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 x CIMB #UnlockYourDreams: Share your dreams with us and win your share of over S$20,000 worth of prizes

• Promotion is valid for new CIMB customers only
• Apply and get approved for a personal loan via SingSaver with a min. value of S$8,000 and tenure of 3, 4, or 5 years, then submit your participation through our Rewards Redemption Form to be eligible
• Available rewards are specified below
• Promotion is valid from 22 April 2024, 12:00 SGT to 13 June 2024
• Terms and Conditions apply
• For full promo mechanics and details, please visit the campaign page here
• Click here to check out our past Lucky Draw winners!

Hustler Hannah Starter Pack

• 1x winner will receive the "Hustler Hannah Starter Pack" (worth S$5,307.95), which includes:

Apple Macbook Pro 14" M3 Chip (worth S$2,320.25)

Apple iPhone 15 Pro Max 256GB (worth S$2,017.50)

Apple AirPods Pro Gen 2 (worth S$365.70)

Apple Watch Series 9 (worth S$604.50)

• 1x winner will receive the consolation prize of:

Apple iPhone 15 Pro Max 256GB (worth S$2,017.50)

Reno Ryan Home Starter Pack

• 1x winner will receive the "Reno Ryan Starter Pack" (worth S$5,241), which includes:

Samsung 43" The Frame LS03D QLED 4K Art Mode Smart TV (worth S$2,199)

Dyson Purifier Cool™ Air Purifier TP07 (worth S$909)

Dyson V12s Detect Slim Submarine™ Complete (worth S$1,449)

Morning Coffee Machine + 20 Capsules Bundle (worth S$684)

• 1x winner will receive the consolation prize of:

Samsung 43" The Frame LS03D QLED 4K Art Mode Smart TV (worth S$2,199)

Wanderlust Wendy Travel Starter Pack

• 1x winner will receive the "Wanderlust Wendy Starter Pack" (worth S$5,668.60), which includes:

1 pair of Economy Class round-trip tickets to anywhere (worth up to S$3,000)

1 pair of Seedly Travel Insurance Single Trip (worth S$60)

Apple iPad 10th Gen 10.9" WiFi 256GB (worth S$925.90)

Apple Pencil (worth S$202.70)

AirWheel SE3S (worth S$1,480)

• 1x winner will receive the consolation prize of:

AirWheel SE3S (worth S$1,480)

SingSaver Exclusive Promotion: Receive an Apple Macbook Air M2 or Dyson V12s Detect Slim Submarine or Sony PlayStation®5 Disc Edition or Dyson AM07 Tower Fan or up to S$1,200 Cash

• Promotion is valid for new CIMB customers only
• Submit an application for a personal loan with a min. value of S$8,000 and tenure of 3, 4, or 5 years to be eligible for rewards
• Choice of rewards varies depending on loan amount:

(S$8,000 - S$14,999): S$50 Cash via PayNow

(S$15,000 - S$29,999): Dyson AM07 Tower Fan (worth S$459) or S$280 Cash via PayNow

(S$30,000 - S$49,999): Sony PlayStation®5 Disc Edition (worth S$799) or S$600 Cash via PayNow

(S$50,000 - S$79,999): Dyson V12s Detect Slim Submarine™ Complete (worth S$1,449) or S$750 Cash via PayNow

(S$80,000 and above): Apple Macbook Air M2 13" 256GB (worth S$1,613.80) or S$1,200 Cash via PayNow

• Promotion does not stack with welcome offers from CIMB
• Promotion is valid until 31 May 2024
• Terms and Conditions apply

CIMB Personal Loan Promotion: Enjoy 2.80% p.a. flat interest rate (EIR from 5.28% p.a.)

• Promotion is valid for new CIMB personal loan customers only
• Apply for a CIMB Personal Loan with min. amount of S$30,000 and tenure of 3 to 5 years and receive approval by 30 May 2024 to be eligible for lowered interest rates
• Promotion is valid until 31 May 2024
• Terms and Conditions apply

Product Page Transparency

• Pays to access additional features

CIMB CashLite 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 3.38% p.a. (EIR 6.32% 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
• Minimum income requirement: S$30,000

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