Alliance Bank CashFirst Personal Loan
Borrow up to RM200,000 with the Alliance Bank CashFirst Personal Loan
Calculate your monthly repayment
Fees and Charges
Eligibility
- Anyone
- NRIC copy (front and back)
- Latest salary slips (3 months)
- Latest bank statement (3 months) showing salary crediting
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest 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
Interest 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's great about Alliance Bank CashFirst Personal Loan?
Alliance Bank CashFirst Personal Loan offers fast approval and a fully online application process for personal financing needs.
This personal loan comes with low and fixed (flat) interest rates from 4.99% per annum up to 16.68% per annum, with a loan amount of up to RM200,000.
Alliance Bank CashFirst Personal Loan offers fast approval and disbursement, subject to the Bank's approval criteria. No guarantor or collateral is required to apply for Alliance Bank CashFirst Personal Loan.
What can Alliance Bank CashFirst Personal Loan be used for?
Alliance Bank CashFirst Personal Loan 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 from Alliance Bank CashFirst Personal Loan?
Applicants can borrow from as low as RM5,000 up to a maximum Alliance Bank CashFirst Personal Loan amount of RM200,000, with fixed (flat) interest rates and flexible repayment terms.
The maximum borrowing amount and loan tenure for Alliance Bank CashFirst Personal Loan are subject to Alliance Bank's due diligence and approval.
How fast is Alliance Bank CashFirst Personal Loan disbursement?
Alliance Bank takes between two to three working days to process an Alliance Bank CashFirst Personal Loan 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:
- Mid Valley
- 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 Ann
- Puchong Jaya
Disbursement into another bank account is subject to IBG transfer time and charges.
What fees apply to Alliance Bank CashFirst Personal Loan?
There is no processing fee and no early exit fee for Alliance Bank CashFirst Personal Loan. 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 can apply for Alliance Bank CashFirst Personal Loan?
Malaysians working and residing in Malaysia, aged between 21 to 60 years, can apply for Alliance Bank CashFirst Personal Loan.
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 of 60.
Supporting documents required for Alliance Bank CashFirst Personal Loan:
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
Can a blacklisted applicant apply for Alliance Bank CashFirst Personal Loan?
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 Alliance Bank CashFirst Personal Loan approval.
Alliance Bank is more likely to approve an Alliance Bank CashFirst Personal Loan application from applicants who show responsible management of personal finances rather than accumulating additional debt.
How to apply for Alliance Bank CashFirst Personal Loan?
To apply for Alliance Bank CashFirst Personal Loan online, the following steps apply:
- 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 loan 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 Alliance Bank CashFirst Personal Loan application