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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Please refer to the Product Disclosure Sheet on associated risks, fees and charges.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.
How Higher Deposits Affect Your Interest Calculation
The FlexLink Home Loan is linked to your non-interest bearing FlexLink Current Account. The balance
in your Current Account (after deducting the loan instalment) is used to offset the loan outstanding balance
for interest calculation. Make higher deposits to maximise the interest offset amount.
Let’s say you have RM200,000 extra cash and RM300,000 in your FlexLink Current Account.
Here’s how putting the extra cash into your FlexLink Current Account can help you reduce your
home loan interest.
NOTE: Do not put your extra cash into your FlexLink Loan Account as it will result in less interest savings. See the table below to understand the difference.
How Higher Deposits Affect Your Interest Calculation
The FlexLink Home Loan is linked to your non-interest bearing FlexLink Current Account. The balance in your Current Account (after deducting the loan instalment) is used to offset the loan outstanding balance for interest calculation. Make higher deposits to maximise the interest offset amount.
Let’s say you have RM200,000 extra cash and RM300,000 in your FlexLink Current Account. Here’s how putting the extra cash into your FlexLink Current Account can help you reduce your home loan interest.
NOTE: Do not put your extra cash into your FlexLink Loan Account as it will result in less interest savings. See the table below to understand the difference.
| Scenario 1: Put the extra cash into your FlexLink Loan Account |
Scenario 2: Put the extra cash into your FlexLink Current Account |
|
|---|---|---|
 Your FlexLink Loan Account balance |
RM1,000,000 | RM1,000,000 |
 Advance payment deposited into your FlexLink Loan Account |
RM200,000 | NIL |
 Your FlexLink Loan Account balance |
RM300,000 | RM300,000 + RM200,000 (extra cash) = RM500,000 |
 Loan Account balance |
RM800,000 x 75% =RM600,000 |
RM1,000,000 x 75% =RM750,000 |
 Amount used to offset interest (C) or (D), whichever is lower |
RM300,000 | RM500,000 |
 Loan balance used for interest calculation (A – E) |
RM700,000 | RM500,000 |
Note:
Advance payment: Any payment made directly to your FlexLink Home Loan Account that is more than the monthly instalments. Withdrawal from the advance payment is allowed with a withdrawal fee.
Current Account balance: The end-day balance in your FlexLink Home Loan Current Account. Withdrawal from the Current Account is allowed at any time without any redrawal fee.
Outstanding loan balance: Your end-day remaining FlexLink Home Loan Account amount.
Interest offset: The offset amount reduces the daily loan balance used for interest calculation. The offset interest calculation is capped at 75% of the FlexLink Housing Loan outstanding balance after deducting the advance payment in the FlexLink Home Loan Account.
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
