Loan/Financing
Apply for Personal Loan Financing
1. What is the Personal Loan/Financing offering?
AmMoneyLine/AmMoneyLine Facility-i is an unsecured Personal Loan/Financing which requires no collaterals or guarantors. Whether you need to borrow cash to achieve your goals or for emergencies, you can opt for the Cash-Out-Plan to receive cash into your AmBank Savings Account.
This product is available under both Conventional and Islamic banking which has a fixed monthly payment schedule, offering:
- Enjoy Affordable Interest/Profit Rates
- Flexible Payment Period
- Up to RM150,000
- Quick & Hassle-Free Process
Refer to AmBank website for more details.
2. What are the criteria to apply for AmMoneyLine/AmMoneyLine Facility-i?
You can only apply if you:
- Are Malaysian aged between 21 – 60 (at maturity)
- Have a minimum gross income of RM 3,001 per month for salary earners, or RM 5,000 per month for self-employed or full commission earners.
3. How do I apply for the AmMoneyLine/AmMoneyLine Facility-i?
Go to AmOnline app > tap “More” from the bottom menu > tap “Apply for More Services” > tap “Get Loan/Financing” > tap on “Apply Personal Loan/Financing.”
4. Why do I need to have a Savings Account to apply for the Personal Loan/Financing?
All applicants must have an AmBank Savings Account/-i to receive the cash disbursement.
5. Can I save my application as a draft?
Yes, you can always complete your application later in More > Apply for More Services > View Application History
6. What happens if my application expires?
If you still wish to apply for a personal loan, you will need to restart the entire application process.
7. Will I be notified of the application status?
Yes, you will receive an SMS on the status if your application is approved.
8. How fast can I obtain the funds?
Once your application has been approved, and funds disbursed within 72 hours for completed documentation scenario.
Note: Processing time aforementioned is on best effort basis.
9. How do I pay the monthly installments?
There are a few ways to pay your monthly installments:
- Transfer via AmOnline Web or Mobile App (You can choose to pay once, or set up a recurring payment that automatically pays every month)
- Direct Debit standing instruction from AmBank Savings/Current Account or AmBank Islamic Savings/Current Account-i
- By cash at any AmBank/AmBank Islamic branches nationwide
- By cash through Cash Deposit Machine (CDM) or Automated Teller Machine (ATM)
10. Where can I find my previously submitted applications?
You may find your previously submitted applications in More > Apply for More Services > View Application History.
