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

• Promotion is valid until 23 February 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$120 Cash via PayNow
• (S$10,000 – S$14,999): S$180 Cash via PayNow
• (S$15,000 – S$19,999): S$300 Cash via PayNow or Nintendo Switch OLED (worth S$549)
• (S$20,000 – S$29,999): S$400 Cash via PayNow or Apple Watch Series 10 GPS 46mm (worth S$639)
• (S$30,000 – S$49,999): S$900 Cash via PayNow or PlayStation®5 Disc Edition (worth S$799)
• (S$50,000 and above): S$1,250 Cash via PayNow or Apple iPhone 16 Pro 128GB (worth S$1,599)
• Terms and Conditions apply.

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• 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