Summary of CIMB CashLite Personal Loan 2023

CIMB CashLite lets you choose a loan tenure that ranges between one and five years. This flexibility is great regardless of whether you're taking out a smaller or larger loan.

For those looking that are looking to get quick cash on hand through a personal loan, the CIMB CashLite personal loan provides instant loan disbursement. This is subject to the approval of your CIMB CashLite 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 CashLite personal loan, there is no processing fee charged. 

Exclusive Rewards

SingSaver Exclusive Promotion: Receive an Apple iPad Air 5th Gen 256GB Wifi (SS$1,109.25) / Apple AirPods Max (worth $806.45) / Dyson Omni-glide (worth S$699) / Apple Bundle: AirPods Gen 3 + MagSafe Charger (worth $331.05) / S$1,020 Cash via PayNow

Promotion Criteria:

• Applicable to New Customers

• Submit an application for a personal loan and get approved to be eligible for the following:

Loan amount of S$8,000 - S$14,999: Get S$50 Cash via PayNow

Loan amount of S$15,000 - S$29,999: Get a Apple Bundle: AirPods Gen 3 + MagSafe Charger (worth $331.05) or S$240 Cash via PayNow

Loan amount of S$30,000 - S$49,999: Get a Dyson Omni-glide (worth S$699) or S$520 Cash via PayNow

Loan amount of S$50,000 - S$79,999: Get Apple AirPods Max (worth $806.45) or S$720 Cash via PayNow

Loan amount of >S$80,000: Get Apple iPad Air 5th Gen 256GB WiFi (worth S$1,109.25) or S$1,020 Cash via PayNow

• Valid till 2 July 2023

• Terms and Conditions. Click here

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CIMB CashLite Personal Loan Features & Benefits

1) Key Features

• New customers enjoy lower interest rates of 3.0% p.a (EIR 5.64% p.a – 6.60% p.a) with loan tenure from 1 to 5 years & cashback promotion of up to S$1,000 upon CashLite approval, based on approved loan amount and tenure
• Existing CIMB customers enjoy rates of 4.5% p.a (EIR 8.21% p.a – 8.41% p.a)with loan tenure from 1 to 5 years
• No processing fees
• Instant loan approval for existing CIMB credit card holders. New customers will received a CIMB Visa Signature to facilitate the loan 

2) Eligibility

• Citizenship: Singaporeans and PRs
• Age: 21 years old and above
• Minimum income requirement: S$30,000

3) Fees

• Late payment fee: S$100
• Early termination fee: 3.0% of outstanding principal amount or $250, whichever is higher
• Processing fee: S$0

4) Application Process

How to apply?

• Apply online: Head to CIMB’s website. Enter promotional code: “CASHLITE” in the online application form 
• Apply via SMS: SMS ‘CASHLT<space>Web<space>Full Name (e.g CASHLT Web John Lee) to 72008
• Apply via phone: Fill in your particulars and contact details in this form and enter “CASHLITE” in the Message field

Supporting documents

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