CIMB Introduces Malaysia’s First Auto Dealer App For Vehicle Financing

Dharshaini Grace

Dharshaini Grace

Last updated 26 July, 2022

It only takes a minute for your automotive loan and financing approval - that’s exactly what CIMB Auto Dealer App will do for you. The first of its kind in Malaysia, CIMB Bank Berhad, and CIMB Islamic Bank Berhad have launched out a mobile application, CIMB Auto Dealer App, that enables automotive loan/financing approval within one minute upon full submission of required documents. Hence, empowering car dealers for fast, secure, and seamless digital application submissions and processing for auto financing. 

In a statement posted yesterday, car dealers nationwide can now submit their financing applications anytime and anywhere, with a real-time submission tracking feature that updates dealers on the status at every stage of the process. 

CIMB has also partnered with CARSOME, Southeast Asia’s largest integrated car e-commerce platform to accelerate the rollout, with 15 Carsome Experience Centres already onboarded with the CIMB Auto Dealer App to support Carsome’s customers on their vehicle financing needs.

Samir Gupta, CEO, Group Consumer Banking of CIMB Group said, “We are pleased to have partnered with CARSOME, a leader in the region’s automotive e-commerce space, for the initial rollout of our CIMB Auto Dealer App. We look forward to working closely with CARSOME and supporting their customers’ auto financing needs through this seamless digital auto financing solution. With the success of this partnership, we look forward to onboarding other car dealers nationwide to make the auto financing process more convenient and transparent with a fully-digital process and real-time status tracking. The App reflects our commitment to continuously improve and simplify the banking experience for our customers and partners through digital innovation, in line with our focus on Customer Centricity under our Forward23+ strategic plan.”

Eric Cheng, Co-Founder and Group CEO of CARSOME said, “We are excited to work with CIMB to introduce Malaysia’s first Auto Dealer App for vehicle financing. Our partnership will enable more efficient financing approval for customers to purchase cars on CARSOME’s platform, providing them with a seamless and hassle-free experience. This is another step forward in our commitment to building the most trusted end-to-end ecosystem in the automotive industry.”

The CIMB Auto Dealer App is available for both new and used car financing. For more information, visit CIMB Bank Berhad.