CIMB Personal Loan

CIMB Group is a leading ASEAN universal bank and one of the largest Asian investment banks.


Compare Personal Loans by CIMB Malaysia

About the loan

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CIMB has a variety of personal loans that cater to a variety of needs. Whether you’re taking the loan for a holiday, a wedding, or even a car accessory, CIMB bank is able to cater to your financial needs. Take a look at the personal loans that CIMB has to offer you:

CIMB’s Cash Plus Personal Loan is a hassle-free loan that you can use for a variety of purposes. It offers you a loan with a tenure of up to 5 years with no collaterals and no guarantor with flexible repayments.

Features & Benefits

  • Low Interest Rates from 8.2% to 14.66% flat per annum
  • Zero-Fee
    • No processing fee
    • No early settlement fee
    • No lock-in period
    • No Stamp Duty
  • Flexible repayment period of up to 5 years
  • Coverage up to RM25,000
    • In the case of the borrower’s death, CIMB bank will write off up to RM25,000 from the loan
  • Next Day Approval
    • Enjoy quick next-day approvals after the completion of application, excluding weekends and public holiday
  • Flexible Loan Amount
    • Take a loan from a minimum of RM2,000 all the way up to a maximum of RM100,000 or 8X your gross monthly income (whichever lower amount)

Eligibility & Requirements

To apply for the Cash Plus Personal Loan, you must fulfil the following:

  • Malaysian Citizen
  • Individual Applicant
  • Aged 21 – 58 years old
  • Have a minimum monthly income of RM2,000
  • Been employed for more than 6 consecutive months
  • If self-employed, have a business that has been active for more than 24 months

You will also need to provide the following documents:

Employed:

  • Minimum latest 1-month payslip, 3-month payslip, and latest 3-month salary crediting bank statement or latest EPF statement with a minimum 6-month contribution

Self Employed (own business):

  • Minimum latest 6-month company bank statement and Business Registration Document or
    • Latest Form B and LHDN payment receipt or
    • Latest e-Form and e-filing acknowledgement receipt

Interest Rates (Effective Lending Rate)

  • Salaried employees and loan amounts:
    • RM50k to RM100k: 14.50% p.a.
    • RM20k to RM50k and below: 18.62% p.a.
    • RM2k to RM20k and below: 24% p.a.
  • Self Employed:
    • RM2k too RM100k: 24% p.a.

Fees & Charges

  • Late Payment Penalty: 1% p.a. on the instalments amounts from the overdue date onwards

This is the personal loan to apply for if you want quick and flexible financing! You can apply for an amount that is up to 8X your gross monthly income. What better plan to achieve your dreams? No collaterals, no guarantor, and a flexible repayment tenure of up to 5 years.

Features & Benefits

  • Financing amount from a minimum of RM3,000 to a maximum of RM50,000 or 8X your gross monthly income (whichever lower amount)
  • Comes with Takaful coverage that covers death and total permanent disability
  • Enjoy a flexible repayment tenure from a minimum of 6 months and up to 5 years

Eligibility & Requirements

To apply for the loan, you must fulfil the following:

  • Be a Malaysian Citizen or Permanent Resident
  • Individual Applicant
  • Minimum monthly income of RM800
  • Aged 21 years to 60 years
  • Employed for a minimum of 6 months

You will also need to provide the following documents:

  • The application form
  • MyKad copy (both sides)
  • The following individual documents:
    • Employed:
        • Latest 1-month payslip, 3-month payslip, and latest 3-month salary crediting bank statement or latest EPF statement with minimum 6-month contribution
    • Self Employed (own business)
        • Latest 6-month company bank statement and Business Registration Document or:
          • Latest Form B and LHDN payment receipt or,
          • Latest e-Form B and e-filing acknowledgement receipt

Profit Rates

  • 18% to 24% p.a.

Fees & Charges

  • Stamp Duty: 0.5% of financing amount
  • Compensation/Ta’widh: 1% p.a. on instalment amount
  • Takaful contribution depending on financing amount and tenure
  • Rebate/Ibra’ provided if financing is fully settled before maturity
  • No early settlement fee

A personal loan based on the concept of Commodity Murabahah-Tawarruq, which is secured by ASB/ASB2 Certificate.

Features & Benefits

  • Profit rate of BR +1.3% p.a., capped at ceiling rate of 10.75%
  • Financing Tenure between 5 years to 30 years or 65 years of age
  • Financing amount from minimum RM10k to RM200k
  • High financing margin up to 100% + 5% takaful coverage
  • Takaful coverage

Eligibility & Requirements

  • Malaysian Bumiputera only
  • Aged 18 years and above. Students ineligible

Documents required:

  • Photocopy of NRIC
  • Evidence of Income:
    • Employed:
        • Latest 3-month payslip and bank statement showing salary crediting
        • Latest EPF statement
    • Self Employed:
        • Latest 6-month current account statement (of the business)
        • Statement of profits earned from term deposits placed more than 12 months
        • ASNB dividend statement
        • Latest 6-month Tabung Haji account statement

Profit Rates

  • BR + 1.3% p.a.

Fees & Charges

  • ASB/ASB2 Certificate Lien fee of RM50
  • Nominal Stamp Duty of RM10
  • CIMB, short for Commerce International Merchant Bankers, is a local universal bank that was founded in January 2006. 
  • It is the result of the merging of various banks, such as Bian Chiang Bank, Southern Bank Berhad, and Bank Bumiputra Malaysia. 
  • The bank is also a publicly traded government-linked company. It is currently headquartered in Kuala Lumpur and focuses on high-growth ASEAN countries.
  • CIMB bank has products that focuses on many banking sectors: consumer, corporate, investment, Islamic, asset management, and insurance & Takaful. 
  • These different products are managed by their respective entities under the CIMB Group.

The requirements differ depending on what persona loan you are looking at. However, in general, the common requirements are that you must be a Malaysian (or a permanent resident), are aged 18 years old and above, and have been employed for at least 6 months.

The fees and charges will depend on which personal loan you are applying for. However, most of the fees and charges are minimal, such as a 1% p.a. charge on the instalment amounts.

Typically, you will need to provide your latest 3-month payslip, bank statement of salary crediting account, or 3-month EPF statement, or a combination of all the documents.