AmBank AmMoneyLine
A conventional personal loan with flexible tenures up to 7 years, a 5% yearly rebate for prompt payments, and no collateral required.
Calculate your monthly repayment
Fees and Charges
Eligibility
- Salaried employee & self-employed
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest 3 months bank statement (with salary being credited)
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- A copy of your IC (both sides)
- Business Registration Certificate (SSM) / Forms 9, 24 and 49 / M&A
- Latest B/BE Form with official tax receipt
- Latest 6 months bank statement
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 2,000 - RM 150,000 | 12 - 84 months | min. RM 36,000 | 8.00% p.a. - 11.99% p.a. |
Features
No collateral or guarantor required
5% yearly interest rebate for prompt paymasters
Approval duration up to 2 working days
Monthly repayment as low as RM594
Interest Rate as low as 8.99% p.a - 11.99% p.a
Terms and Conditions
Product Review by CompareHero
What AmBank AmMoneyLine personal loan offers
AmBank AmMoneyLine gives borrowers access to unsecured cash for lifestyle spending or unplanned expenses, without a processing fee and without a penalty for settling early. On-time monthly payments kept up consistently over a year earn a 5% rebate, which can add up to 25% in savings across a 5-year loan.
Loan sizes start from RM2,000. New-to-bank customers can borrow up to RM100,000, and existing AmBank customers can go up to RM150,000, with the final amount decided by a credit check and the bank's approval. Tenure runs from one to seven years, though the AmOnline channel limits applications to five years. A one-time Stamp Duty of 0.50% of the loan amount is added on top of what's borrowed.
Interest rates depend on employment type
AmMoneyLine charges a flat interest rate that shifts based on how the borrower earns their income. Salaried employees fall between 8.00% and 9.99% per annum. Self-employed applicants and commission earners pay a flat 11.99% per annum, for loan amounts anywhere from RM2,000 to RM150,000. Once set, the monthly instalment doesn't change for the rest of the tenure.
Optional insurance protection
AmBank offers Reducing Term Assurance (RTA) to cover the outstanding loan balance, but taking it up isn't mandatory.
Repaying the loan
The first instalment is due the month after the loan is paid out, and payments continue monthly until the balance is cleared. AmBank accepts cheque or cash, with no standing instruction or salary deduction required.
Missing a payment triggers a 1% late fee that compounds if left unresolved. Borrowers who want to pay off the loan ahead of schedule need to submit written notice one month before the final payment.
Required documents by employment type
This loan doesn't need a guarantor or collateral, but each applicant has to submit documents matching their employment type alongside the application form.
Salaried employees need:
- Copy of IC (front and back)
- Latest 3 months' salary slips, OR
- Latest 3 months' EPF statement, OR
- Latest BE Form with tax payment receipt
Self-employed applicants need:
- Copy of IC (front and back)
- Business Registration Certificate, at least two years old
- Latest 6 months' personal or company bank statements
- Latest BE and B Forms from LHDN
- E-Filing acknowledgement receipt
Commission earners need:
- Copy of IC (front and back)
- Latest 6 months' commission statements
- Latest 3 months' EPF statements
- Latest 6 months' bank statements showing commission (and salary, if any)
- Latest BE Form with tax payment receipt
A poor credit record doesn't rule out approval
Every outstanding debt, whether a credit card, personal loan, home loan, or car loan, gets recorded in CCRIS/CTOS. This system tracks credit history rather than blacklisting anyone, so past irregular payments don't automatically disqualify an applicant.
The path to approval is straightforward: build a track record of on-time payments. AmBank weighs current financial discipline more heavily than past debt when deciding on an application.