BlueDuck has officially launched TenancyCash in collaboration with Alliance Bank!

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We hit an important milestone yesterday with the launch of our latest product, which stemmed from a successful tie-up with an established financial institution in Malaysia, Alliance Bank. Our latest product from this tie-up is called BlueDuck TenancyCash. It is a cash financing product targeted at Landlords, owners of properties which are currently tenanted. We did a simple official launch on Facebook Live on our FB page BlueDuckMY at 8pm on Thursday, 23 June 2022. You can watch it here

Basically this is how this new product works. If you are a landlord with an active tenancy, you can use that tenancy to get a loan from Alliance Bank for up to 80% of the amount of your annual tenancy. So for example, you have an apartment and you’re currently renting it out for RM1,500 per month. Per annum the rental you collected from your tenant would be RM18,000. 80% of this amount would be RM14,400. That would be the amount that you can advance from Alliance Bank with TenancyCash. 

What would the repayment be like?

The repayment tenure can either be a 12 or 24-months repayment tenure. The annual interest rate is either 3.99% per annum for a 12 months repayment tenure or 4.99% per annum for a 24 months repayment tenure. This is how the calculation for monthly repayment looks like with the example above. 

RM14,400 loan

3.99% per annum x 12 months

= RM1,247.88 per month

RM14,400 loan

4.99% per annum x 24 months

= RM659.88 per month

Approval for loan application would take as fast as 24-hours if all loan documents are complete and in place. What you need as a landlord to apply for TenancyCash is your identification card (front and back) and a copy of your current stamped tenancy agreement. You can sign up for this facility at 

Why would I need such a credit facility?

For some landlords, having cash in hand for emergencies especially in uncertain times like these is a real blessing in disguise. You never know when you need it. If you’re not one of those who are lucky enough to be able to withdraw up to RM10,000 from their EPF account 2 or wish to touch your future savings inside the EPF account then this may be your alternative option. 

    Others may need the money for personal, spouse or parents’ medical expenses, children’s education, home renovation, or maybe putting a downpayment for another house or car for investment or maybe to have enough capital to start your own business or invest in one then it is definitely a viable option, considering the interest rates on other cash financing options such as a personal loan can be extremely high in some cases.

Who is TenancyCash for?

To be eligible for TenancyCash you need to be a Malaysian aged between 21 and 60 years old. You need to be a landlord with an active Tenancy (with a signed and stamped tenancy agreement of course) and you need to be either a salaried employee, a business owner or self-employed. 

What is the procedure to apply for BlueDuck TenancyCash

A landlord can go to our website to start the application process without the help of any third party. The website ie and when you go into the page, you need to key in your name and nric number and attach your NRIC copy (front and back) as well as a scanned copy of your tenancy agreement and key in your referral code/promo code if you have one. 

    There is a processing fee of RM25 to apply for TenancyCash, but because you are reading this article, we would like to share a promocode with you. This promo code will enable you to take RM24 off the processing fee and only pay RM1. It’s RM1TenancyCash. Remember to also share this promocode with your friends and family who would find TenanchCash beneficial to them so that they may apply for it as well. 

    Once you apply for TenancyCash, a bank officer from Alliance Bank will give you a call to do some credit checking and to verify if you are indeed the person who is applying for this credit facility. Once you have been successfully verified and approved, you will be notified about it, either through SMS or email and the financed amount will be credited into your nominated bank account and you can start enjoying the extra cash in hand. 

    However do keep in mind that you should only consider taking up a loan if you really need the money and if you have the ability to service the installments every month until it is fully settled. 

Our Disclaimer
Blue Duck Tech Sdn. Bhd. (hereinafter referred to as BlueDuck) is an independent fintech service provider for the property market. BlueDuck is not a financial services provider and cannot give direct financial advice.

    The content on TenancyCash page (on our website) is provided “as is” for general information purposes only. As a result of collaboration, Blue Duck and Alliance Bank Malaysia Berhad (“Issuer”) will jointly launch and provide a credit facility to the property market, also known as “TenancyCash”. TenancyCash is a form of personal loan and the contract of TenancyCash is between you and the Issuer. As such, by your application for TenancyCash made on the Site, you are bound to the specific terms and conditions governing the credit facility stipulated by the respective Issuer.

    Any content uploaded, submitted and/or posted by users are pre-screened or reviewed by us for its appropriateness, reliability and or compliance with any laws. We make no representation or warranty of any kind, express or implied as to the content uploaded or submitted by users. Regardless, without assuming any obligation to do so, we may at our sole and absolute discretion, with or without notice and without liability delete any content, suspend or delete any account that in our sole judgment violates any Term of Use.

    We believe that there is no other cash financing product such as this in the market and we are the first in Malaysia to offer such an innovative product and it will definitely benefit all landlords in helping them unlock their cash flow to be able to participate in new opportunities that arises as well as have cash in hand to weather uncertainties in their lives. For whatever reason you choose to apply for this loan for we are sure you will find it extremely useful in your time of need. 

Do visit us at to find out more and to start your application process or visit our website to find out more about the other exciting products we offer such as BlueDuck Zero Deposit where you can rent your next house or business premises with zero security/utilities deposit. 

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