Alliance Bank CashVantage Personal Financing-i
Shariah-compliant financing with Alliance Bank CashVantage Personal Financing-i
Calculate your monthly repayment
Fees and Charges
Eligibility
- Salaried Employees and Self-Employed & applicants with bad payment/CTOS Record are not eligible to apply
- NRIC copy (front and back)
- Latest salary slips (3 months)
- Latest bank statement (3 months) showing salary crediting
- NRIC copy (front and back)
- Your Business Registration Certificate/SSM copy
- Latest Form B (income tax) with the official tax receipt
- Latest company bank statement (3 months)
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Profit Rate |
|---|---|---|---|
| RM 5,000 - RM 200,000 | 12 months | min. RM 36,000 | 4.99% p.a. |
| RM 5,000 - RM 200,000 | 24 months | min. RM 36,000 | 5.99% p.a. |
| RM 5,000 - RM 200,000 | 36 - 48 months | min. RM 36,000 | 10.99% p.a. |
| RM 5,000 - RM 200,000 | 60 - 84 months | min. RM 36,000 | 11.18% p.a. |
| RM 5,000 - RM 200,000 | 60 - 84 months | min. RM 36,000 | 17.68% p.a. |
Features
Profit rates as low as 4.99% flat p.a.
Financing amount of up to RM200,000
Financing up to 20X monthly gross salary
No guarantor or collateral required
4.99% flat per annum: 1 year of financing period
5.99% flat per annum: 2 years of financing period
10.99% flat per annum: 3 to 4 years of financing period
11.18% to 17.68% flat per annum: 5 to 7 years of financing period
Product Review by CompareHero
What is Alliance Bank CashVantage Personal Financing-i?
Alliance Bank CashVantage Personal Financing-i is a Shariah-compliant personal financing facility offering a fully online application, with no guarantor or collateral required.
What are the key features of Alliance Bank CashVantage Personal Financing-i?
- Profit rate as low as 4.99% p.a.
- Financing amount of up to RM200,000
- Fully online application process
- Fast approval and disbursement
- No guarantor or collateral required
Alliance Bank CashVantage Personal Financing-i can be used to fulfil personal needs such as home improvement, purchasing a new vehicle, wedding expenses, or starting a new business, subject to the bank's assessment of reasonableness.
How much can be borrowed and what is the profit rate for Alliance Bank CashVantage Personal Financing-i?
Applicants can borrow from RM5,000 up to a maximum of RM200,000 under Alliance Bank CashVantage Personal Financing-i.
Flat profit rates range from as low as 4.99% per annum up to 16.68% per annum, depending on the loan tenure. The maximum borrowing amount and loan tenure are subject to Alliance Islamic Bank's due diligence and approval.
What fees and charges apply to Alliance Bank CashVantage Personal Financing-i?
There is no processing fee and no early exit fee for Alliance Bank CashVantage Personal Financing-i. Early settlement requires 3 months' written notice to the bank.
The only fee applicable is Stamp Duty of 0.50%, deducted from the total borrowed amount.
Who is eligible to apply for Alliance Bank CashVantage Personal Financing-i?
Malaysians working and residing in Malaysia, aged between 21 to 60 years, can apply for Alliance Bank CashVantage Personal Financing-i.
For example, an applicant aged 58 at the time of application can only borrow for a maximum tenure of 2 years, as the loan tenure ends upon reaching the maximum age.
What documents are required to apply for Alliance Bank CashVantage Personal Financing-i?
Salaried Employee and Government Servant:
- Copy of IC (both sides)
- Latest 3 months' payslips
- Latest 3 months' bank statement reflecting salary crediting
Commission Earner:
- Copy of IC (both sides)
- Latest 6 months' payslips
- Latest 6 months' bank statement reflecting commission
Self-Employed:
- Copy of IC (both sides)
- Copy of Business Registration Certificate/SSM
- Latest income tax (Form B) with official tax receipt
- Latest 3 months' company bank statement
How long does it take to process and disburse Alliance Bank CashVantage Personal Financing-i?
Alliance Bank takes between two to three working days to process an application once completed documents have been submitted to the branch.
Depending on the branch selected, applications may be approved and disbursed within 24 hours, subject to Alliance Bank's approval criteria. Under the Same Day Cash feature, applicants bring their application form and supporting documents to perform a biometric scan and print their EPF statement at the following designated branches:
- Midvalley
- Bandar Puteri Puchong
- Subang Jaya (SS15)
- Jalan Ipoh
- Taman Connaught
- Permas Jaya
- Batu Pahat
- Holiday Plaza
- Air Itam
- Butterworth
- Sinsuran
- Jalan Gaya
- Laksamana
- Taman Eng An
- Puchong Jaya
Disbursement into another bank account is subject to IBG transfer time and charges.
Does having a poor credit history or being "blacklisted" affect eligibility for Alliance Bank CashVantage Personal Financing-i?
There is no official "blacklist" in Malaysia. Credit information, including outstanding credit card, personal loan, home loan, or car loan debts, is captured in CCRIS and CTOS, which are credit reporting systems rather than blacklisting systems.
Applicants with poor credit standing due to irregular payments are advised to make consistent, on-time payments going forward, as this improves the likelihood of future approval. Alliance Bank is more likely to approve an application from applicants who show responsible management of personal finances rather than accumulating additional debt.
What are the steps to apply for Alliance Bank CashVantage Personal Financing-i?
- Click on the Apply Now button
- Get redirected to the WhatsApp chatbot
- At the end of the chatbot flow, receive a link to Alliance Bank's website to complete the application
- Fill in the required details and upload supporting documents on the website for processing
- Alliance Bank contacts the applicant within 3 working days to proceed with the application