Maybank Personal Loan: Empowering Your Financial Journey with Competitive Rates! Discover boundless financial opportunities through Maybank’s personal loan solutions. Embrace a future of prosperity with our competitive rates and lightning-fast approvals. Don’t miss out, click...
CIMB Bank Personal Loan
Experience unparalleled financial freedom with CIMB Bank’s personal loan. Tailored to meet your diverse financial needs, this versatile credit line allows you to leverage your existing assets as collateral, providing cost-effective financing solutions with enhanced flexibility. With acceptable collaterals ranging from Fixed Deposits to Unit Trust Funds, you can access funds as needed while enjoying greater savings with interest charged only on the amount utilized. Whether you’re seeking to manage cash flow, seize investment opportunities, or address unforeseen expenses, the CIMB Bank’s personal loan offers a seamless and convenient way to navigate your financial journey with confidence. Unlock new possibilities and take control of your finances today.
CIMB Bank Personal Loan: Summary
- Bank Name: CIMB Bank
- Abbreviation / Code Name: –
- Category: #ConsumerLoan#koperasi #personalloan #Bank #CIMB
- Bank Promotion Name: Cimb Bank’s personal loan general info
Cimb Bank Islamic Loan (Pinjaman Peribadi Islamik)
CIMB Bank Xpress Cash Financing-i
CIMB Bank offers the Xpress Cash Financing-i, a convenient solution designed to provide fast and flexible financing options to individuals looking to realize their dreams. With hassle-free processing and attractive features, this financing option empowers you to achieve your goals with ease.
Fast and Flexible Financing
With CIMB Bank’s Xpress Cash Financing-i, you can access financing of up to 8X your gross monthly income (basic + fixed income). This means you can secure substantial funds to meet various financial needs, whether it’s for education, home renovations, or other personal expenses. The application process is straightforward, ensuring a quick turnaround time so you can get the funds you need when you need them.
Eligibility Criteria
To qualify for the CIMB Bank Xpress Cash Financing-i, applicants must meet the following criteria:
- Age: Individuals must be aged between 21 to 60 years old. However, the maximum age upon maturity of the loan tenure is 65 years old.
- Citizenship: Malaysian citizenship is required.
- Income: Applicants should have a minimum monthly gross income of RM800, including variables such as overtime and allowances.
- Employment: A minimum of 6 months of employment or business establishment is necessary.
Joint applications are not allowed, ensuring simplicity and clarity in the loan agreement.
Financing Details
The CIMB Bank Xpress Cash Financing-i offers the following financing details:
- Minimum Financing Amount: RM3,000
- Maximum Financing Amount: RM50,000 or up to 8X gross monthly income (whichever is lower)
- Tenure: Financing tenure ranges from a minimum of 5 years up to a maximum of 35 years or until the applicant reaches 65 years of age, whichever comes earlier.
Term Financing-i Secured by ASB Certificate
For Malaysian Bumiputera individuals, CIMB Bank offers Term Financing-i secured by ASB Certificate. This financing option, based on the concept of Commodity Murabahah-Tawarruq, provides a secure means to grow wealth and achieve financial goals.
Key Features:
- Eligibility: Exclusive to Malaysian Bumiputera individuals.
- Profit Rate: BR + 1.55% p.a., with a capped Ceiling Profit Rate (CPR) of 10.75%.
- Stable Profit Rate: Enjoy a stable profit rate throughout the financing tenure, providing financial predictability.
Important Notes and Fees
It’s essential to consider the following notes and fees associated with CIMB Bank’s financing options:
- Documentation Fee: Includes ASB Certificate Lien Fee (RM50 payable to Amanah Saham Nasional Berhad) and Nominal Stamp Duty (RM10).
- Financing Amount: Ranges from a minimum of RM10,000 to a maximum of RM200,000.
- Margin of Financing (MOF): Offers a high margin of financing up to 100% MOF + 5% Takaful coverage.
PNB’s Disclaimer
Investors considering ASB-based financing should review PNB’s disclaimer, which outlines the risks, fees, and charges associated with investing in ASB funds.
Before making any investment decisions, it’s crucial to understand the content of the prospectuses and product highlights sheets provided by ASNB.
Conclusion
CIMB Bank’s Xpress Cash Financing-i and Term Financing-i Secured by ASB Certificate offer competitive financing solutions tailored to meet the diverse needs of Malaysian individuals. With attractive features, flexible terms, and straightforward application processes, these financing options empower individuals to achieve their financial goals effectively.
Get CIMB Bank personal financing repayment table click repayment table –> cimb-20170817-Xpress-Cash-Financing-i-Monthly-Repayment-Table
CIMB Bank Cash Plus Conventional Personal Loan: Hassle-Free Financing Without Collaterals or Guarantors
CIMB Bank’s Cash Plus personal loan stands out as an unsecured term loan, offering seamless access to financing without the complexities of collaterals or guarantors. Here’s a comprehensive overview of what this loan entails:
Loan Features
- No Collaterals or Guarantors Required: Say goodbye to the hassle of arranging collaterals or finding guarantors, making the application process simpler and more straightforward.
- Convenient Repayment Tenure: Enjoy the flexibility of repayment periods extending up to 7 years, allowing you to manage your repayments according to your financial capacity and needs.
- Generous Loan Amount: Existing CIMB Bank customers can access loan amounts of up to RM300,000, subject to eligibility criteria, empowering borrowers to address various financial requirements.
Eligibility Criteria
To qualify for the CIMB Bank Cash Plus’s personal loan, applicants must meet the following criteria:
- Age: Individuals aged between 21 to 58 years old*.
- Income: A minimum monthly gross income of RM2,000.
- Employment: Employed for more than 6 consecutive months or self-employed with an active business for more than 24 months.
Interest Rates
The CIMB Bank Cash Plus personal loan offers competitive fixed interest rates ranging from as low as 6.88% to 16.88% per annum, translating to Effective Interest Rates of 12.31% to 26.65% per annum.
Fees & Charges
- Late Payment Penalty: A nominal late payment penalty of 1.0% p.a. is applied on the installment amount in arrears from the overdue date.
- No Hidden Fees: Enjoy transparency and clarity in your loan agreement as there are no processing fees, early settlement fees, lock-in periods, or stamp duty charges.
Loan Tenure
- Borrowers can choose from flexible payment periods of up to 7 years, aligning with their financial circumstances and preferences.
- Note: Loan tenure of 6 & 7 years is exclusively applicable for Existing CIMB Bank Customers. Additional eligibility criteria apply, including age ≥30 years and a monthly gross income of ≥RM3,000.
Conclusion
The CIMB Bank Cash Plus’s personal loan emerges as an ideal choice for individuals seeking convenient and flexible financing options without the complexities of collaterals or guarantors. With competitive interest rates and transparent fee structures, it serves as a reliable solution for fulfilling diverse financial needs. Whether you’re planning for education expenses, home improvements, or other personal endeavors, this loan provides the support you need to realize your aspirations. Applicants are encouraged to review the eligibility criteria and loan terms carefully to make informed decisions tailored to their financial requirements.
| Loan Tenure | Fixed Interest Rate | Equivalent to Effective Interest Rate (Fixed interest rate, reducing balance, daily rest. Subject to customer remaining until end of tenure) | |
|---|---|---|---|
| 2 to 5 Years | 6.88% p.a. | 12.31% p.a. | |
| 9.88% p.a. | 17.09% p.a. | ||
| 11.88% p.a. | 20.13% p.a. | ||
| 14.88% p.a. | 24.15% p.a. | ||
| 6 to 7 Years | 6 Years | 7 Years | |
| 7.88% p.a. | 13.72% p.a. | 13.51% p.a. | |
| 10.88% p.a. | 18.26% p.a. | 17.92% p.a. | |
| 12.88% p.a. | 21.15% p.a. | 20.71% p.a. | |
| 16.88% p.a. | 26.65% p.a. | 26.03% p.a. | |
*Please note the final approved Fixed Interest Rate and Effective Interest Rate are subject to the Bank’s approving criteria.
CIMB Bank Secured Overdraft Facility: Unlock Financial Flexibility with Confidence
The CIMB Bank Secured Overdraft Facility presents a versatile financing solution tailored to provide you with enhanced financial flexibility while leveraging your existing assets. Here’s an in-depth look at what this facility entails:
Overview
The Secured Overdraft Facility is a credit line extended to your CIMB Bank Current Account, secured by collateral pledged to the bank. It offers a host of benefits designed to empower you to manage your finances efficiently.
Key Features
- Acceptable Collaterals: You can secure the Overdraft Facility by pledging various assets, including Fixed Deposits, Selected Structured Products/FRNID, Selected Unit Trust Funds, or the Amanah Saham Bumiputera Unit from Amanah Saham Nasional Berhad.
- More Savings: Benefit from greater savings with interest charged only on the amount utilized, providing cost-effective financing solutions tailored to your needs.
- Financial Liquidity: Enjoy improved cash flow management with no fixed monthly repayment schedule, allowing you to access funds as needed without constraints.
Eligibility Criteria
To qualify for the CIMB Bank Secured Overdraft Facility, applicants must meet the following criteria:
- Age: Individuals aged between 21 to 70 years old.
- Residency: Malaysian citizens or residents with PR status residing in Malaysia.
- Collateral Ownership: Applicants must be the owner of the collateral pledged, free from any encumbrance.
- Minimum Collateral: A minimum collateral value of RM10,000-00 is required.
- Overdraft Limit: The overdraft limit is determined based on the value of the collateral pledged, providing flexibility to match your financing needs.
Conclusion
The CIMB Bank Secured Overdraft Facility offers a compelling solution for individuals seeking enhanced financial flexibility and liquidity. By leveraging your existing assets as collateral, you can unlock access to cost-effective financing with tailored features designed to meet your specific requirements. Whether you’re looking to manage cash flow, seize investment opportunities, or address unforeseen expenses, this facility empowers you to navigate your financial journey with confidence. Reach out to CIMB Bank to explore how the Secured Overdraft Facility can help you achieve your financial goals efficiently and effectively.
Web Directories
Welcome to our comprehensive web directories! Explore a world of information and resources tailored to your interests and needs. From travel adventures to financial solutions, hobbies, reviews, and more, our curated collection of links offers something for everyone. Click on the above links to start your journey towards discovering new experiences and expanding your horizons. Your next destination awaits!
- https://asiaworldtour.com: “Asia World Tour: Your Gateway to Asian and World Adventures”
- https://personalfinancingloan.com: “Personal Financing Loan: Your Path to Financial Freedom”
- https://hobbyforte.com: “HobbyForte: Discover Your Car Passion, Explore Your Interests”
- https://reviewsanything.com: “ReviewsAnything: Your Trusted Source for Honest Gadget Reviews”
- https://rumahmampumilik.com: “Rumah Mampu Milik: Your Affordable Homeownership Journey Begins Here”
- https://malaysiadigit.com: “MalaysiaDigit: Your Digital Destination for News and Insights”
- https://vipmalaysia.com: “VIP Malaysia: Elevate Your Experience in Malaysia”
- https://nordiyana.com: “Indulge in Elegance at Nordiyana: Latest Recipe and Culinary Inspirations”
- https://e-penyatagaji.com: “E-Penyata Gaji: Simplifying Payroll Management for You”
- https://googleasia.org: “Google Asia: Explore the World and Asia’s Wonders with Google Asia”
- https://malaysiafit.com: “Malaysia Fit: Your Partner in Health and Wellness”
- https://koperasi.info: “Koperasi: Building Communities, Empowering Lives”
- https://recipeinside.com: “RecipeInside: Unveiling Culinary Creations, Your Guide to Delicious Dishes”
- https://asiahealthcenter.com: “Asia Health Center: Your Source for Holistic Wellness Solutions”
- https://nationalhealthcenters.com: “National Health Centers: Your Source for Vital Health Information and Community Care”
- https://malaysiabit.com: “MalaysiaBit: Stay Informed, Stay Connected”
- https://epenyatagaji.com: “E-Penyata Gaji: Your Digital Payslip Solution”
- https://koperasi.work: “Koperasi Work: Collaborate, Innovate, Succeed”
- https://koperasi.business: “Koperasi Business: Driving Entrepreneurship, Fostering Growth
*Source: cimb.com.my
CIMB Bank Personal Loan Reviews
Customer Reviews about CIMB Bank Personal Loan Reviews
Article Related to Personal Financing from Banks
Bank Islam: Best Personal Loans in Malaysia!
Bank Islam Personal Loan: The Ultimate Financing in Malaysia Explore Bank Islam’s personal loan for swift solutions and competitive rates. Click for details on quick approvals and financial flexibility. Bank Islam is the best personal...
Bank Rakyat: Best Personal Loans in Malaysia!
Hassle-Free Financing: Bank Rakyat Personal Loan Promotion Exciting news! Bank Rakyat’s personal loan comes with incredibly low rates. Don’t miss out on this opportunity for financial benefits. Apply now and click for details! Bank Rakyat...
Citibank Berhad: Best Personal Loans
Empower Your Finances: Citibank Berhad Personal Loan Unlock your financial potential with Citibank’s personal financing. Apply now for quick approval and flexible repayment options. Take control of your finances today! In today’s fast-paced world, financial...
Kuwait Finance House (KFH): Best Personal Loan RM250k
Kuwait Finance House (KFH) Access instant cash through Kuwait Finance House (KFH) Murabahah Cashline-i personal loan without affecting your current deposits or investments! Whether for emergencies, education, business, or other needs, our KFH Cashline-i offers...
UOB Bank: Best Personal Loans in Malaysia
UOB Bank Experience the convenience and empowerment of UOB Bank’s personal loans, designed for hassle-free borrowing. With transparent terms, competitive rates, and exceptional service, UOB Bank sets a new standard in personal financing. Discover how...
RHB Bank: Best Personal Loans in Malaysia
RHB Bank Personal Loan Looking to achieve your financial goals and unlock greater flexibility? Explore RHB Bank’s diverse range of personal financing solutions designed to cater to your unique needs. Whether you’re a private sector...
OCBC Bank: Best Personal Loans in Malaysia
OCBC Bank Personal Loan OCBC Bank personal loan offers additional financial support on top of your housing loan. Access up to RM150,000 for personal use, tailored to your needs. Click to apply and secure the...
Kuwait Finance House (KFH): Best Personal Loans in Malaysia
Kuwait Finance House (KFH) Discover the gateway to financial freedom with Kuwait Finance House’s Murabahah Personal Financing-i Generic. Offering up to RM250,000 in financing with flexible tenures ranging from 2 to 10 years, this innovative...
HSBC Bank: Best Personal Loans in Malaysia
HSBC Bank Personal Loan HSBC Amanah Personal Financing-i offers hassle-free financing solutions tailored to your needs. With savings on school fees, flexible repayment options, and no early settlement fees, achieving your financial goals has never...
Hong Leong Bank (HLB): Best Personal Loans in Malaysia
Hong Leong Bank (HLB) Personal Loan Gain insight into the financial aspects of Hong Leong Bank (HLB) personal loans. Understanding the commitments and responsibilities associated with your loan is crucial for effective financial planning. Explore...
Citibank: Best Personal Loans in Malaysia
Citibank Berhad Personal Loan Discover Citibank’s seamless personal loan application process, characterized by efficiency and transparency. From user-friendly online platforms to clear loan terms and responsive customer support, Citibank ensures a hassle-free experience for borrowers....
Contact CIMB Bank
- CIMB Bank Call Center: 03-6204 7788
Premier Credit Card Call Centre 03-62047799
Business Call Centre: +60322973000 - info@personalfinancingloan.com
- CIMB EzBank HQ Kuala Lumpur
11, Jln Raja Laut, Kuala Lumpur City Centre
50350, Federal Territory of Kuala Lumpur - CIMB Bank Customer Service
83, Jalan Medan Setia 1, Bukit Damansara
50490, Wilayah Persekutuan Kuala Lumpur