Alliance One Account

Refinance To Get Extra Cash And Interest Savings.

A mortgage refinancing that turns the value of your properties into extra cash to meet your needs.


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Alliance One Account

BENEFITS OF REFINANCING

1

  • If your existing loan interest rate is higher than what is currently offered in the market, you can refinance to obtain a lower interest rate, reduce monthly payments and save on the total interest paid.
  • The illustration below shows the difference in monthly instalments with a reduction of interest rate by 1.50% p.a.*
 
Existing Loan
Refinance With AOA
Effective Landing Rate
5.50% p.a.
4.00% p.a.
Monthly Installment
RM2,839
RM2,388
Savings Per Month
 
RM451
*Calculation is based or the assumption of a RM500,000 loan amount with a loan tenure of 30 years.
Disclaimer: While Alliance Bank has taken due core in providing the simulation for your understanding, the information here is intended to serve as a guide only.
2

  • Take advantage of your property's value appreciation and cash-out to meet your investment, business or personal needs.
  • Here's an illusion to show how it works:
#
MORTGAGE - BANK A (2010)
Property Price
RM450,000
Loan Amount
RM405,000
#
REFINANCE WITH ALLIANCE ONE ACCOUNT (CURRENT YEAR)
Current Property Market Value
RM600,000
Outstanding Balance
RM320,000
#
UP TO 90% MARGIN OF FINANCING (MOF)
Total Loan Amount:
RM600,000 x 90% MOF
RM540,000
Cash Out Amount:
RM540,000 - RM320,000
RM220,000
How can you benefit more?
Opt to have Overdraft as standby credit limit to meet your needs, be it for ongoing bills, extra expenses or emergencies. Interest will only be charged when you use the Overdraft facility.
Disclaimer: While Alliance Bank has taken due care in providing the simulation for your understanding, the information here is intended to serve as a guide only..
3

  • Pay off your higher interest rate financing for greate savings and consolidate your loans into one account for greater convenience
CURRENT FINANCIAL SITUATION
Mortgage - Bank A (Year 2010)
Property Price
Loan Amount
Interest Rate
Tenure
Monthly Instalment
Current Outstanding Balance
RM450,000
RM405,000
5.50%
25 Years
RM2,487
RM320,000
Personal Loan (Year 2016)
Loan Amount
Interest Rate (Flat/Effective)
Tenure
Monthly Instalment
Current Outstanding Balance
RM60,000
10.88%/18.62%
5 Years
RM1,550
RM50,000
Credit Card (This Year)
Current Outstanding Balance
Interest Rate
Monthly Instalment 5%
on Oustanding Balances
RM50,000
18%

RM2,500
Total Monthly Instalment: RM6,536
WITH ALLIANCE ONE ACCOUNT
Alliance ONE Account
Current Property Market Value
RM800,00
Facility 1 - Home Loan
Refinanced Amount from Bank A
Margin of Financing (MOF)
Interest Rate
Tenure
Monthly Instalment
RM320,000
40%
4.15%
25 Years
RM1,716
Facility 2 - Home Loan
Outstanding Balances Consolidated
Margin of Financing (MOF)
Interest Rate
Tenure
Monthly Instalment
RM100,000
12.5%
5.90%
25 Years
RM639
Total Monthly Instalment: RM2,355
With Alliance ONE Account, you could potentially lower your monthly instalment by RM4,181 (64%)

Disclaimer: The above information is solely for illustration purposes and is meant to aid the understanding of Alliance ONE Account. All applications will be subject to review and approval by Alliance Bank

Alliance ONE Account Features

1
High margin of financing up to 95% with legal fees and insurance financing.
2
Loan tenure up to 35 years or age 70.
3
Term loan and overdraft options available to fit your needs.
4
Interest calculated daily.
5
Convenient & Hassle-free loan consolidation service.

Please refer to the product: Disclosure Sheet or associated risks, fees and charges.

With Alliance ONE Account, you are able to:
  1. Maximize your property's positive value by refinance your property with us to extra cash and enjoy Interest saving.
  2. Pay off your existing high interest rate debt and consolidate into ONE loan for greater saving and convenience.
How does it work?

Result from the calculations are provided as aguide and do not constitute an offer.

FAQs about Loan Consolidation with Alliance ONE Account

The basic documents required for loan consolidation with Alliance ONE Account application are:
Salaried Self-Employed
Identification Documents:
  • Copy of Malaysian Identification Card (MyKad)
  • Copy of Passport and Work Permit/PR ID for non-Malaysian citizen
Income Documents:
  1. Latest 3 months of salary slip
  2. Latest EPF statement (13 months record)
  3. Latest Borang B/BE
  4. Latest 3 months of bank statement to proof income crediting
Supporting Documents:
  1. Copy of Sales and Purchase Agreement or Booking Receipt
 Identification Documents:
  • Copy of Malaysian Identification Card (MyKad)
  • Copy of Passport and Work Permit/PR ID for non-Malaysian citizen
Income Documents:
  1. Business Registration or SSM
  2. Latest 6 months company bank statements
  3. Latest 2 years Borang B
  4. Tax Receipt or e-Ledger
Supporting Documents:
  1. Copy of Sales and Purchase Agreement or Booking Receipt
Please note that these are just the basic documents required. The bank may require additional documents depending on your individual circumstances.
There is no penalty for early repayment. However, there is a lock-in period of 3 years from the date of first disbursement. If the loan is settle within 3 years, early settlement fee will be imposed. For more info, please refer to our Product Disclosure Sheet
Yes, you may consolidate your borrowings with other banks that are reflected in your CCRIS into Alliance ONE Account
Click on ”Apply Now“ and you may drop down your personal details and contact information to us.

Our Sales Representative will contact you soon.
Your account will be charged with a late payment charge of 1% p.a. on the amount in arrears which will increase your total outstanding balance. For more info, please refer to your Letter Offer or Product Disclosure Sheet
Besides settling your existing housing loan, other loan types such as car loan, personal loan, credit cards outstanding balance and Overdraft outstanding balance can be consolidated under Alliance One Account.

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