Personal Loan CIMB Bank

The CIMB Cash Plus Personal Loan offers unsecured personal loans with no collaterals or guarantors needed. Key features include low interest rates starting at 4.38% per annum, loan amounts up to RM100,000, flexible repayment tenures up to 5 years, and no processing, early settlement, or stamp duty fees. Eligibility requires Malaysian citizenship, ages 21-58, a minimum monthly income of RM2,000, and at least 6 months of employment. Instant approval and no documents required for CIMB Payroll customers.

For more details, visit CIMB Cash Plus Personal Loan.

Stress-Free Loans

The CIMB Cash Plus Personal Loan is designed to help customers achieve their financial goals without added stress. This product offers a hassle-free borrowing experience with straightforward terms and no hidden fees, making it easier for individuals to manage their finances and plan for the future.

Unsecured Personal Loan

This loan does not require any collateral or guarantors, making it accessible to a wider range of customers. Without the need for assets to secure the loan, the process is simplified and quicker.

Instant Approval and No Documents for CIMB Payroll Customers

CIMB Payroll customers can benefit from instant approval and no document submission requirements for their loan application. This streamlined process leverages existing payroll information to expedite approval and disbursement, ensuring quick access to funds.

Interest Rates Overview

The CIMB Cash Plus Personal Loan offers fixed interest rates starting from 4.38% to 19.88% per annum. These fixed rates translate to Effective Interest Rates (EIR) ranging from 8.08% to 31.42% per annum. The lowest rate of 4.38% is specifically available to CIMB Preferred customers, subject to the bank’s final approval.

For detailed information on the various interest rates applicable, please refer to the Interest Rates table provided on the CIMB website here.

No Additional Fees

The CIMB Cash Plus Personal Loan is designed to be transparent and cost-effective with no hidden charges. Here are the key features:

1. No Processing Fees: You won’t incur any fees when applying for the loan.
2. No Early Settlement Fees: You can repay the loan early without any penalties.
3. No Lock-In Period: There are no restrictions on how long you must keep the loan before paying it off.
4. No Stamp Duty: There are no stamp duty charges associated with this loan.

Loan Tenure of Up to 5 Years

The CIMB Cash Plus Personal Loan offers flexible repayment options with tenures ranging from 2 to 5 years. This allows borrowers to choose a repayment period that best suits their financial situation and repayment capacity, providing flexibility and convenience in managing loan repayments.

Loan Amount Offered

The CIMB Cash Plus Personal Loan provides a loan amount ranging from a minimum of RM2,000 to a maximum of RM100,000. This wide range allows borrowers to choose an amount that fits their specific financial needs, whether for small personal expenses or larger financial commitments.

Facility Disbursement Options

The CIMB Cash Plus Personal Loan offers two options for disbursement of funds:

1. CIMB Current Account/-i or Savings Account/-i: The loan amount can be directly credited into your CIMB account.
2. Other Bank’s Account in Malaysia via Interbank GIRO (IBG): For this option, you need to provide a copy of your other bank’s account details, including your name, bank name, and bank account number.

Eligibility Criteria

To qualify for the CIMB Cash Plus Personal Loan, applicants must meet the following criteria:

1. Age: Between 21 to 58 years old.
2. Citizenship: Must be a Malaysian citizen.
3. Income: Minimum monthly gross income of RM2,000.
4. Employment: Employed for more than 6 consecutive months.
5. Self-Employed: Business must be active for more than 24 months.

Interest Rates

Loan Tenure: 2 to 5 Years

1. Lowest Pricing:
   • Fixed Interest Rate:
     • 4.38% p.a.** (EIR: 8.08% p.a.**)
     • 5.88% p.a.*** (EIR: 10.65% p.a.***)
     • 7.88% p.a. (EIR: 13.93% p.a.)
2. Highest Pricing:
   • Fixed Interest Rate:
     • 12.88% p.a. (EIR: 21.61% p.a.)
     • 14.88% p.a. (EIR: 24.51% p.a.)
     • 19.88% p.a. (EIR: 31.42% p.a.)

Notes:

• Effective Interest Rate: Based on daily resting reducing balance.
• CIMB Preferred and CIMB@Work rates subject to approval.
• Instant Approval for eligible CIMB@Work customers with consistent payroll.