Dear Valued Customers,

With effect from 1 August 2019, an additional profit rate above the Prescribed Rate (“Additional Profit Rate”) on daily rest on the total balance outstanding of the facility for any overdue instalment/profit payment is chargeable in the following manner:

Housing Financing (“HF”) and/or Term Financing (“TF”)

• Additional Profit Rate of 1.50% per annum shall be chargeable on the total balance outstanding when there are arrears in the financing account for three (3) consecutive months during the duration of the facility subject to the all-in rate not exceeding the Ceiling Rate;
• Additional Profit Rate of 2.50% per annum (“Default Rate”) shall be chargeable on the total balance outstanding when three (3) monthly instalments/profit payment are not paid and the account turned into default during the duration of the facility subject to the all-in rate not exceeding the Ceiling Rate;
• The profit rate shall be revised back to the Prescribed Rate in the following month upon full settlement of the arrears;

Cashline Facility-i ("CF-i”)

• Additional Profit Rate of 1.00% per annum is chargeable on the entire outstanding sum in the event that the Cashline Facility-i is in default subject to the all-in rate not exceeding the Ceiling Rate.

*Prescribed Rate = Contracted / Effective Profit rate
e.g. Base Rate (BR) +0.62%= 3.19% per annum (current BR is 2.57%)

The revised Product Disclosure Sheet is available at https://www.alliancebank.com.my/financing/islamic/mortgage-i/i-wish-home-financing-i.aspx

Thank you.