The personal loan/financing’s interest/profit rate on Alliance Bank Malaysia’s Digital Personal Loan/Financing starts from as low as 4.99%* flat per annum. Depending on the number of years of loan/financing tenure that you are applying for (up to 7 years), the interest/profit rate will vary according to the years of loan/financing tenure.
Below is an example of the calculation for the interest/profit rate and total interest/profit:
Interest/Profit RateApproximately 4.99%* per annum to 16.68% per annum (flat rate).
Effective Interest/Profit Rate: Approximately 9.14% per annum to 27.05% per annum based on 5 Years Financing tenure).
The Interest/Profit Rate quoted and/or prescribed by the Bank hereunder is subject to the Bank's right to vary the same at any time and from time to time with prior notice to you.
Total Interest/ProfitFinancing Amount (RM) × Interest/Profit Rate (%) × Tenure (Years).
Example: Financing Amount: RM100,000, Interest/Profit Rate: 12.68% p.a., Tenure: 5 Years.
Therefore Total Interest/Profit = RM100,000 × 12.68% p.a. × 5 Years = RM63,400.00
