Alliance Cashline Facility-i
Smart Access to Funds, Always Within Your Values and Peace of Mind
Credit line made available in your Current Account-i
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Description
- A credit line made available in your Current Account-i with fully secured against your property.
- Facility is revolving and subject to annual review.
- Profit only be charged based on utilized amount with no commitment fee.
Features
- Margin of financing is up to 70%.
- Effective Profit Rate (“Prescribed Rate”) is pegged to the Standardised Base Rate (“SBR”).
- Facility tenure of 5 years and renewable subject to satisfactory review by the Bank on periodic basis.
- Ceiling Profit Rate is capped at 10.50% p.a.
- The Effective Profit Rate shall not exceed the Ceiling Profit Rate during the facility tenure at all times. The Bank will provide a rebate for the difference between the Ceiling Profit Rate and the Effective Profit Rate.
Example :
| Item | Description |
|---|---|
| Cashline limit / Financing amount | RM300,000 |
| Tenure | 5 years |
| Maximum Tenure | 20 years (subject to annual review) |
| Standardised Base Rate (SBR) | 2.75% p.a. |
| Effective Profit Rate (EPR) | SBR + 3.88% = 6.63% |
| Ceiling Profit Rate (CPR) | 10.50% p.a. (subject to change upon renewal) |
| Limit Reduction Period | 15 years before maturity or maximum tenure, whichever is lower and on quarterly basis. |
| Selling Price (for first 5 years) | RM457,500 ( [Financing amount x Ceiling Profit Rate x Tenure] + Financing Amount ) |
More Information
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