Parameter-efficient transfer learning (PETL) has become a promising paradigm for adapting large-scale vision foundation models to downstream tasks. Typical methods primarily leverage the intrinsic low rank property to make decomposition, learning task-specific weights while compressing parameter size. However, such approaches predominantly manipulate within the original feature space utilizing a single-branch structure, which might be suboptimal for decoupling the learned representations and patterns. In this paper, we propose ALoRE, a novel PETL method that reuses the hypercomplex parameterized space constructed by Kronecker product to Aggregate Low Rank Experts using a multi-branch paradigm, disentangling the learned cognitive patterns during training. Thanks to the artful design, ALoRE maintains negligible extra parameters and can be effortlessly merged into the frozen backbone via re-parameterization in a sequential manner, avoiding additional inference latency. We conduct extensive experiments on 24 image classification tasks using various backbone variants. Experimental results demonstrate that ALoRE outperforms the full fine-tuning strategy and other state-of-the-art PETL methods in terms of performance and parameter efficiency. For instance, ALoRE obtains 3.06% and 9.97% Top-1 accuracy improvement on average compared to full fine-tuning on the FGVC datasets and VTAB-1k benchmark by only updating 0.15M parameters.