1) What do I get from this personal loan/financing product?
Approximately 4.99% per annum to 15.28% per annum (flat rate). (Effective Interest/Profit Rate: Approximately 9.14% per annum to 25.08% per annum based on 5 Years Financing tenure).
The Interest/Profit Rate quoted and/or prescribed by the Bank hereunder is subject to the Bank's right to vary the same at any time and from time to time with prior notice to you.
Financing Amount (RM) × Interest/Profit Rate (%) × Tenure (Years).
Example: Financing Amount: RM20,000, Interest/Profit Rate: 10.68% p.a., Tenure: 5 Years.
Therefore Total Interest/Profit = RM20,000 × 10.68% p.a. × 5 Years = RM10,680.
2) What other charges do I have to pay to apply for this personal loan/financing?
Stamp duty (0.5%) on total approved financing amount, to be deducted from financing amount.
Unless otherwise specified herein, our charges exclude any current taxes and future taxes that may be imposed (including the Sales and Services Tax (“SST”), under the relevant legislation. Upon the effective date of implementation of any such taxes in the future and wherever applicable, we will be entitled to recover such taxes from you.
Click HERE to view the full Product Disclosure Sheet for Personal Financing (Conventional).
Click HERE to view the full Product Disclosure Sheet for Personal Financing (Islamic).
Alliance Bank Malaysia Berhad 198201008390 (88103-W)
Alliance Islamic Bank Berhad 200701018870 (776882-V)