CIMB Cash Plus Personal Loan is a conventional financial product offered by CIMB. This loan offers flexible repayment options and loan amounts starting from RM2,000.
|Type of employment||Loan Amount||Profit Rate||Effective profit rate|
|Salaried Employee||RM50,000 to RM100,000||8.20% p.a.||14.5% p.a.|
|Salaried Employee||RM20,000 to RM50,000||10.88% p.a.||18.62% p.a.|
|Salaried Employee||RM2,000 to RM20,000||14.66% p.a.||24% p.a.|
|Self-employed professional||RM2,000 to RM100,000||14.66% p.a.||24% p.a.|
The following are the benefits and features of the CIMB Cash Plus Personal Loan:
|Fee type||Fee details|
|Handling and disbursement fee||No charge is applicable|
|Stamp Duty||It will be calculated as per the Stamp Duty Act 1949.|
|Early settlement fee||No charge|
|Advance Payment||There is no advance payment necessary|
The following are the eligibility requirements for CIMB Finance:
The following documents are necessary to apply for the loan:
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.