Alliance FlexLink Home Loan
When You Have A Truly Flexible Home Loan, You Gain Peace Of Mind.
A flexible home loan linked to a current account, it lets you pay more to save on interest and withdraw any excess as and when you want.
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Details
Please refer to the Product Disclosure Sheet on associated risks, fees and charges.
Features
| Alliance FlexLink Home Loan | |
|---|---|
| Redrawal Option | Yes |
| Min redrawal amount | No minimum amount |
| Redrawal Fee | No |
| Interest Saving Features | Yes* |
* For any excess fund deposited in Alliance FlexLink Current Account, is subject to Offset Capping (up to 75% of outstanding loan amount after deducting the Advance Payment in the loan account). Please refer to below for the illustration of the interest offset calculation.
| Item | Description | Scenario 1: Current Account balance = 0 | Scenario 2: Current Account balance is less than loan eligible outstanding balance | Scenario 3: Current Account balance more than loan eligible outstanding balance |
|---|---|---|---|---|
| A | FlexLink Loan Account Outstanding end-day Balance | 1,000,000 | 1,000,000 | 1,000,000 |
| B | Loan Outstanding balance eligible for Interest off-set (capped at 75% of loan outstanding balance) |
750,000 | 750,000 | 750,000 |
| C | FlexLink Current Account end-day Balance | - | 300,000 | 800,000 |
| D | Amount used to offset interest (D = B or C, whichever is lower) |
- | 300,000 | 750,000 |
| E | Loan Balance used for interest calculation (E = A – D) |
1,000,000 | 700,000 | 250,000 |
- FlexLink Loan Repayment is made via the FlexLink Current Account. Any payment made to the FlexLink Loan Account will deemed as “Advance Payment”. Withdrawal from the Advance Payment is allowed and subject to withdrawal fee.
- Advance Payment is not a prepayment and will not reduce the principal outstanding. However, it will affect the FlexLink offset calculation. (as illustrate below)
| Item | Description | Scenario 1: Current Account balance = 0 | Scenario 2: Current Account balance is less than loan eligible outstanding balance | Scenario 3: Current Account balance more than loan eligible outstanding balance |
|---|---|---|---|---|
| A | FlexLink Loan Account Outstanding end-day Balance | 1,000,000 | 1,000,000 | 1,000,000 |
| B | Advance Payment | 200,000 | 200,000 | 500,000 |
| C | Loan Outstanding balance eligible for Interest off-set after deducting the Advance Payment (capped at 75% of loan outstanding balance; C = (A – B) x 75%) |
600,000 | 600,000 | 375,000 |
| D | FlexLink Current Account end-day Balance | - | 300,000 | 800,000 |
| E | Amount used to offset interest (E = C or D, whichever is lower) |
- | 300,000 | 375,000 |
| F | Loan Balance used for interest calculation (F = A – E) |
1,000,000 | 700,000 | 625,000 |
Start paying less interest on your home loan now
Call us at 03-5516 9988 for more information.
A PIDM member. Excess payment available in current account for withdrawal is protected by PIDM up to RM250,000 per depositor. View PIDM brochure in your preferred language HERE. Please read and understand the Product Disclosure Sheet (“PDS”) before you decide to sign up for the Alliance “FlexLink” Home Loan.
Terms and Conditions apply.
Mortgage Monthly Instalment Calculator
Financing Amount (RM)
Financing Tenure (Years)
Effective Profit Rate (%)
Monthly Installment
RM
2,657
Results from the calculation are provided as a guide and do not constitute an offer
