Cash woes? A personal loan to the rescue!

    CIMB Cash Plus Personal Loan

    CIMB Cash Plus Personal Loan is a conventional financial product offered by CIMB Bank. This loan offers flexible repayment options and loan amounts starting from RM2,000.

    Interest Rates

    Loan Amount Loan Tenure Minimum Income Interest Rate
    From RM2,000 to whichever is lesser between RM100,000 or up to 8 times your monthly gross income Up to 5 years RM2,000 monthly (including basic and fixed income) Effective Lending Rate (ELR) of 12.31% p.a. to 24.51% p.a. (based on your type of employment) Fixed interest rate of 6.88% p.a. to 14.88% p.a. (based on type of employment)
    Personal Loan Interest Rates 2019


    Effective Rate From 12.31% p.a. to 24.51% p.a.
    Minimum Loan Amount RM2,000
    Maximum Loan Amount RM100,000
    Loan Tenure Up to 5 years
    Islamic/Conventional Conventional
    Debt Consolidation NA
    Takaful/Insurance Coverage Yes. Up to RM25,000
    Approval Duration NA
    Government Servant? NA

    Additional Features and Benefits

    The following are some of the additional benefits of CIMB Cash Plus Personal Loan: 

    • The loan is an unsecured product and does not require the borrower to have a guarantor or put up any form of collateral. 
    • The interest rate starts from as low as 6.88% p.a. (flat rate). 
    • The product comes with insurance coverage of up to RM25,000. This amount will be written off by the bank in the event of the customer's death during the loan tenure. 
    • You won’t be charged any processing fees, early settlement fees, or stamp duty.  
    • The loan doesn’t come with a lock-in period. 
    • The minimum loan amount is RM2,000. The maximum loan amount is RM100,000 or 8 times your monthly gross income, whichever is lower. 
    • The application and loan disbursal processes are simple and quick. 
    • You can get the loan approved the next day, subject to completion of application submission via CIMB Bank's official website, excluding weekends and public holidays. 
    • Both salaried professionals and self-employed applicants can apply for the loan. 
    • The loan comes with flexible repayment tenures starting from 1 year up to 5 years. 
    • The loan is only for individual applicants, who are employed for more than 6 consecutive months. For self-employed applicants, the business has to be active for more than 2 years. 
    • You can get an RM150 PETRONAS voucher promo when you apply for this loan via the bank's official website. The promotion is valid until 31 January 2019. 

    Fees and Charges

    Stamp Duty Charges RM10


    Early Settlement Charges Nil
    Late Payment Charges 1% p.a. on instalment sum that is in arrears from the overdue date
    Personal Loan Fees & Charges from Various Banks in Malaysia

    Eligibility Criteria

    The following are the eligibility requirements for CIMB Finance:

    Nationality Criterion Malaysian citizen
    (Only individual applicants)
    Age Requirement

    Minimum age: 21 years

    Maximum age: 58 years


    Minimum 6 consecutive months of completed employment is necessary for a salary earning applicant

    For self-employed individuals, business should be active for more than 24 months

    Minimum Income Requirement Fixed monthly income of RM2,000 (including basic and fixed income)
    Guarantor/Collateral Requirement Not required
    Should I have a linked bank account? NA
    • You must be a Malaysian citizen to be eligible for the loan.
    • Joint application is not allowed for this loan. You must apply as an individual only.
    • You need a minimum monthly income of RM2,000.
    • The minimum age at the time of application must be 21 years.
    • The maximum age should not exceed 58 years at the end of the loan tenure.
    • You must be employed with the current employer for a minimum period of 6 months.
    Know More About Personal Loan Eligibility

    What Documents Do I Need to Prepare for CIMB Cash Plus Personal Loan?

    The following documents are necessary to apply for the loan:

    Salaried Applicants Fixed Income earner (basic only) Variable Income Earner (including basic and allowances)
    For applicants employed at:
    • Multinational Company
    • Public Listed Company
    • Government Linked Company
    • Latest salary slip (for 1 month) or
    • Latest EPF statement (with minimum contribution of 6 months)
    • Latest salary slips (for 3 months) or
    • Latest EPF statement (with minimum contribution of 6 months)
    For other employers
    • Latest salary slips (for minimum 3 months)
    • Latest bank statement for salary crediting (for 3 months) or
    • Latest EPF statement (with minimum contribution of 6 months)
    • Latest salary slips (for minimum 3 months)
    • Latest bank statement for salary crediting (for 3 months) or
    • Latest EPF statement (with minimum contribution of 6 months)

    Self-employed Applicants Income Related Documents
    • Partnership
    • Sole Proprietor
    • Private Limited Company (Sdn Bhd)
    • Latest company bank statements (for minimum 6 months) and
    • Business registration certificate, or
    • LHDN payment receipt and
    • Latest Form B, or
    • E-filing acknowledgement receipt and
    • Latest e-Form B

    How to Apply for this Loan?

    • Offline Applications: You can apply for the loan by visiting the nearest CIMB branch. You will have to fill up the application form and present it with all the necessary supporting documents. You could also call CIMB Bank on its customer care numbers and have any queries regarding the application process answered.
    • Online Application: You can also fill up the form online and submit the required documents in person. Once the bank receives your documents, the loan approval process will commence and a bank representative will contact you.
    Also Check Top 5 Personal Loans 2019


    Q. I am a permanent employee for a private organisation. What is the maximum amount that I can borrow using this loan?

    A. The maximum amount that you can borrow from the bank is 8x your monthly income or RM100,000 whichever is lesser.

    Q. What happens after I have submitted the form and the required documents?

    A. All the copies of your documents will be checked by CIMB and if you have provided all required documents and meet the eligibility criteria of the loan, your application will be verified and approved and the loan amount will be disbursed to your account.

    Q. Do I need a guarantor for this personal loan?

    A. No, you will not require a guarantor or provide any collateral to be eligible for this personal loan.

    Q. Can I settle the amount before it matures? What charges do I have to bear in such cases?

    A. The bank will not charge an early settlement fee if you choose to settle early. You will have to provide the bank with one month written notice in-case you choose to settle early.

    Q. In case of the death of borrower before during the loan duration will the bank waive of any amount?

    A. If the borrower dies during the repayment period the bank will waive off the remaining loan amount. The maximum amount that can be waived is RM25,000.

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