About AmMoneyLine / AmMoneyLine-i
• 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
Salaried Employees:
RM36,000 for existing Bank customers
RM60,000 for new to Bank customers
Self Employed:
RM60,000 for existing Bank customers
RM120,000 for new to Bank customers
No
| Loan / Financing Amount | Loan Tenure/ Financing Period | |
|---|---|---|
| Minimum | RM2,000 | 12 months |
| Maximum | For New-to-Bank Customer
For Existing-to-Bank
| 84 months |
* All application are subjected to credit assessment and approval
Yes. Customer will be notified via SMS if the application is approved. If the approved amount is not within the acceptance range, customer will receive calls from the Bank to inform on approved amount. The Bank will send below letters for approved application:
-Letter of Disbursement (Upon loan disbursement)
-Letter of Commencement
• 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.
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 |
Cash Out Plan
With ranging from per annum 9.99% and 11.99%
High disbursement loan/financing amount of up to RM150,000
Of between 12 – 84 months
With no guarantors / collaterals required
Debt Consolidation Plan
Simplify your finance by consolidating your credit cards and loans/financing accounts into ONE
Better approval as no double count of DSR with minimal document needed
Competitive interest/profit rates for immediate savings
With immediate savings on interest/profit.
Learn More
