AmBank SPOT

Rewards You Can't Ignore with AmBank Credit Card/-i

For Principal and/or Supplementary Cards. Just Activate and Spend!

Now till 31 March 2020

Activate and Spend

RM 75 Cashback

Spend a minimum accumulation of RM1,000 from 1 March 2020 till 31 March 2020 on Principal / Supplementary Card.

Your Best Choice of Personal Financing

Life is made up of many defining moments, and whether it is to prepare for your wedding, buying a new property or furthering your education, AmMoneyLine / AmMoneyLine Facility-i is your trusted companion in every journey. You can choose from either Cash-Out Plan to get extra cash in hand, or Debt Consolidation Plan to consolidate your debts into a single payment. Don’t wait, apply now to savour the great moments in life.

Cash-Out Plan

Low interest / profit rate from 8.00% – 11.99% per annum

NO guarantor / collateral required

Payment period of between 12 – 60 months

High Disbursement Amount – Maximum 10x of your gross monthly income or RM150,000, whichever is lower.

Get Rewarded For Timely Repayments – Enjoy 5% cash rebate per annum on total interest / profit paid when you make payment on time

Debts Consolidation Plan

Simplify your finances by consolidating your credit card and personal loan / financing accounts into ONE account

Save up to 2% per annum on interest / profit

Payment period of between 12 – 60 months

Competitive rate for immediate interest / profit savings

Eligibility

Items	Details
Minimum Age	21-60 years old (upon maturity of facility)
Nationality	Malaysian citizen; OR Permanent Resident working in Malaysia
Minimum Income	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
Documents Required	To expedite processing, please enclose photocopies of the following documents: Application form Photocopy of NRIC (Front and Back) For Individuals (Fixed Salary Earner): Latest 1 month’s Salary Slip WITH Bank Statement where Salary is credited/Latest EPF statement/ Latest BE Form with corresponding Tax Payment Receipt/Latest EA Form/Notice of Assessment (NOA); OR Latest 3 consecutive months‘ Salary Slip; OR Latest 3 months’ EPF/CPF statement Applicable for group of Multinational Corporation (MNC), Government Linked Company (GLC), Public Listed Company (PLC) and Financial Institution (FI). Other than above, corresponding income evidence (e.g. Tax Return/e-Filing/bank statement, etc.) must be provided. For Individuals (Fixed Plus Variable): Latest 3 consecutive months’ Salary Slip WITH Bank Statement where Salary is credited/Latest EPF statement/Latest BE Form with corresponding Tax Payment Receipt/Latest EA Form/Notice of Assessment (NOA); OR Latest 3 months’ EPF/CPF statement Applicable for group of Multinational Corporation (MNC), Government Linked Company (GLC), Public Listed Company (PLC) and Financial Institution (FI). Other than above, corresponding income evidence (e.g. Tax Return/e-Filing/bank statement, etc.) must be provided. Full Commission Earners: Latest 6 consecutive months’ Commission Statement/Statement of Account (SOA); OR Latest 6 consecutive months’ Bank Statement; OR Annual Statement of Commission Earned; OR Latest BE Form with corresponding Tax Payment Receipt Sole Proprietor/Partnership/Company: Latest 6 months company banks statement; OR Latest B/BE Form WITH corresponding tax payment receipt & Latest 1 month company banks statement; AND Form A (For Sole Proprietor)/Form B (for Partnership)/Form 9,24,49 (for Company) Trading License for East Malaysia

Note: Customers who opt in for Bank Negara Malaysia’s (BNM) loan / financing deferment initiative will not be eligible to receive 5% cash rebate per annum on total interest / profit paid. For more information, please refer to our FAQ here.

Your Best Choice of Personal Financing

Life is made up of many defining moments, and whether it is to prepare for your wedding, renovating your house or furthering your education, AmMoneyLine / AmMoneyLine Facility-i is your trusted companion in every journey. You can choose from either Cash-Out Plan to get extra cash in hand, or Debt Consolidation Plan to consolidate your debts into a single payment. Don’t wait, apply now to savour the great moments in life.

CASH OUT PLAN

Enjoy Low Interest / Profit Rate

Ranging from 8.00% - 11.99% per annum

Quick & hassle-free process

With no guarantors / collaterals required

Flexible payment period

Of between 12 – 60 months

CALCULATOR

Debt Consolidation Plan

All Your Finances At One Go

Simplify your finances by consolidating your credit cards and loans/financing accounts into ONE

Great Savings

With immediate savings on interest

Hassle-free Approval

Better approval as no double count of DSR with minimal document needed

Better Cash Flow

Better cash flow management from ONE account

60 Months

Flexible financing tenure up to 60 months

Affordable Interest / Profit Rate

Competitive rate for immediate interest/profit savings

CALCULATOR

Choose your Employment Type

Add Your Current Financial Commitment

ADD MORE

Choose Your Desired Tenure (Years) Interest/Financing (%) Current Total Outstanding Amount Current Total Monthly Payment

CALCULATE

New Consolidated
Monthly Repayment

RM

Monthly Repayment Savings
RM

APPLY NOW

Eligibility

Minimum Age:

21-60 years old (upon maturity of facility)

Nationality:

Malaysian citizen; OR

Permanent Resident working in Malaysia

Minimum Annual Income

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

Documents Required

Application form
Photocopy of NRIC (Front and Back)

For Salaried Employee:

Fixed Salary Earner
i. Latest 1 month’s salary WITH Bank statement where salary is credited / Latest EPF statement / Latest BE Form with corresponding Tax Payment Receipt / Latest EA Form* / Notice of Assessment (NOA); OR
ii. Latest 3 consecutive months’ Salary Slip; OR
iii. Latest 3 months’ EPF/CPF statement

*Applicable for Group of Multinational Corporation (MNC), Government Linked Company (GLC), Public Listed Company (PLC) and Financial Institution (FI)

Other than above, corresponding income evidence (eg. Tax Return / E-Filing / Bank Statement, etc) must be provided.

Fixed Plus Variable
i. Latest 3 consecutive months’ Salary Slip WITH Bank Statement where Salary is credited / Latest EPF statement / Latest BE Form with corresponding Tax Payment Receipt / Latest EA Form* / Notice of Assessment (NOA); OR
ii. Latest 3 months’ EPF/CPF statement

*Applicable for Group of Multinational Corporation (MNC), Government Linked Company (GLC), Public Listed Company (PLC) and Financial Institution (FI)

Other than above, corresponding income evidence (eg. Tax Return / E-Filing / Bank Statement, etc) must be provided.

Full Commissions Earner:
i. Latest 6 consecutive months’ Commission Statement / Statement of Account (SOA); OR
ii. Latest 6 consecutive months’ Bank Statement; OR
iii. Annual Statement or Commission Earned; OR
iv. Latest BE Form with corresponding Tax Payment Receipt

For Self Employed:

Sole Proprietor
i. Form A & D (Business Registration) / Trading License for East Malaysia / Unregistered Business); AND
ii. Latest 6 consecutive months’ Personal or Business Bank Statement; OR
iii. Latest year BE/B Form with corresponding Tax Payment Receipt & 1 month Personal or Business Bank Statement; OR
iv. E-Filing acknowledgement receipt & Latest 1 month Personal or Business Bank Statement; OR
v. Latest 6 consecutive months’ Statement of Accounts (SOA) from relevant authorities / MNC / PLC / FI

Partner
i. Form B & D (Business Registration for West Malaysia) / Trading License for East Malaysia; AND
ii. Latest 6 consecutive months’ Business Bank Statement; OR
iii.Latest year B Form with corresponding Tax Payment Receipt & Latest 1 month Business Bank Statement; OR
iv. E-Filing acknowledgement receipt & Latest 1 month Business Bank Statement

Director / Shareholder
i. Return of Allotment of Shares (formerly known as Form 24) ; AND
ii. Notification of Change in the Register of Directors, Managers and Secretaries Form (formerly known as Form 49); AND
iii. Latest 6 consecutive months’ Personal or Business Bank Statement
iv. Latest year BE Form with corresponding Tax Payment Receipt & Latest 1 month Personal or Business Bank Statement; OR
v. E-Filing acknowledgement receipt & Latest 1 month Personal or Business Bank Statement

Company:
i. Form 9 – certificate of incorporation of private company
ii. Form 24 – return of allotment of shares
iii. Form 49 – notification of change in the registration of director, manager and secretary
iv. Constitution of a written confirmation duly signed by director(s) confirming that the company does not have Constitute (formerly known as Memorandum & Articles of Association)
v. Notification of change in registered address (formerly known as Form 44, if applicable)
vi. Latest 6 consecutive months’ company bank statements & summary of bank statement analysis; OR
vii. Latest BE & B Form with tax payment receipt + latest 1-month company bank statement;
viii. E-Filing acknowledgment receipt + latest 1-month company bank statement

Frequently Asked Questions

What is AmMoneyLine / AmMoneyLine Facility-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

Who is eligible to apply for the AmMoneyLine/AmMoneyLine Facility-i?

• Malaysian

• Age 21 to 60 (at maturity). E.g.: If the applicant is 56 years old, he/she can only apply for a loan/financing tenure of not more than 4 years.

* Terms and Conditions apply.

What is the benefit of our product compared to Personal Loan/Financing from other banks?

5% YEARLY cash back/rebate for prompt paymaster.

Is there any handling fee or charges?

No.

How much is the Stamping Fee?

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

What is the interest / profit rates?

Interest / profit rate is based on Employment Type and Financing Amount. It ranges from 8.00% to 11.99% flat per annum. (EIR/EPR: 14.13% to 21.55%).

What are the minimum and maximum loan/financing amount and tenure offered?

* All applications are subjected to credit assessment and approval

Will customers be notified if the application is approved or declined?

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)
-Letterof Commencement

How do customers receive the funds?

• For Cash Out Program, funds will be deposited to customer’s individual AmBank/AmBank Islamic Current or Savings Account/-i.
• For Debts 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.

When will customers obtain the funds?

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

How much is the Late Payment Charge?

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

How much is the Early Settlement Fee/Charge?

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

Can customers restructure their installments , interest/profit rates or payment due date?

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

When do customers get their statements?

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

How do customers pay their monthly installments?

• 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).

Can customer pay the installments by signing up for a Standing Instruction with other banks?

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

When do I have to make my 1st payment?

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

AmMoneyLine

AmMoneyLine Facility-i

Benefits of Balance Transfer

Consolidate your outstanding balances from other Bank's Credit Card and enjoy instant interest/ management fee savings!

Affordable

Competitive rates with no up front fees / processing fees

Convenient

Apply via AmOnline at the comfort of your own home

Efficient

Easier financial management by consolidating all your credit card balance

Flexible

Repayment in 12, 24, 36 monthly tenure

How to apply

Easy, Simple, Fast method

Step 1

Select the AmBank credit card/ AmBank Islamic credit card-i for Balance Transfer

Step 2

After login into your AmOnline, select “Apply”

Step 3

Then choose your monthly instalment tenure

Step 1

After login into your AmOnline, select “Apply”

Step 2

Then select “Apply Balance Transfer”

Step 3

Select the AmBank credit card/ AmBank Islamic credit card-i for Balance Transfer

Step 4

Then select “Apply Balance Transfer”

Step 5

You can find your previously submitted application in the Balance Transfer application history

Step 6

Select the Issuer / Bank and enter the card number you want to Transfer To. Then, toggle the red circle to choose the amount you want to transfer or you can edit in the amount field

Step 4

Select the Issuer / Bank and enter the card number you want to Transfer To. Then, toggle the red circle to choose the amount you want to transfer or you can edit in the amount field

Step 5

Verify your card. Then click “Continue” to proceed to next step

Step 6

Then choose your monthly instalment tenure

Step 7

You have successfully applied for Balance Transfer. You will receive SMS & Email notification for your application submission

Step 8

Verify your card. Then click “Continue” to proceed to next step

Step 9

You need to accept the Terms & Conditions before you can proceed

Step 7

You need to accept the Terms & Conditions before you can proceed

Step 8

You have successfully applied for Balance Transfer. You will receive SMS & Email notification for your application submission

Step 9

You can find your previously submitted application in the Balance Transfer application history

Alternative method

Call our Contact Centre at 03-2178 8888 and speak to our customer service representative.

Visit your nearest Branch to understand more on Balance Transfer today!

BT FAQ

Get RM30 cashback, RM30 OFF or 30% OFF with your AmBank Cards!

Featured Partners

Promotion

Stay tuned! More promotions are coming!

Rewards You Can't Ignore with AmBank Credit Card/-i

Activate and Spend

Your Best Choice of Personal Financing

Cash-Out Plan

Debts Consolidation Plan

Your Best Choice of Personal Financing

CASH OUT PLAN

Enjoy Low Interest / Profit Rate

Quick & hassle-free process

Flexible payment period

10x income

Up To 150k

Up To 5% Rebate

Debt Consolidation Plan

All Your Finances At One Go

Great Savings

Hassle-free Approval

Better Cash Flow

60 Months

Affordable Interest / Profit Rate

Frequently Asked Questions

Benefits of Balance Transfer

Affordable

Convenient

Efficient

Flexible

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