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CIMB CashLite Personal Instalment Loan
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CIMB CashLite Personal Instalment Loan (1 Year Tenure)
6.40%
EFFECTIVE INTEREST RATE
3.50%
FLAT INTEREST RATE
$0
PROCESSING FEE
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CIMB CashLite Personal Loan Review 2021
- 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.
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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
Contact us at [email protected] should you require any assistance or spot any inaccuracies.