What is a ' Loan '

A loan is the act of giving money, property or other material goods to another party in exchange for future repayment of the principal amount
along with interest or other finance charges. A loan may be for a specific, one-time amount or can be available as an open-ended line of
credit up to a specified limit or ceiling amount.

ALLIANCE BANK
HIRE PURCHASE

MAYBANK ISLAMIC
Features & Benefits

Benefits:

Total peace-of-mind experience providing you.

Hassle free financing with fast processing &

Based on the principle of Murabahah (cost plus profit)

The Bank provides home financing to customer via
trading of identified Shariah-compliant commodities

approval
such as Crude Palm Oil and RBD Palm Olein.

Easy loan repayment via Alliance Bank eLobby self-

Choice of affordable fixed, tiered or variable profit rate

service terminals (ATM / CDM / CES) or at any

Alliance Bank Branch available nationwide

No compounding of profit and other charges

Attractive terms up to 90% margin of financing

No early settlement charge / lock-in period penalty

Competitive interest rates

Protection of ceiling rate upon the fluctuation of Islamic

Base Rate (IBR) throughout tenure

Convenient motor insurance & road tax renewal

Competitive financing rates and margin of financing

services.
Who can apply:

Lower monthly instalment with the longer payment period

of up to 35 years or until the age of 70, whichever

Individual

Individual aged 18 and above. If an individual is

below 21 or above 55 years old, an acceptable
Malaysian Guarantor is required.

Proprietorship and partnership registered in

Malaysia.

comes first

Higher financing eligibility of up to 70% of your gross

income*

Higher financing margin of up to 100% of the value of the

house (including capitalisation of related expenses
such as MRTT contribution)

MRTT coverage, which settles your outstanding

Corporate

mortgage and transfers the title deed to your family

in the event of death or total and permanent disability

Place of Incorporation must be in Malaysia.

20% reduction on stamp duty for new financing & waiver

Legal business with regular and sufficient income to

of conversion from Conventional facility

meet current liabilities.

Hassle free for the third party financing

Business of > 2 years in operation, or if less than 2

Granting of rebate for early settlement

years in business, principal owner must have

at least 2 years experiences in related

Minimal documentation compared to other home

field/business.

financing plans

Convenient payment options of your instalment via

Maybank and Maybank Islamic branches, ATMs,
Kawanku Phone Banking, and online via
Maybank2u.com

Who Can Apply

All individuals, joint applicants, residents, and

non-residents

HOUSING

Documentation needed to apply for an Alliance Bank

Documentation needed to apply for an Maybank Islamic Home

Home Loan

Loan

1. NRIC / Identity Card.

1. For Residents NRIC/Identity Card.

2. For Non-residents Latest valid passport & visa/working

2. Copy of Sales and Purchase or Booking Receipt or

permit/employment pass.
Letter of Offer from Developer.
3. Copy of Sales & Purchase/Booking Receipt or Letter of Offer
3. Copy of Individual Title Deed.

from Developer.
4. Copy of Individual Title Deed.

4. Property Valuation Report (for completed properties).

5.Copy of Individual Title Deed
5. Latest 3 consecutive months of salary slips / vouchers.

6. Documentation for salaried applicants:

Latest 3 consecutive months salary

6. Latest EPF statements (with 3 consecutive months or

slips/vouchers
more transaction history).

7. Latest 6 months Bank Statement.

latest 6 consecutive months of commission

statement

7. Documentation for self-employed applicants:

Latest certified/audited financial statements

latest statement of commission Issued by

company

Alliance Bank Home Loan Interest Rates

Updated on 02 Sep 2016

Maybank Islamic Bank Home Loan Interest Rates
Alliance Bank Home Loan Details

Updated on 02 Sep 2016

Maybank Islamic Bank Home Loan Details

Margin of finance

Up to 90% + 5% MRTA

tenor

35 years

Guarantor requirement

No Guarantee Required

Margin of finance

Up to 100% with MRTT

tenor

35 years

Guarantor requirement

Guarantee required

PERSONAL

Documentation needed to apply for an Alliance Bank

Documentation needed to apply for MayBank Islamic Personal

Personal Loan

Loan

1. Copy of MyKad

1.Photocopy of Identity Card

2. Disbursement Account particulars

2. Copies of 3 months latest payslips certified by employer and
3. Documentation for salaried applicants:(Anyone)

an original latest payslip

Latest 1 month payslip (fixed)/3 months payslip (variable)

3.Employer confirmation letter stating designation, duration of

employment and salary

Latest EA Form
4. For professionals; copies of registration documents with
Latest 6 months EPF statement
relevant bodies and Certificate of Practice.
4. Documentation for self Employed applicants:(Anyone)

Latest 6 months pay slip

Latest 6 months company's principal bank

statement reflecting business turnover

Maybank Islamic Bank Personal Loan Interest Rates

Maybank Islamic Bank

Latest 6 months EPF statement

Alliance Bank Personal Loan Interest Rates

Personal Loan Details

Interest Rate updated as per
the Eligible Loan Amount

11 % RM 5,000 to RM20,000

Alliance Bank Personal

10 % RM 20,001 to

Loan Details
Interest Rate

RM50,000

8.88%

Minimum Income

RM 3,000

Tenure

7 years

Guarantor Requirement

No Guarantee Required

9% RM 50,001 to RM100,000

Minimum Income

RM 2,500

Tenure

6 years

Guarantor Requirement

No Guarantee Required