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Hong Leong vs Alliance Personal Loan Malaysia
Representative unsecured comparison: HLB Personal Loan vs Alliance CashFirst Personal Loan
Both are unsecured flat-rate personal loans, which makes the effective-rate and early-settlement details especially important.
Verified side-by-side evidence
| Representative product | HLB Personal Loan | Alliance CashFirst Personal Loan |
| Structure | Unsecured fixed/flat-rate personal term loan | Unsecured flat-rate loan using Rule of 78 |
| Published tenure | 2 to 5 years | 1 to 7 years |
| Published amount | Current HLB page illustrates RM5,000 to RM100,000 in its rate table | Current Alliance PDS states RM5,000 to RM200,000, subject to eligibility; some digital channels can have lower caps |
| Published pricing | Current HLB page: flat 8.50%–10.50% depending on disbursement account; equivalent EIR 15.99%–20.76% | Alliance PDS illustration: RM100,000 / 7 years / 8.38% flat / 14.27% effective; actual rate is stated in Confirmation of Terms |
| Early settlement | HLB PDS says advance payments do not reduce total interest and are not redrawable; check settlement terms separately | Alliance PDS requires 3 months' written notice and provides a rebate formula for early settlement |
| Stamp / late charge | Check current fees page/PDS | Alliance PDS: RM5 per RM1,000 stamp duty and 1% p.a. late charge on arrears |
Important: Published rates and illustrations are not personal quotations. Different sample principals, tenures, customer profiles and campaign conditions cannot be compared as if they were controlled experiments.
What actually separates these options
- Alliance currently publishes a longer maximum tenure and a larger PDS maximum amount than the HLB rate table shown on its current page.
- HLB's current public pricing varies by where the loan is disbursed.
- Both products use flat-rate concepts, so effective rate and total repayment are more useful than the headline flat rate.
How to compare your own offer
- Use the same requested amount and tenure.
- Record the actual approved effective rate/profit rate, not only the advertised flat or headline rate.
- Add all recurring and one-off fees.
- Read redraw, prepayment and early-settlement mechanics.
- Compare total repayment and cash-flow flexibility.
Official evidence used
Provider evidence checked: 10 September 2026. Recheck official bank pages before applying because product terms can change.