Amount: RM5000 – RM150000
Loan Tenure: 1 to 7 Years
Interest/Profit Rate: 3.99% – 14.78%
Loan Features: Conventional, Fast Approval, Unsecured
Employment: GLC Employee, Government Employee, Pensioner, Private Sector Employee, Self Employed
Minimum Yearly Income: RM36000
Age Eligibility: 21 to 60 Years Old
Alliance Bank Cash First Personal Loan

Alliance Bank CashFirst personal loan is a personal financing plan from Alliance Bank Malaysia. This is a popular unsecured and conventional personal loan targeted mostly towards professional in the private sector, or employee of Multinational Companies (MNC) in Malaysia. CashFirst Personal Financing offers financing amount from RM3,000 up to RM150,000 and financing tenure up to 7 years.

Alliance Bank CashFirst Personal Loan Features

The Alliance Islamic Bank CashFirst Personal Loan have several features that set it apart from other personal financing plan in Malaysia..

  • High financing amount
    Alliance Bank CashFirst Personal Loan maximum financing amount is RM150,000.
  • Flexible financing tenure
    Customer can choose between 1 year to 7 years of financing tenure.
  • Flexible profit rate
    Alliance Bank CashFirst offer profit rate from 3.99% up to 14.78% per annum(p.a).
  • Low monthly repayment
    Monthly repayment as low as RM 94 based on loan amount and loan tenure.
  • No processing fees
    Alliance does not charge you any processing fee for CashFirst Personal Loan.
  • No early settlement fees
    Alliance does not charge you any early settlement fees if you opt for early settlement.

Without processing fees and early settlement fees charges, Alliance Bank CashFirst Personal Loan is an attractive personal loan plan in Malaysia.

Requirements & Eligibility

Alliance Bank CashFirst Personal Loan requirements and eligibility are not as strict as other banks personal loan in Malaysia. Below are the requirements to apply for Alliance Bank CashFirst Personal Loan:

General requirements

  • Malaysian PR
  • Age between 21 and 60 years old.
  • Minimum monthly income is RM3,000, or minimum annual income is RM36,00.
  • Not blacklisted by AEON or any other banks in Malaysia.
  • Not under Special Attention Account (SAA) – Pemerhatian Khas.
  • Not under the Debt Management Programme by AKPK.

For government employee

  • Work status is permanent.

For private employee

  • Have been working for more than 6 months with the employee.
  • Able to provide 6 months or more EPF statement.

For self-employed

  • Registered business with Suruhanjaya Syarikat Malaysia (SSM) for more than 1 year.
  • Registered bank’s current account with monthly transaction more than RM5,000.

Not eligible to apply?

If you didn't meet the requirements to apply, you can use our "Check Eligibity Form" to find the best personal financing plan for you.

Documents Needed

As with other bank personal loan in Malaysia, you will have to provide several documents to apply for Alliance Bank CashFirst Personal Loan. The documents differ according to your career types.

Private Sector

If you are working in private sector, you need to provide these documents when applying for CashFirst Personal Loan.

  1. Original copy of NRIC.
  2. Latest 3 months salary slip (if your salary is deposit directly into bank) or latest 6 month’s salary slip/voucher (if your salary is paid by cash or cheque).
  3. Latest 3 month’s salary crediting bank statement (if your salary is deposited to bank).
  4. Latest EPF statement (6 months minimum)

Self-Employed

For business owner or self-employed, you will need to provide these documents to apply for Alliace Bank CashFirst Personal Loan.

  1. Original copy of NRIC.
  2. Company Business Registration Certificate (ROC & ROB). Registration must exceed 1 year.
  3. Latest 6 months company’s current account statement.
  4. BE/E form & Tax payment receipt.

Repayment Schedule/Plan

Below is the repayment schedule for Alliance Bank CashFirst Personal Loan

Alliance bank cashfirst personal loan repayment table

Charges & Fees

There is no processing fee if you CashFirst Personal Loan are approved. However, you still have to pay for 0.5% stamp duty charges.

How to Apply

Important!

Before applying, make sure you have read the Requirements & Eligibility section above. There's no point in applying if you are not eligible to apply for this loan.

You can apply for Alliance Bank CashFirst Personal Loan through any Alliance Bank branches. Bring all the needed documents for application.

Loan processing time varies between 2 to 3 working days. Alliance also offer a feature called “Same Day Cash”. Under this feature, you can get your CashFirst Personal Loan application approved and disbursed on the same day.

However, not every Alliance Bank branch support this feature. You can call Alliance Helpline first to inquire about the same day cash feature and its supported branches.

You can also apply Alliance Bank CashFirst Personal Loan online from the comfort of your home or office using BankBazaar service. It’s free and in some cases you will get quicker result with higher approval rate. Read more below.

Apply Alliance Bank CashFirst Personal Loan with BBazaar

Do you know you can apply Alliance Bank CashFirst Personal Loan through BBazaar? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and BBazaar will call you within 24 hours and guide you through the application process. Did I mention that the process is 100% Free of Charge?

If you would like a hassle-free Alliance Bank CashFirst Personal Loan application, give BBazaar a try. Click APPLY NOW button and apply for Alliance Bank CashFirst Personal Loan through BBazaar right now.

After clicking the button, you will be redirected to BBazaar website. Click the “Check Eligibility” button to proceed with your application.

Alliance Bank CashFirst Personal Loan Review

Alliance Bank CashFirst Personal Loan is an attractive unsecured, conventional personal loan plan in Malaysia. With flexible financing tenure from 1 year to 7 years, you can easily choose the one you are comfortable with. The Same Day Cash feature also is a most sought feature for the loan applicant. However, the minimum salary requirement of RM3,000 is not suitable for most Malaysian. But, your financing won’t be deducted by processing fee and you get no early settlement fee if you wish to settle your debt earlier.

Alliance Bank Cash First Personal Loan

Pros

  • Flexible Financing Tenure up to 7 years
  • No processing fee
  • No early settlement fee

Cons

  • High salary requirement
  • Only available to private sector

Our Rating

4.2

Out of 5

Got Questions Regarding Alliance Bank CashFirst Personal Loan?

Ask away in the comment section below. We will try to reply to them as soon as possible, we promise!

Leave a Reply

Your email address will not be published. Required fields are marked *