CIMB CashLite Personal Instalment Loan Reviews and Comparison - Seedly
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CIMB CashLite Personal Instalment Loan

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Personal Loans/CIMB CashLite Personal Instalment Loan
Personal Loans/CIMB CashLite Personal Instalment Loan

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Plans (5)

Slide 1 of 5
  • CIMB CashLite Personal Instalment Loan (1 Year Tenure)

    6.40%
    EFFECTIVE INTEREST RATE
    3.50%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • CIMB CashLite Personal Instalment Loan (2 Year Tenure)

    6.58%
    EFFECTIVE INTEREST RATE
    3.50%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • CIMB CashLite Personal Instalment Loan (3 Year Tenure)

    6.60%
    EFFECTIVE INTEREST RATE
    3.50%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • CIMB CashLite Personal Instalment Loan (4 Year Tenure)

    6.58%
    EFFECTIVE INTEREST RATE
    3.50%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • CIMB CashLite Personal Instalment Loan (5 Year Tenure)

    6.54%
    EFFECTIVE INTEREST RATE
    3.50%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE

    CIMB CashLite Personal Instalment Loan (1 Year Tenure)

    6.40%
    EFFECTIVE INTEREST RATE
    3.50%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE

Details

CIMB CashLite Personal Loan Review

  • Low fixed interest rate from 3.50% - 4.50%p.a.,
  • Effective Interest Rates (EIR) at 6.40% - 8.41%p.a.
  • New To Bank applicants get to enjoy 3.50% p.a., with an EIR of up to 6.60% p.a.
  • Existing to Bank customers get 4.50% p.a. with EIR from 8.21% p.a.
  • Flexible repayment periods from 1 year - 5 years
  • Hassle-free approval process for instant cash loan
  • Minimum loan amount of S$1,000
  • Minimum annual income requirement of S$30,000
  • CIMB Cashlite offers the lowest flat interest rate for personal loans in Singapore, at a low 3.50%p.a. However, this rate is only applicable to new-to CIMB customers.
  • For existing CIMB customers, Cashlite might not be the best personal loan option for them

CashLite is a personal loan scheme offered by CIMB Singapore, for easier access to cash loans.

Read More about CIMB CashLite Personal Instalment Loan
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Interest Rates for CIMB CashLite Personal Loan

CIMB CashLite promotional interest rates are available until 15 July 2020

Tenure (years)

Flat Interest Rate (p.a.)

Effective Interest Rate (p.a.)

1

3.5%

6.40%

2

3.5%

6.58%

3

3.5%

6.60%

4

3.5%

6.58%

5

3.5%

6.54%

the loan amount eligible for promotion must be capped at 70% of your credit limit, with a minimum loan amount of S$1,000

Features: Pros and cons of CIMB CashLite Personal Loan

  • Low fixed interest rate from 3.50% - 4.50%p.a.,
  • Effective Interest Rates (EIR) at 6.40% - 8.41%p.a.
  • Flexible repayment periods from 1 year - 5 years
  • Hassle-free approval process for instant cash loan
  • Minimum loan amount of S$1,000
  • CIMB Cashlite offers the lowest flat interest rate for personal loans in Singapore, at a low 3.50%p.a.

  • For existing CIMB customers, CashLite might not be the best personal loan option for them
  • CashLite is also not opened to foreigners
  • More details on CIMB CashLite Personal Loan here.

Other Fees: what else to look out for?

  • Minimum monthly repayment: 3% of the outstanding balance
  • Late payment fee: S$100
  • Early Termination fee: 3% of outstanding principal amount (or S$250, whichever is higher)
  • Annual fee: None

Eligibility: who can apply for CIMB CashLite Personal Loan?

  • Singaporeans and PR
  • 21 years old and above
  • A minimum annual income of S$30,000

Contact CIMB Singapore

Tel: +65 6333 7777
Address: 50 Raffles Place #01-02,  Singapore Land Tower, Singapore 048623