AmMoneyLine / AmMoneyLine-i

• AmMoneyLine/ AmMoneyLine Facility-i is an unsecured Personal Loan/Financing which requires NO collaterals or guarantors.
• This product has a fixed monthly payment schedule and is available under both conventional and Islamic banking.
• Customers can select from two programs below:
(i) Cash Out Program
(ii) Debts Consolidation Program

Interest / profit rate is based on Employment Type and Financing Amount. As low as 6.99% flat per annum. (EIR: 12.66%)

Salaried Employees: RM 36,000
Self Employed: RM 60,000

No

0.5% of total loan/financing approved amount for both conventional and Islamic product.

	Loan / Financing Amount	Loan Tenure/ Financing Period
Minimum	RM2,000	12 months
Maximum	RM 150,000	84 months

* All application are subjected to credit assessment and approval

 

• For Cash Out Program, funds will be deposited to customer’s individual AmBank/AmBank Islamic Current or Savings Account/-i.
• For Debt Consolidation Program, funds will be directly payoff to required credit cards or loan/financing account.
• Disbursement is strictly to active and first party account only.
• Disbursement to offset AmBank/AmBank Islamic loan/financing account is not allowed.

Loan/Financing will be approved and disbursed within 72 hours provided full documentation is submitted during application.

1% per annum on monthly instalment or any amount due but remain unpaid.

No early settlement fee/charge but customers are required to give 1 month written notice in advance for early settlement.

All installments are deemed as fixed and no changes are allowed.

•  Yearly statement will be issued in December and delivered via normal mail or email.
•  Yearly statement can also be viewed and downloaded from AmOnline.

• By direct debit standing instruction from AmBank/AmBank Islamic Current or Savings account/-i.

• By using online banking or GIRO fund transfer.

• By cash at any AmBank/AmBank Islamic branches nationwide.

• By cash through AmBank Cash Deposit Machine (CDM) or Automated Teller Machine (ATM).

• By Monthly Payment Authorisation (Auto-Debit) from AmBank / AmBank Islamic Current/-i or Savings account /-i

Yes. Customer need to sign up the standing instruction with the bank that he/she wishes to appoint.

The period of payment of the facility and interest/profit rate thereon as stated in the Notification Letter

Disbursement Date	Due Date
1st to 4th	20th current month
5th to 19th	5th following month
20th to 31st	20th following month