Personal Loan From Alliance Bank Malaysia Berhad
August 23, 2010 by admin
Filed under Bank Loans
Finding loans for buying a new vehicle or home can sometimes stress you out. That is why you need a good bank for such financing needs. If you are looking for loans in Malaysia, you might be interested in Alliance Bank Malaysia Berhad. The following is some info on loans offered at this bank.
Personal Financing
To get personal loans, you should be between 21 years to 55 years old and be either a Malaysian citizen or a permanent resident; you are also eligible if you are a Malaysian citizen working at Singapore and located in Malaysia. And you should be earning minimum RM 2,000 as monthly income. The advantage of getting this loan is that it comes with fixed per annum profit rate of 11.99% with fast approval time of less than 5 bank working days. Also, you don’t need any guarantor or collateral for amounts between RM 5,000 to RM 150,000.
Home Loans
Alliance Bank Malaysia Berhad offers two types of home loans for its customers: Finance entry cost loans and Interest payment option. The Benefit of the Finance entry cost loan is that it comes with lower rates of interest when compared to the ZEC (Zero Entry Cost) type. However, you don’t have to pay any advance to get the loan. Also, the lock in time is shorter for completed properties. Considering the interest payment option, the key benefits are: lesser early payment of interest, uncomplicated Certificate of Fitness obligation at lesser HL rates for those taking the home upgrade option, and the adaptability of OD at the rate of HL.
Hire Purchase loans
The advantage with this type of loans is that you get fast financing, along with easy repayment options. Other benefits include: financing margin of up to 90%, practical rates of interest and easy road tax/auto insurance renewal services.
Those are some of the options you have for getting loans at Alliance Bank Malaysia Berhad. Just choose the right loan for your needs and make sure you follow the terms and conditions of the bank, apart from making the repayment on time. You will have no problems at all.