1. WHAT DO I GET FROM THIS PRODUCT?
| Financing Amount |
Minimum RM5,000. Maximum RM200,000. |
| Tenure |
From 1 Year (12 months) to 7 Years (84 months) |
| Interest/Profit Rate |
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.
For the updated Interest/Profit rate, please visit www.alliancebank.com.my from time to time.
|
| Total Interest/Profit |
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?
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 Loan (Conventional).
Click HERE to view the full Product Disclosure Sheet for Personal Financing (Islamic).