What Is A.odt

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
9% RM 50,001 to RM100,000
Minimum Income
RM 2,500
Tenure
6 years
Guarantor Requirement

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What is a ' Loan '

Total peace-of-mind experience providing you.

Hassle free financing with fast processing &

Based on the principle of Murabahah (cost plus profit)

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

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

Convenient motor insurance & road tax renewal

Competitive financing rates and margin of financing

Lower monthly instalment with the longer payment period

Individual aged 18 and above. If an individual is

Proprietorship and partnership registered in

Higher financing eligibility of up to 70% of your gross

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

MRTT coverage, which settles your outstanding

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

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

Minimal documentation compared to other home

Convenient payment options of your instalment via

Who Can Apply

All individuals, joint applicants, residents, and

Documentation needed to apply for an Alliance Bank

Documentation needed to apply for an Maybank Islamic Home

1. NRIC / Identity Card.

1. For Residents NRIC/Identity Card.

2. Copy of Sales and Purchase or Booking Receipt or

4. Property Valuation Report (for completed properties).

6. Documentation for salaried applicants:

Latest 3 consecutive months salary

6. Latest EPF statements (with 3 consecutive months or

7. Latest 6 months Bank Statement.

latest 6 consecutive months of commission

7. Documentation for self-employed applicants:

Latest certified/audited financial statements

latest statement of commission Issued by

Alliance Bank Home Loan Interest Rates

Updated on 02 Sep 2016

Updated on 02 Sep 2016

Up to 100% with MRTT

Documentation needed to apply for an Alliance Bank

Documentation needed to apply for MayBank Islamic Personal

1.Photocopy of Identity Card

2. Disbursement Account particulars

an original latest payslip

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

3.Employer confirmation letter stating designation, duration of