CIMB Personal Loan

    CIMB is one of the more popular banks in Malaysia which offers a wide variety of banking products that are comprehensive and holistic. The bank caters to commercial banking, consumer banking, investment banking, and wealth management services. CIMB offers both, conventional and Islamic banking products to its wide consumer base. Among its credit products, personal loans are a popular choice due to the numerous packages they come in and the convenience they offers. The personal loan products from CIMB are ideal for borrowers looking for extra finance to bridge the gap between their expenses and income.

    Compare Personal Loan by CIMB Bank

    CIMB offers 3 main types of personal loan packages which are as follows:

    1. Credit Line Secured Overdraft: The overdraft facility provided by CIMB allows existing current account holders to withdraw additional funds as and when required. The withdrawal process is quick and hassle-free. The facility is offered to those current account holders who have pledged some form of collateral to the bank. Collateral accepted can be CIMB unit trusts and fixed deposits or CIMB structured products or FRNID (floating rate negotiable instruments of deposit) or an accepted external unit trust. The collateral should have a minimum value of RM10,000.
    2. ASB Financing: This loan is designed to help borrowers purchase ASB units and help them grow their wealth. The loan is offered as a term loan facility and can be used for the purchase of either ASB or ASB2 units. The loan offers one of the highest tenures available with a minimum tenure of 5 years, and up to 30 years or when the borrower attains the age of 65. The loan also provides up to 100% of financing margin required. The loan is available for all ASB investors aged 18 years and above.
    3. Cash Plus Personal Loan: This loan is designed for cash consumption and has no specific purpose, allowing borrowers to utilise the money borrowed in any way deemed necessary. The package comes with high loan amounts that allow borrowers to acquire a minimum loan amount of RM2,000 to a maximum amount of RM100,000 or 8 times that of their gross monthly income, whichever is lower. The loan offers tenures ranging from a minimum of 1 year to a maximum of 5 years and is available for salaried and self-employed applicants.

    Interest Rates for CIMB Personal Loan

    • Credit Line Secured Overdraft:
    Type of Overdraft Segment Interest rate
    Personal overdraft secured by Fixed Deposit Private Banking, Preferred Banking, Prime Banking, or for Mass Market BR + 0.85% p.a.
    Personal overdraft secured by multiple collateral For Preferred Banking and Prime Banking BR + 1.35% p.a.
    Personal overdraft secured by Amanah Saham Bumiputera (ASB) Private Banking, Preferred Banking, Prime Banking, or for Mass Market BR + 1.35% p.a.
    • ASB Financing:

    BR + 1.30% p.a. fixed throughout the loan tenure. The BR as of 22 July 2016, stands at 3.90%.

    • Cash Plus Personal Loan:
    Nature of employment Amount borrowed Fixed rate of interest Effective lending interest rate
    Salaried RM2,000 to RM 100,000 14.66% p.a. 24% p.a.
    Salaried RM50,000 to RM100,000 8.20% p.a. 14.50% p.a.
    Salaried RM20,000 to less than RM50,000 10.88% p.a. 18.62% p.a.
    Self-employed RM2,000 to less than RM20,000 14.66% p.a. 24% p.a.

    Features and Benefits

    The following are the features and benefits:

    • The loans are available in both, conventional and Islamic formats.
    • The loans have flexible tenures ranging from 1 to 5 years for cash consumption loans and up to 30 years for ASB financing loans.
    • The loan packages come in both, unsecured and secured packages. Secured packages require a collateral of a minimum of RM10,000 or need to be secured with an ASB/ASB2 certificate.
    • Loan amounts offered range from a minimum of RM5,000 to a maximum of RM100,000 depending on the loan borrowed. Loans such as the ASB financing loans offer loan amounts of up to 100% of the financing margin.
    • The packages come with floating or fixed rates of interest.

    Fees and Charges

    Fee Type Amount
    Stamp duty fee on letter of offer RM10 for each letter of offer not inclusive of GST
    3rd party MOD stamping fee if applicable (Credit line secured overdraft facility) RM10
    ASB/ASB2 certificate Lien Fee RM53 payable to ASNB
    Stamp duty fee (ASB Financing/Term Financing-i secured by ASB certificate) RM10
    Late payment fee (Cash Plus personal loan) 1% of overdue instalment amount
    Stamp duty (Xpress Cash Financing-i) 0.5% of approved financing amount
    Compensation/Ta’widh (Xpress Cash Financing-i) 1% on overdue instalment amount


    Borrowers who apply for the CIMB Cash Plus personal Loan can get a cashback of up to RM100 on their first instalment.

    Promo mechanics:

    • The borrower must be a Malaysian citizen who has attained a minimum age of 21 years. The loan should be applied for on the CIMB bank website during the promotion campaign period that starts from 1 November 2017 and ends on 31st January 2018.
    • The cashback earned is credited within 8 weeks from the end of the campaign period to the borrower’s CIMB savings account or current account, whichever is the account the loan amount was disbursed to.

    Eligibility Criteria

    • Nationality criterion: The borrowers must be Malaysian citizens or permanent residents. The ASB Financing is available only to Malaysian citizens.
    • Age criteria:
      • Minimum age – 21 years
      • Maximum age – up to 70 years for Credit Line Secured overdraft, up to 65 years for ASB Financing, 58 years for Cash Plus Personal Loan, and 60 years for Xpress Cash Financing-i.
    • Income criteria:
      • Citizens and Permanent Residents – Minimum monthly income of RM2,000 for cash Plus personal Loan. For the Credit Line Secured facility the collateral should have a minimum value of RM10,000. ASB Financing secured by ASB Certificate will use the ASB certificate as collateral.

    What documents do I need to prepare for CIMB Personal Loan?

    Salaried applicants:

    • A copy of the applicant’s NRIC/MyKad
    • For loans that require collateral, the original copy of the collateral or certificate
    • A copy of the most recent 1 months’ payslip
    • A copy of the latest EPF statement or Form BE and LHDN payment receipt
    • A copy of the bank statement for the most recent 3 months
    • Variable income earners should provide 3 months’ payslips, 3 months’ Bank statement and the latest EPF statement

    Self-employed applicants:

    • A copy of the applicant’s MyKad/NRIC
    • For loans that require collateral, the original copy of the collateral or certificate
    • A copy of the Business Registration Certificate
    • A copy of the most recent EPF statement or,
    • A copy of the most recent Form BE AND LHDN payment receipt or,
    • A copy of the latest 6 months’ bank statements


    Bbazaar.my has a personal loan calculator page that is very helpful in estimating how much the monthly instalment may come up to if the applicant decides to take a loan from CIMB, the calculator will require certain parameters such as desired loan amount to be availed, the interest rates and the desired tenure. Based on these parameters, the calculator will then display the monthly instalments for the personal loan. The calculator is a helpful tool as it will give the aspiring borrower a chance to figure out how to plan their monthly finances around the instalment.

    How to apply for CIMB Personal Loan?

    Borrowers can download the application form available on the bank website. The bank also provides an instalment calculator to help estimate monthly instalments. Once completed, the form can either be submitted online along with the supporting documents or can be handed over at the closest CIMB branch for processing.

    Borrowers can also visit their nearest CIMB branch to initiate the loan application process. They will be given an application form and are required to submit the duly filled form along with the supporting documents. For enquiries and assistance, borrowers can contact the bank through their customer care number at 603 6204 7788 for local calls and 603 2295 6100 for overseas calls.


    Q. What is the margin of financing offered by Credit Line Secured Overdraft?

    A. The Credit Line Secured Overdraft offers a 95% margin of financing.

    Q. How is interest charged on the Credit Line Secured Overdraft facility?

    A. The interest is charged only on the amount utilised and is calculated using the following formula:

    Outstanding balance X interest rate X number of days/365 where interest rate is BR + 0.85% p.a. or an EIR of 4.75% p.a.

    Q. Is there an early-settlement fee involved for Credit Line Secured Overdraft?

    A. No. The amount borrowed can be paid as early as the borrower wishes to.

    Q. What is the maximum loan amount available under ASB Financing?

    A. Borrowers can get a maximum loan amount of up to RM200,000 under ASB Financing.

    Q. Can a borrower provide any external collateral when acquiring ASB Financing?

    A. No. The borrower need not provide any other form of collateral. The ASB units certificate itself will be used as collateral until the loan has been fully repaid.

    Q. What happens if a borrower settles the ASB Financing loan prior to maturity date of 30 years?

    A. There is no early settlement fee for the ASB Financing and borrowers can settle the loans as early as they please.

    Q. Can a borrower settle a Cash Plus Personal Loan early?

    A. Yes. A borrower may settle the loan earlier than the specified tenure provided they notify CIMB in writing at least one month prior to settlement of the loan.

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