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.
|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))
|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|
|Nationality Criterion||Malaysian citizen|
|Income Criteria||As per the bank’s discretion|
Additional Documents Required For CIMB Home Loan PR1MA Sheme:
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.
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.
Overseas Mortgage Loan, Home Loan, HomeFlexi and My First Home Scheme can fetch customers refinancing opportunities on their pre-existing home loan schemes.
A customer or applicant can reach to the consumer contact centre through the hotline number of the CIMB: 603 6204 7788.
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.