Alliance Bank Malaysia was established in 1958, with its first branch located in the Selangor Kwangtung Association Building on Jalan Pudu in Kuala Lumpur. Alliance Bank Malaysia and its subsidiaries provide banking and financial services through consumer banking, SME banking, corporate and commercial banking, Islamic banking, investment banking, and stockbroking.
Alliance keeps committed to providing the best customer experience while creating long-term shareholder value.
A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement.
Alliance provides 2 types of personal loans:
The eligibility for individuals to apply for Alliance personal loans are as follows:
There are numerous other reasons you should choose Alliance personal loans.
Alliance personal loans can provide you with the following benefits:
When applying for Alliance personal loans, the following documents are required:
Certain fees apply, including:
For more information or assistance with Alliance personal loans,
Per Annum (p.a.)
The interest rate over one year with the assumption that interest is compounded annually.
Tenure
The period you must repay your loan.
Principal
Principal is commonly known as the loan amount you requested from the bank.
Interest rate
Principal is commonly known as the loan amount you requested from the bank.
Instalment
Instalment is the fixed amount you must repay your personal loan every month until the term expires.
Penalty
A fee that a bank will levy on your overdue amount if you are late with your repayment.
Default
The term used to describe a situation in which a personal loan is not paid off for more than three months.
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