Mortgage/-i
Dream Financing For Your Dream Property.
Owning a property begins with the right financing plan. Keep things simple and convenient with our basic or flexible mortgage options.
Owning property becomes easier when you Mortgage with us. We offer different loan services to better meet your demands, be it your home, office and more.
More Information
FAQs about Alliance Bank’s Housing Loan/Financing
To apply for Alliance mortgage or home financing you’ll need to prepare the following basic documents:
| Salaried | Self-Employed |
|---|---|
Identification Documents:
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Identification Documents:
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Note: These are the basic documents required. Additional documents may be requested based on individual circumstances.
To apply for Alliance Mortgage/-i, click here to leave your details, and our Mortgage Specialist will contact you as soon as possible.
We finance completed or under-construction residential and commercial properties. For more information on acceptable collateral, please contact our Mortgage Specialist.
Here are some tips to improve your chances of approval:
- Ensure all required documents are complete and in order when applying for a home loan/financing.
- Maintain a healthy credit score, as it reflects an applicant’s creditworthiness.
- Have stable employment and a reliable source of income.
- Keep your debt service ratio and commitment low.
Interested to find out how much your monthly instalment is? Click HERE to use the Mortgage Calculator to estimate your monthly instalment amount.
You can pay your monthly instalments using any of these convenient methods:
- Interbank GIRO (IBG) or Instant Interbank Funds Transfer (IBFT) via ATM or Internet Banking
- Direct Debit from your Alliance Current Account or Savings Account via Alliance Online Banking or Standing Instruction (SI)
- Over-the-counter payments or at self-service kiosks at any Alliance Bank branch
Choose the payment method that best suits your needs to avoid late charges
Yes, depending on the Mortgage/-i product type.
If you’re on FlexSave Home Loan or FlexLink Home Loan / Financing-i, you can make extra payments anytime. This will help you save on interest/profit paid and shorten your loan/financing tenure.
For more details, please visit the product pages for FlexSave Home Loan and FlexLink Home Loan/Home Financing-i on our website.
For loans/financing pegged to a reference rate (BLR/BFR, BR, or SBR), your monthly instalment will change if the Reference Rate is revised in line with changes to the Overnight Policy Rate (OPR).
The Bank will notify you of any changes through:
- SMS;
- Email;
- Announcements on the Bank’s website;
- Insertion in the statement of account;
- Through any other means of notification as determined by the Bank.
To understand more about OPR, please refer to
https://www.alliancebank.com.my/Alliance/media/Pdf/Overnight-Policy-Rate-and-Alliance-Bank-Standardized-Base-Rate.pdfThere are several other charges and fees that may apply. These include:
| Fee Type | Details |
|---|---|
| Legal and Disbursement Fees | Covers the solicitor's fee, as per the scale in the Solicitors’ Remuneration Order (SRO), and the disbursement fee, which includes registration fees, search fees, and other related charges. |
| Stamp Duty | As per the Stamp Duty Act 1949 (Revised 1989). |
| Valuation Fee | Charged for the preparation of a formal valuation report (applicable for completed properties only). |
| Advance Payment Withdrawal Fee (applicable to Conventional facilities with withdrawal features only) | RM25.00 per withdrawal of excess funds in advance payment for a Conventional Home Loan/ Term Loan with redrawal feature, subject to 8% SST amounting to RM2.00, with a total payable amount of RM27.00 |
| Request for Loan/Financing Statement (ad-hoc) |
RM2.00 per request, subject to 8% SST amounting to RM0.16, with a total payable amount of RM2.16 *No fee if the statement sent via email or collection at the bank’s branch |
| Request for Retrieval and photocopy of Security Documents |
RM7.00 for a set of documents, subject to 8% SST amounting to RM0.56, with a total payable amount of RM7.56 Additional fee: courier fee up to RM15.00 (based on weight), subject to 8% SST amounting to RM1.20, with a total payable amount of RM16.20, if you request hardcopy documents to be mailed to you *No charges if the documents are sent via email |
| Redemption Statement Fee | RM25.00 per request, subject to 8% SST amounting to RM2.00, with a total payable amount of RM27.00 |
| Late Payment Charges | 1% per annum on the amount in arrears |
| Commitment Fee (for unutilised overdraft limit, applicable to Conventional Overdraft only) | 1% per annum on unutilised overdraft limit |
| Excess Fee (for Conventional Overdraft facility) | 1% per annum above the prescribed rate on any Overdraft excess amount |
For the latest information on all fees and charges, please visit the Alliance Bank’s website.
Yes. You can apply for a Mortgage/i jointly with another eligible person
