The interest rate depends on your financial profile, like your credit record, repayment habits, and loan duration (Risk- based pricing). It starts from 4.99% to 16.68% per annum (flat rate).
The Effective Interest/Profit Rate (The actual cost) over 5 years is approximately 9.14% to 27.05% per annum.
The Bank may adjust the Interest/Profit Rate quoted with prior notice to you.
Interest rate comparison example
If you take a RM20,000 loan for 5 years at 12.68% per year with CashLoan (Alliance CashFirst Personal Loan), the total interest and charges would differ compared to other loan options like “A Credit” Personal Financing.
| CashLoan – Alliance CashFirst | “A Credit” Personal Financing | |
| Loan Amount | RM20,000 | |
| Tenure | 5 years | 5 years |
| Interest Rate (Flat) |
12.68% per annum |
18% per annum |
| Total Interest Charged | RM12,680 | RM18,000 |
| Processing Fee | No Fee | RM400 (2%) |
| Stamp Duty | RM100 (0.5%) | RM100 (0.5%) |
| You Paid Total Fees and Charges | RM100 | RM500 |
* The calculation is for simulation purposes only. Please refer to final approved loan details during the loan acceptance stage.