Enjoy the flexibility to make additional payments, whenever you want, with the HomeFlexi loan from CIMB Bank. Apply for CIMB HomeFlexi loan and make extra payments to clear your loan quickly. You can withdraw the advance payments if required. The process to get this loan is quite simple and hassle-free.
|Margin of Financing||Up to 90%|
|Type of Financing||Flexi|
|Loan Tenure||Up to 35 years or 70 years of age ( whichever is earlier)|
|Interest Rate||Base Rate + 1.05% p.a to Base Rate + 1.45% p.a. (depending on the loan amount)|
Note: Base Rate is 4.15% p.a., as specified on the CIMB website, effective from 2 February 2018.
|Monthly Service Charge||RM10|
|Monthly Flexi Charge||RM40|
|Secured OD||1% p.a. on the amount which is not utilised for OD facility of RM250,000 and more|
|Letter of Confirmation for EPF Withdrawal||RM20 per withdrawal request|
|Late Payment Charges||1% p.a. of the outstanding amount|
|Age Requirement||18 years and above|
|Application type||Documents Required|
With CIMB HomeFlexi, you have the flexibility of paying and withdrawing additional payments. Whenever you make an additional payment, it will be used to pay off the principal loan amount. You can enjoy this loan up to 35 years, and also get an additional GMTA cover.
Q. What is the base rate?
A. Base rate is the rate at which banks in Malaysia can determine the rate of interest. For CIMB Bank, the base rate is currently at 4.15% p.a.
Q. My house is under construction. Will I be able to apply for the CIMB HomeFlexi loan?
A. Yes. The loan is available for both completed properties, and properties under construction.
Q. Will I be charged any commitment fees?
A. No. You don't have to pay any commitment fees.
Q. Do I get any special benefits as a CIMB Prime Banking customer applying for the loan facility?
A. Yes. As a CIMB Prime Banking customer, you will get the following benefits:
Q. Will I get financing for legal and valuation charges?
A. Yes. You will get up to 5% financing for Legal/Valuation/GMTA.