Alliance Bank CashVantage Personal Financing-i

Alliance Bank Malaysia Berhad


Financing Amount: RM5000 – RM100000
Financing Tenure: 1 to 7 Years
Profit Rate: 3.99% p.a – 14.78% p.a
Loan Features: Debt Consolidation, Fast Approval, Islamic, Unsecured
Employment: GLC Employee, Government Employee, Pensioner, Private Sector Employee, Self Employed
Minimum Yearly Income: RM36000
Age Eligibility: 21 to 60 Years Old
Debt Consolidation: Yes
Alliance Bank CashVantage Personal Financing-i

Alliance Islamic Bank offer an unsecured Islamic personal financing through Alliance Bank CashVantage Personal Financing-i. This attractive personal loan plan offers low monthly payment, low interest rate, high financing amount, and financing terms of up to 7 years maximum. Find out more about Alliance CashVantage Personal loan.

Alliance Bank CashVantage Personal Financing-i Features

The Alliance Islamic Bank CashVantage Personal Financing-I have several features that set it apart from other Islamic Personal Financing plan in Malaysia.

  • Flexible financing amount
    Alliance Bank CashVantage Personal Financing-i offer financing amount from RM3,000 to RM100,000.
  • Flexible financing tenure
    Customer can choose between 1 year to 7 years of financing tenure.
  • Fixed profit rate
    As with other islamic personal financing, Alliance CashVantage Personal Financing-I offer a fixed profit rate.
  • Variable interest rate
    Variable profit/interest rate from 3.99% to 14.78% per annum.
  • 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 CashVantage Personal Financing-I
  • No early settlement fees
    Alliance does not charge you any early settlement fees if you opt for early settlement.
  • Complementary Takaful Coverage
    CashVantage Personal Financing-I offer a complementary Takaful coverage for death and total permanent disability.

Without a processing fee and early settlement fee charges, Alliance Bank CashVantage Personal Financing-i is an attractive personal loan plan in Malaysia.

Requirements & Eligibility

Alliance Bank CashVantage Personal Financing-i requirements and eligibility are not strict as other bank personal loan in Malaysia. Below are the requirements to apply for Alliance Bank CashVantage Personal Financing-i:

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 banks personal loan in Malaysia, you will have to provide several documents to apply for Alliance Bank CashVantage Personal Financing-i. The documents differ according to your career types.

Private Sector

If you are working in the private sector, you need to provide these documents when applying for CashVantage Personal Financing-i.

  1. Original copy of NRIC.
  2. Latest 3 month’s salary slip (if your salary is deposit directly into a 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 a bank).
  4. Latest EPF statement (6 months minimum)

Self-Employed

For a business owner or self-employed, you will need to provide these documents to apply for Alliance Bank CashVantage Personal Financing-i.

  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/Table

Below is the repayment schedule for CIMB Cash Plus. Click on the image for a larger view.

Alliance bank cashvantage personal financing-i repayment schedule
Alliance Bank CashVantage Personal Financing-i Installment Table.
This table is for illustration purpose only. Your Alliance Bank CashVantage Personal Financing-i installment may vary according to several factor including (but not necessary) ongoing promotion, interest/profit rate, financing amount, financing tenure, base rate (BR), credit score and your income.

Charges & Fees

There is no processing fee if you CashVantage Personal Financing-i 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 CashVantage Personal Financing-i by visiting any of Alliance Bank Malaysia Berhad branch.

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

Apply Alliance Bank CashVantage Personal Financing-i with RinggitPlus

Do you know you can apply Alliance Bank CashVantage Personal Financing-i through RinggitPlus? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and RinggitPlus will call you within 24 hours and guide you step by step through the application process. And their service are 100% Free of Charge.

If you would like a hassle-free Alliance Bank CashVantage Personal Financing-i application, give RinggitPlus a try. Click APPLY NOW button and apply for Alliance Bank CashVantage Personal Financing-i through RinggitPlus right now.

You will be redirected to RinggitPlus website. On the website, click Apply Now to proceed with your application.

Alliance Bank CashVantage Personal Financing-i Review

Alliance Bank CashVantage Personal Financing-i is a personal loan plan that offers a fixed profit rate without any processing or early exit fees. These two features alone make this personal financing plan stood out from the rest. Not to mention the Same Day Cash feature that enables your application to be approved and disbursed within the same day. Not many banks offer this feature for an unsecured Islamic financing. However, financing amount only starts from RM5,000 and the salary requirement is a bit on the high side for most Malaysian. If you meet all the requirements and can afford the repayment schedule, Alliance Bank CashVantage Personal Financing-i is a no-brainer.

Alliance Bank CashVantage Personal Financing-i

Pros

  • No processing fee.
  • No early settlement fee.
  • Complimentary Takaful coverage.
  • Same Day Cash feature.

Cons

  • High salary requirement.
  • Minimum financing only start from RM5,000.

Our Rating

4

Out of 5

Frequently Ask Questions on Alliance Bank CashVantage Personal Financing-i

Below are some of the frequently ask question regarding Alliance Bank CashVantage Personal Financing-i

What is Alliance Bank CashVantage Personal Financing-i?

Alliance Bank CashVantage Personal Financing-i an Islamic Personal Financing plan from Alliance Bank Malaysia Berhad.

Who can apply for Alliance Bank CashVantage Personal Financing-i?

Alliance Bank CashVantage Personal Financing-i is offered to Malaysian Citizen aged between 21 and 60, working in the Public Sector, Private Sector, Self Employed, Pensioner with a minimum annual income of RM36000. Please refer to the “Requirements and Eligibility section” for the complete requirements.

How much can I borrow from Alliance Bank CashVantage Personal Financing-i?

You can borrow from RM5000 up to RM100000. However, final approval amount will depends on several factor such as your income, credit score, etc.

How long is the financing tenure?

Alliance Bank CashVantage Personal Financing-i offer a financing tenure from 1 to 7 years. However, maximum financing tenure will depends on Alliance Bank Malaysia Berhad final decision.

How can I apply for Alliance Bank CashVantage Personal Financing-i?

Please refer to the “How to Apply Section” above.

How long do I have to wait for result?

Usually you will get your Alliance Bank CashVantage Personal Financing-i application’s result in 48 hours after you have submitted the required documents.

How much do I have to pay every month?

Please refer to the “Loan Repayment Schedule” above.

Can I apply Alliance Bank CashVantage Personal Financing-i for Debt Consolidation?

Yes, you can apply this loan for debt consolidation. Please consult directly with Alliance Bank Malaysia Berhad or use RinggitPlus service on how to apply for debt consolidation.

Can I apply if I am blacklisted in my CTOS report?

Sorry, you can’t apply for Alliance Bank CashVantage Personal Financing-i if you are blacklisted in your CTOS report. However, if you are blacklisted by non-financial institution such as telecommunication companies, easy payment scheme, etc, you are eligible to apply.

Can I apply if I have a bad credit score in my CCRIS report?

Sorry, you are not eligible to apply for Alliance Bank CashVantage Personal Financing-i if you have outstanding credit in your CCRIS report.

Can I apply if I’m under AKPK Debt Management Programme?

Unfortunately no. You cannot apply any bank loans if you are under the AKPK Debt Management Programme.

I have other questions regarding Alliance Bank CashVantage Personal Financing-i

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