CIMB Personal Instalment Loan

CIMB Personal Loan

CIMB Personal Loan lets you choose a loan tenure that ranges between one and five years. This flexibility is great regardless of whether you take out a smaller or larger loan.

For those who are looking to get quick cash on hand through a personal loan, the CIMB Personal Loan provides instant loan disbursement. This is subject to the approval of your CIMB Personal Instalment Loan application. Your approved loan amount will be credited into a Singapore dollar-denominated bank account you hold that is specified in your application. 

When applying for a personal loan, one of the charges that you could incur is the processing fee, which tends to be about 1% of your approved loan amount. For example, if you take a S$20,000 loan, you would need to pay S$200 in processing fees. However, with the CIMB Personal Loan, there is no processing fee charged. 

SingSaver Cash Quest Giveaway: Get 3x chances to win S$50,000 cash

• SingSaver Cash Quest Giveaway promotion runs from 6 November 2024, 05:00 PM SGT to 22 December 2024.
• Promotion is valid for new and existing CIMB / HSBC / Standard Chartered / UOB personal loan customers.
• Apply for a loan from participating providers and complete the Rewards Redemption Form to receive 3 Cash Quest Chances.
• Apply for select product bundles to receive an additional 10 Cash Quest Chances on top of existing chances received (capped at 5 bundles).
• Download the SingSaver App and complete a verified login using the same SingSaver account used to apply for an Eligible Product to receive an additional 20 Cash Quest Chances on top of existing chances received.
• Campaign page here for full details.
• Cash Quest Giveaway Promotion Terms and Conditions apply.
• SingSaver General Promotion Terms and Conditions apply.

SingSaver Exclusive Offer: Get up to S$1,599 in cashback & rewards, the highest in the market

• SingSaver Exclusive Offer is valid until 6 January 2025.
• Promotion is valid for new and existing CIMB / HSBC / Standard Chartered / UOB personal loan customers.
• Apply and get approved for a loan from participating providers with a min. value of S$8,000 and min. tenure of 3 years to be eligible for reward.
• Choice of reward varies depending on approved loan amount:
• (S$8,000 – S$14,999): S$150 Cash
• (S$15,000 – S$29,999): S$400 or Apple iPad 10th Gen WiFi 64GB (worth S$499)
• (S$30,000 – S$49,999): S$600 Cash or Dyson Airwrap™ multi-styler and dryer (Complete) (worth S$859)
• (S$50,000 and above): S$1,350 Cash or Apple iPhone 16 Pro 128GB (worth S$1,599)
• Terms and Conditions apply.

Product Page Transparency

• Pays to access additional features

CIMB Personal Loan Features & Benefits

1) Key Features

• CIMB Personal Loan
  - Get up to 8x* monthly income 
  - Receive cash instantly upon approval
  - Enjoy low-interest rates from 2.80% p.a. (EIR from 5.28% p.a.)
  - No processing fee for loan amount of S$5,000 and above
  - Min. income: S$20,000 p.a.
  - For SG/PRs
  *T&Cs apply

2) Eligibility

• Citizenship: Singaporeans and PRs
• Age: 21 - 70 years old
• Annual income for Singaporeans and PRs: Minimum S$20,000 (at least S$120,000 for a loan amount of up to 8x monthly income)
• Annual income for Malaysians (non-PR): Minimum S$30,000

Malaysian customers would also be required to submit the following documents in the application:

• Malaysian NRIC
• Passport (minimum 6 months validity)
• Latest 3 months pay slip
• Foreign Exchange Notice Declaration Form

3) Fees

• Late Repayment Fee: S$100
• Processing Fee: 1% for Loan amount less than S$5,000. Waived for loan amount S$5,000 and above.
• Early Repayment Fee: 3% of the outstanding loan amount or S$250, whichever is higher

4) Application Process

How to apply?

• Fuss-free application
  1. Click "Apply Now" on CIMB Personal Loan Listing
  2. Complete the application via Singpass Myinfo 

Supporting documents

• Copy of NRIC (front and back)
• Past 12 month’s CPF statement or latest Income Tax Notice of Assessment
• Latest computerised payslip