• Home Loan BYTES FROM OUR KITCHEN

    CIMB Home Loan

    CIMB offers an array of home loan packages to the customers that provide competitive interest rates and convenient tenures. The packages are available for a range of properties and come with features such as high margin of financing and excess payment facilities.

    Housing Loan Schemes by CIMB

    Interest/Profit Rates

    Financing Amount Interest Rate (p.a.) Effective Interest (p.a.)
    Lesser than RM200,000 BR + 1.45% 5.35%
    RM200,000 to RM350,000 BR + 1.35% 5.25%
    RM350,000 to RM500,000 BR + 1.15% 5.05%
    More than RM500,000 BR + 1.05% 4.95%

    (Current Base Rate is 3.90% (This is effective from 22nd July 2016))

    Fees & Charges

    CIMB Home Loan Fees and Charges
    Set-up Fee Up to RM212.00 (waived for some schemes)
    Monthly Service Fee Up to RM10.60
    Redraw Fee (for each transaction made) RM25
    Processing Fee RM212 (only for select schemes)
    Late Payment Fee 1% p.a. of the unsettled amount
    Stamp Duty Charges As per the Stamp Duty Act 1949 (Revised in 1989)
    Letter of Confirmation for EPF Withdrawal RM21.20
    Request for issuing the Redemption Statement RM53

    Eligibility Criteria

    Nationality Criterion Malaysian citizen
    Age Criteria
    • Minimum age: 18 years
    • Maximum age: Up to 70 years (depending on the scheme/plan)
    Income Criteria As per the bank’s discretion

    Documents Required

    Salaried Applicant:

    • Copy of NRIC
    • Latest 3 months' salary slips
    • EA form/EPF statement (last 2 years)
    • Sales and Purchase Agreement/Booking receipt from developer

    Self-employed Applicant:

    • A copy of NRIC
    • Latest 3 months' salary slips
    • EA form / EPF statement (last 2 years)
    • Sales and Purchase Agreement/Booking receipt from developer
    • Business registration A&D
    • Last 3 months’ bank statements

    Additional Documents Required For CIMB Home Loan PR1MA Sheme:

    • A valid Offer To Purchase (OTP) letter from Perbadanan PR1MA Malaysia (PR1MA)
    • Property purchase price of RM100, 000 to RM400, 000 for SPEF Scheme

    Types of CIMB Home Loans

    • Home Loan: This is a conventional term loan that comes with flexible loan tenure and zero processing fee. A loan is provided for both completed and under construction residential properties through this scheme.
    • HomeFlexi: The loan scheme for completed and under construction residential properties also offers Group Mortgage Term Assurance to its customers. Excess payment facility is also facilitated with this scheme.
    • HomeFlexi Smart: The home loan comes with the feature of prepayment and withdrawal of excessive prepayment at any time. Moreover, extra setup and maintenance fees are not charged to a customer.
    • My First Home Scheme: The home loan scheme exclusively caters to the young adults, single or married, who are looking to own their own home. Margin of financing offered under this scheme is up to 100%.
    • Vacant Land Flexi Smart: The loan scheme is applicable for the purchase of residential, commercial, industrial or agricultural vacant lands. The scheme provides a margin of financing of up to 90% (for residential land), up to 70% (for commercial and industrial land) and up to 60% (for agricultural land). Moreover, flexible loan tenures are offered for the Vacant Land Flexi Smart scheme ranging from 5 to 30 years, according to the type of property being purchased.
    • Overseas Mortgage Loan: The home loan scheme that also gives refinancing facility is exclusively for those who are looking to buy a property overseas. The scheme provides mortgage loans for properties in Malaysia, United Kingdom, and Australia.
    • Home Loan for PR1MA Homes: The 1Malaysia People’s Housing (PR1MA) programme offers fully financing for constructed or under construction housing properties. The margin of financing offered for the scheme is up to 100% plus 5% for GMTA, stamp duties and legal fees.

    Features & Benefits

    • CIMB offers home loans to the customers for properties which are completed, under construction, residential, industrial and agricultural lands etc.
    • The margin of finance offered for various home loan schemes extends up to 100%.
    • A CIMB home loan also gives its customers funding for Group Mortgage Term Assurance.
    • The tenure offered for the schemes range up to 35 years or until the customer completes 70 years of his/her age.
    • Moreover, the CIMB Prime Banking customer can earn 0.1 Bonus point for every RM1 financed to him/her along with a preferential rate over the loan schemes.

    How To Apply

    A customer can make an application for the CIMB Home Loan schemes by following methods:

    Offline Application: Applicants need to visit to the nearest branch of the CIMB and collect the application form for the home loan. They then can fill the form and attach all required documents to it before submitting it to the customer service agents at the bank.

    Online Application: Applicant can find the application form for the CIMB Home Loan on the official website of the bank. On completing the name and contact details column, the application can be submitted through the website. The bank representatives will guide a customer for further documents submission and other procedures.

    Calculator

    If a customer wishes to calculate the monthly instalment, they can visit the official website. He/she can obtain the value of their monthly payments after filling the financing amount, tenure and profit rate.

    CIMB Home Loan Refinancing

    Overseas Mortgage Loan, Home Loan, HomeFlexi and My First Home Scheme can fetch customers refinancing opportunities on their pre-existing home loan schemes.

    Contact Number

    A customer or applicant can reach to the consumer contact centre through the hotline number of the CIMB: 603 6204 7788.

    FAQ's

    Q. While obtaining the Vacant Land Flexi Smart loan scheme, do I need to pay any redraw charges?

    A. Yes. Irrespective of the amount you are withdrawing, you will have to pay RM25 for each transaction you conduct via OTC or the branch.

    Q. What is the current Base Rate for the CIMB?

    A. The current BR for the bank is 3.90% which is effective from 22nd July 2016.

    Q. What are the loan schemes offered by the bank exclusively for the business or commercial properties?

    A. BizLoan, BizFlexi, BizFlexi Smart, and BizExtra are the loan schemes offered by the CIMB that deals with the commercial or business properties.

    Q. What are the features of the Special PR1MA End Financing (SPEF) Package?

    A. The margin of financing obtained through the Special PR1MA Financing (SPEF) is up to 110% where, up to 10% funding is provided for stamp duties, legal fee and GMTA.

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