Alliance FlexLink Term Financing-i
Easy Access to Surplus Funds and Gain Lower Financing Charges
Enjoy your financing package with flexible tenure and no maintenance fees.
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Description
- Finance your home or property and enjoy the benefit of profit savings.
- Deposits above your monthly instalments are used to offset the outstanding principal amount, resulting in savings on profit payments and shorter financing tenure.
- You can deposit more than your monthly instalments or withdraw any excess amount anytime, and as often as you like. No forms, no minimum amounts, no hassle.
Features
- Long financing tenure based on your affordability.
- No early settlement fees.
- View the outstanding balance online to manage your monthly payments.
- In the profit calculation, the FlexLink Current Account-i (“FLCA-i”) balance is capped at a maximum of 75% of the FlexLink Term Financing-i (“FLTF-i”) principal balance.
Illustration of FLTF-i profit calculation: Financing account with no Advance Payment
| Item | Description | Scenario 1: Current Account-i balance = RM0 | Scenario 2: Current Account-i balance is less than the financing principal outstanding balance | Scenario 3: Current Account-i balance is more than the financing principal balance |
|---|---|---|---|---|
| A | FlexLink Term Financing-i Principal end-of-day Balance | RM1,000,000 | RM1,000,000 | RM1,000,000 |
| B | Financing Outstanding Balance eligible for Profit off-set (capped at 75% of principal outstanding balance) | RM750,000 | RM750,000 | RM750,000 |
| C | FlexLink Current Account-i end-of-day Balance | RM0 | RM300,000 | RM800,000 |
| D | Amount used to off-set profit (D = [ B or C, whichever is lower]) | RM0 | RM300,000 | RM750,000 |
| E | Financing Principal Balance used for profit calculation (E = A – D) | RM1,000,000 | RM700,000 | RM250,000 |
Financing account with Advance Payment:-
- FlexLink Term Financing-i payment is made via the FlexLink Current Account-i. Any payment made to the FlexLink Term Financing-i will be deemed as “Advance Payment”. Withdrawal from the Advance Payment is not allowed.
- Advance Payment is not prepayment and will not reduce the principal outstanding. However, it will affect the FlexLink offset calculation. (as illustrated below)
| Item | Description | Scenario 1: Current Account-i balance = RM0 | Scenario 2: Current Account-i balance is less than the financing principal outstanding balance | Scenario 3: Current Account-i balance is more than the financing principal outstanding balance |
|---|---|---|---|---|
| A | FlexLink Term Financing-i Principal end-of-day Balance | RM1,000,000 | RM1,000,000 | RM1,000,000 |
| B | Advance Payment | RM200,000 | RM200,000 | RM500,000 |
| C | Financing Outstanding Balance eligible for Profit off-set (capped at 75% of principal) (C = [ A – B]*75%) |
RM600,000 | RM600,000 | RM375,000 |
| D | FlexLink Current Account-i end-of-day Balance | RM0 | RM300,000 | RM800,000 |
| E | Amount used to off-set profit (E = [ C or D, whichever is lower]) | RM0 | RM300,000 | RM375,000 |
| F | Financing Principal Balance used for profit calculation (F = A – E) | RM1,000,000 | RM700,000 | RM625,000 |
| Features | Terms |
|---|---|
| Profit Rate | Variable rate pegged to Standardised Base Rate |
| Tenure | Up to 35 years / 70 years of age |
| Age Requirement | 21 years old and above |
| Margin of Financing |
|
*Terms and Conditions apply. The features are subject to changes from time to time as deemed required by the bank.
Effective financing rate for a 30-year term financing of RM350,000
|
Product |
Financing amount |
Financing tenure |
Effective financing rate |
Effective date |
|---|---|---|---|---|
|
FlexLink Term Financing-i |
RM350,000 | 30 years | 4.11% p.a. | 15 Jul 2025 |
This effective financing rate is subject to change from time to time. / Kadar pembiayaan efektif ini adalah tertakluk kepada perubahan dari semasa ke semasa.
More Information
FlexLink Term Financing-i
Product Disclosure Sheet (EN) Product Disclosure Sheet (BM)
Term Financing-i
Product Disclosure Sheet (EN) Product Disclosure Sheet (BM)
FlexLink Home Financing-i
Product Disclosure Sheet (EN) Product Disclosure Sheet (BM)
Product Disclosure Sheet (EN) Product Disclosure Sheet (BM)
Term Financing-i
Product Disclosure Sheet (EN) Product Disclosure Sheet (BM)
FlexLink Home Financing-i
Product Disclosure Sheet (EN) Product Disclosure Sheet (BM)
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