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.
FAQs about Alliance Bank’s Housing Loan /Financing
The basic documents required for Mortgage/-i application are:
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Identification Documents:
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Identification Documents:
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Please note that these are just the basic documents required. The bank may require additional documents depending on individual circumstances.
Click HERE to leave your details and our Mortgage Specialist will contact you as soon as possible
Alliance Bank/Alliance Islamic Bank finance residential and/or commercial properties.
- Ensure all required documents are complete and in order when applying for a home loan/financing.
- Maintain a healthy credit score, as it reflects applicant’s creditworthiness.
- Have a stable employment and a reliable source of income.
- Keep your debt service ratio and commitment low.
Use a mortgage calculator to estimate your monthly instalment amount, click HERE .
You may make monthly payments through any of the below recommended payment methods:
- Interbank GIRO (IBG)/Instant Interbank Funds Transfer (IBFT) via ATM or Internet Banking.
- Direct Debit from your Alliance Current Account/Savings Account via the Alliance Online Banking or Standing Instruction (SI).
- Over-the-counter payments or at the self-service kiosk located at any Alliance Bank branch.
You have the option to fully settle your loan/financing before the tenure ends. However, if your Conventional Home Loan is still within the lock-in period of 3 years, an early termination fee of 2% will be imposed on your approved loan amount. For more details, please refer to your Conventional Loan Product Disclosure Sheet (PDS).
This depends on the mortgage/-i type you choose.
Our FlexSave Home Loan and FlexLink Home Loan/ Financing allow you to make extra payment. This will help you to save on interest/profit paid and shortened 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 all loans/financing pegged to a reference rate (i.e., BLR/BFR, BR or SBR) your monthly instalment will be revised due to the change of Reference Rates in accordance with the Overnight Policy Rate (OPR) changes.
The Bank will notify you of the changes through various communication channels as determined by the Bank, including
- 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:
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Set-up fee
RM200.00 (one time-off) is charged for a Conventional Home Loan with Redrawal Facility (FlexSave Home Loan) and FlexLink Housing Loan. -
Withdrawal fee
RM50.00 is applied for every withdrawal of excess funds in advance payment for a Conventional Home Loan with Redrawal Facility (FlexSave Home Loan). -
Legal and disbursement fees
This fee 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
Stamp duty as per the Stamp Duty Act 1949 (Revised 1989). -
Valuation fee
A valuation fee is charged for the preparation of a formal valuation report (applicable for completed properties only). -
Maintenance Fee
RM10.00 monthly maintenance fee is required for FlexLink Current Account.
For the latest information on all fees and charges, please visit the Alliance Bank’s website.