Updated: 10 June 2026
Alliance Bank offers two personal loan products starting from 4.99% p.a. — one of the lowest flat rates among major Malaysian banks in 2026. Both the conventional CashFirst and Islamic CashVantage-i share the same rate and limit, so the choice comes down to your preference for Shariah-compliant financing.
| Feature | Details |
|---|---|
| Interest / Profit Rate | From 4.99% p.a. (flat) |
| Max Loan Amount | RM200,000 |
| Repayment Tenure | 1 – 7 years |
| Minimum Salary | RM3,000/month |
| Approval Speed | As fast as 24 hours |
| Shariah Option | Yes (CashVantage-i) |
Apply Now — Fast Approval
Apply online and a bank representative will contact you within 1 business day. No documents needed at this stage.
CashFirst vs CashVantage-i — Which Should You Choose?
Both products are nearly identical in rate and structure. The difference is the financing framework.
| Feature | CashFirst (Conventional) | CashVantage-i (Islamic) |
|---|---|---|
| Type | Conventional loan | Shariah-compliant financing |
| Rate | From 4.99% p.a. | From 4.99% p.a. (profit rate) |
| Max amount | RM200,000 | RM200,000 |
| Tenure | 1–7 years | 1–7 years |
| Concept | Interest-bearing | Tawarruq (commodity murabahah) |
| Early settlement | Early settlement fee may apply | Ibra (rebate) given — more flexible |
| Best for | Non-Muslims, or those who prefer conventional | Muslims, or those wanting Shariah compliance |
What Is Tawarruq?
CashVantage-i uses the Tawarruq concept — Alliance Bank purchases a commodity and sells it to you at an agreed profit rate. No interest (riba) is charged. Bank Negara Malaysia recognises this as Shariah-compliant.
Alliance Bank Personal Loan Interest Rate 2026
Alliance Bank uses a flat rate structure, meaning interest is calculated on your original loan amount throughout the tenure — not on the reducing balance.
Example: RM60,000 loan over 5 years at 4.99% p.a.
| Item | Amount |
|---|---|
| Loan amount | RM60,000 |
| Flat rate | 4.99% p.a. |
| Monthly instalment | RM1,041 |
| Total repayment | RM62,475 |
| Total interest paid | RM2,475 |
Effective interest rate (EIR) is approximately 9.0–9.5% p.a. — this is the true cost when comparing against reducing balance loans like home loans.
Alliance Bank Personal Loan Calculator
Use the table below to estimate your monthly instalment based on loan amount and tenure.
Monthly instalment at 4.99% p.a. (flat rate)
| Loan Amount | 3 Years | 5 Years | 7 Years |
|---|---|---|---|
| RM20,000 | RM722 | RM472 | RM365 |
| RM40,000 | RM1,444 | RM944 | RM730 |
| RM60,000 | RM2,167 | RM1,417 | RM1,095 |
| RM100,000 | RM3,611 | RM2,361 | RM1,825 |
| RM150,000 | RM5,417 | RM3,542 | RM2,738 |
| RM200,000 | RM7,222 | RM4,722 | RM3,651 |
For a personalised calculation based on your salary and DSR, use our Personal Loan Calculator Malaysia.
Alliance Bank Personal Loan Eligibility & Minimum Salary
| Requirement | Details |
|---|---|
| Nationality | Malaysian citizen |
| Age | 21 – 60 years old |
| Minimum salary | RM3,000/month |
| Employment type | Salaried employee (private or government) |
| Employment tenure | Minimum 1 year with current employer |
| DSR (Debt Service Ratio) | Must not exceed 70% |
| Credit record | Clean CCRIS / CTOS history preferred |
What Is DSR?
DSR = total monthly loan commitments ÷ monthly gross income × 100. Most banks require DSR below 70%. If you earn RM5,000/month, your total monthly loan payments (including the new Alliance loan) should not exceed RM3,500.
Documents Required
For salaried employees (private sector):
- MyKad (front and back copy)
- Latest 3 months' payslip
- Latest 3 months' bank statement
- EPF statement (EA Form or e-Caruman)
For government employees:
- MyKad
- Latest payslip
- Service confirmation letter
Self-employed applicants are not eligible for Alliance CashFirst / CashVantage-i personal loan.
How to Apply for Alliance Bank Personal Loan Online
Step 1: Apply online
Click the link below — a bank representative will contact you to process your application.
Step 2: Fill in the form
Submit your basic details — income, employment, loan amount needed. No documents uploaded at this stage.
Step 3: Bank representative contacts you
An Alliance Bank officer will call within 1 business day to verify details and request documents.
Step 4: Document submission & approval
Submit required documents. Approval typically takes 24–48 hours for complete applications.
Step 5: Disbursement
Once approved and loan agreement signed, funds are credited to your account usually within 1 business day.
Alliance Bank Personal Loan Status Check
To check your Alliance Bank Malaysia personal loan application status or account balance:
Application status (pre-disbursement):
- Online: Log in to AllianceOnline → My Applications
- Phone: Call 03-5516 9988 with your application reference number
Loan balance check (post-disbursement):
- AllianceOnline: Log in → Loans → select your loan account to view outstanding balance
- Mobile app: Alliance Bank app → Accounts → Loan → Balance & Instalment Details
- Statement: Monthly e-statement shows remaining principal, interest paid, and next payment date
- Branch: Bring MyKad and your loan account number for a printed statement
Applied via iMoney?
If you applied through iMoney, your iMoney representative will also provide status updates. You can contact iMoney customer service directly for follow-up.
Alliance Bank Personal Loan Customer Service
| Channel | Contact |
|---|---|
| General line | 03-5516 9988 |
| Online banking support | Via AllianceOnline portal |
| Branch finder | alliancebank.com.my/branch-locator |
| Operating hours | Monday–Friday, 9am–6pm |
Pros and Cons
Pros
- 4.99% p.a. flat rate — among the lowest for major banks
- High limit up to RM200,000
- Both conventional and Islamic (Shariah) options available
- Fast approval — as fast as 24 hours
- No collateral or guarantor required
- Available to low-income earners (RM3,000 minimum)
Cons
- Minimum salary RM3,000 — not suitable for very low income
- Self-employed not eligible
- Flat rate means effective rate is ~9% — higher than it appears
- Tenure capped at 7 years
- Early settlement fee applies (CashFirst conventional)
Alliance Bank vs Other Banks — Comparison
| Bank | Rate (p.a.) | Max Amount | Min Salary | Approval |
|---|---|---|---|---|
| GX Bank FlexiCredit | 3.78% | RM150,000 | RM1,500 | Minutes (digital) |
| Alliance CashFirst / CashVantage-i | 4.99% | RM200,000 | RM3,000 | 24 hours |
| RHB Personal Financing | 5.02% | RM150,000 | RM2,000 | Instant (existing customers) |
| HSBC Amanah Personal Financing-i | 4.88% | RM250,000 | RM3,000 | 3–5 days |
| Hong Leong Personal Loan | 8.50% | RM250,000 | RM2,000 | 3–5 days |
| CIMB Cash Plus Personal Loan | 7.80% | RM100,000 | RM2,000 | 3–5 days |
GX Bank Has a Lower Rate — Why Consider Alliance?
GX Bank FlexiCredit offers 3.78% p.a. flat (the lowest for the general public), but with a maximum tenure of 2 years and RM150,000 limit. Alliance Bank's higher RM200,000 ceiling and up to 7-year tenure give you lower monthly instalments if you need a larger or longer loan.
Frequently Asked Questions
What is the minimum salary for Alliance Bank personal loan?
The minimum monthly salary is RM3,000 gross. Both CashFirst and CashVantage-i share the same eligibility requirement.
What is the difference between Alliance CashFirst and CashVantage-i?
CashFirst is a conventional loan (interest-based). CashVantage-i is Shariah-compliant (profit-rate based, using Tawarruq concept). Both offer the same 4.99% p.a. rate and RM200,000 limit. If you prefer Islamic financing, choose CashVantage-i.
How long does Alliance Bank personal loan approval take?
Alliance Bank advertises approval as fast as 24 hours for complete applications. Applying through a comparison portal like iMoney can speed this up as your profile is pre-screened before submission.
Can I apply for Alliance Bank personal loan if I have bad credit?
Alliance Bank will check your CCRIS and CTOS records. Active defaults or recent loan rejections will reduce your approval chances. If your credit record has issues, read our guide on improving your credit score before applying.
What is Alliance Bank personal loan contact number?
Alliance Bank's main customer service line is 03-5516 9988, available Monday–Friday, 9am–6pm.
Can I settle my Alliance Bank personal loan early?
Yes. For CashFirst (conventional), an early settlement fee may apply. For CashVantage-i (Islamic), an Ibra (rebate) on unearned profit is given, making early settlement more cost-effective.
What happens if I miss a payment?
Late payments attract a penalty charge and are reported to CCRIS, affecting your credit score. If you anticipate difficulty paying, contact Alliance Bank's Debt Management Unit early to discuss restructuring options.
Related Guides
- RHB Personal Loan Review 2026
- Hong Leong Personal Loan Review
- CIMB vs RHB Personal Loan — Which Is Better?
- How to Improve Your Credit Score Malaysia
- Personal Loan Calculator Malaysia
- Pinjaman Islamik vs Konvensional
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Last updated: 10 June 2026
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