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 #888FortuneFunds Campaign: Get S$888 Bonus Cash

• SingSaver #888FortuneFunds promotion runs from 16 January 2025, 9:00 AM SGT to 23 January 2025.
• Promotion is valid for new and existing CIMB / Trust Bank / UOB personal loan customers only.
• Be the first applicant at 12pm every day during the campaign period to take a min. loan of S$30,000 on participating products on SingSaver to receive S$888 cash bonus.
• Reward will be received on top of existing SingSaver promotional rewards.
• Terms and Conditions apply.

SingSaver Sure Win, Sure Huat: Get 1x Red Packet worth up to S$8,888

• SingSaver CNY Sure Win, Sure Huat promotion runs from 8 January 2025, 9:00 AM SGT to 26 January 2025.
• Promotion is valid for new and existing CIMB personal loan customers only.
• Apply for participating products on SingSaver during the promo period to win 1x Red Packet worth up to S$8,888!
• Red Packet may be opened on Chinese New Year, from 27 January 2025 to 12 February 2025.
• Red Packet reward will be received on top of existing SingSaver promotional rewards.
• Terms and Conditions apply.
• SingSaver General Promotion Terms and Conditions apply.

SingSaver Exclusive Promotion: Get up to S$1,599 in cashback & rewards

• Promotion is valid until 26 January 2025.
• Promotion is valid for new and existing CIMB personal loan customers.
• Apply and get approved for a CIMB Personal Loan with a min. amount of S$8,000 and min. tenure of 3 years to be eligible for rewards.
• Choice of reward varies depending on approved loan amount:
• (S$8,000 – S$9,999): S$108 Cash via PayNow
• (S$10,000 – S$14,999): S$208 Cash via PayNow
• (S$15,000 – S$19,999): S$408 Cash via PayNow or Nintendo Switch OLED (worth S$549)
• (S$20,000 – S$29,999): S$508 Cash via PayNow or Apple Watch Series 10 GPS 46mm (worth S$639)
• (S$30,000 – S$49,999): S$708 Cash via PayNow or PlayStation®5 Disc Edition (worth S$799)
• (S$50,000 and above): S$1,358 Cash via PayNow or Apple iPhone 16 Pro 128GB (worth S$1,599)
• Terms and Conditions apply.

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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