• CIMB Vacant Land Flexi Smart-i

    CIMB Vacant Land Flexi Smart-i

    CIMB Vacant Land Flexi Smart-i is a financing scheme offered by CIMB Bank that helps you buy vacant residential properties. This financing package comes with a flexibility of repayments and helps you save maximum amount on the profit paid on the outstanding amount.

    Margin of Financing Up to 85% of the property’s valuation
    Financing Tenure Up to 30 years
    Type of Properties Covered Residential vacant lands
    Type of Loan Flexi
    Profit Rate (BR* + 1.05)% p.a. to (BR + 1.45)% p.a.

    *BR = Base Rate, that is currently 4.15% p.a.

    Features and Benefits

    • Obtain a high margin of financing for purchases of vacant residential lands.
    • Enjoy flexible repayments according to your convenience.
    • Choose the repayment tenure from a range of tenures available that can be extended to a maximum of 30 years.
    • Make prepayments via CIMB Clicks and at the bank’s branch any time.
    • Withdraw from the payments made with this facility any time at affordable rates on interest.
    • Obtain financing of 5% additional to your financing margin in the form of GMRTT (Group Mortgage Reducing Term Takaful).
    • Enjoy processing fee waiver with this financing scheme.

    Fees and Charges

    Stamp Duty Charged as per the Stamp Duty Act 1949:
    • Letter offer: RM10.
    • Principal document: RM5 will be charged per RM1,000.
    • Security document: RM10.
    • Standing instruction: RM10.
    Letter of Confirmation for EPF Withdrawal RM20 per request.
    Processing Fee for EPF Withdrawal RM50 per request.
    Redemption Statement RM50 per request.
    Late Payment Charges (during the tenure) 1% of the total amount of overdue monthly payment.
    Late Payment Charges (after the term’s maturity) IIMM% (Islamic Interbank Money Market) of the total due amount charged on a daily basis.


    Age Requirement At least 18 years at the time of application.

    Documents Required

    Applicant Type Documents Required
    Salaried Applicants
    • One copy of NRIC.
    • Sales and purchase agreement or booking form from the developer.
    • Salary slips for the last 3 months.
    • Recent EPF statement, or
    • Last 3 months’ bank statement depicting the salary crediting.
    Self-employed Applicants
    • One copy of NRIC.
    • Sales and purchase agreement or booking form from the developer.
    • One copy of business registration.
    • Recent form B with the tax payment receipt.
    • Business’ bank statement for the last 6 months.

    How to Apply

    Online Application
    • Visit the official website of CIMB Bank.
    • Select the financing product.
    • Click on ‘Let Us Call You’.
    • Submit the required details, like your name, contact number, and property types and address.
    • The bank will contact you.
    Offline Application
    • Visit your nearest CIMB branch.
    • Apply for the package.
    • Fill up the application form all the required details.
    • Submit the supporting documents along with the duly filled application form.

    You can obtain financing for the purchase of a vacant residential land by applying for the CIMB Vacant Land Flexi Smart-i. The financing package comes with an option to redraw the repayments made and lets you make payments according to your affordability and convenience. You can get high margin of financing with this facility at competitive profit rate.


    Q. What are the charges I have to bear when I opt for the redraw facility?

    A. If you wish to withdraw from the facility at any CIMB branch, you will be charged with a fee of RM25 per withdrawal. Whereas, the withdrawals made via CIMB Clicks will charge you with an amount of RM10 per withdrawal.

    Q. What is the maximum allowed age of this financing facility?

    A. You are eligible for the facility if you are 18 years old or older and do not exceed the age of 70 years before the facility reaches its maturity.

    Q. Is it necessary for me to bring a guarantor to the CIMB Vacant Land Flexi Smart-i application process?

    A. The bank may ask you to be accompanied with a guarantor to the process of application after performing your credit assessment. It is not mandatory to bring a guarantor unless the bank asks you to.

    Q. Is there a set-up fee I have to bear with this financing scheme?

    A. No, the financing scheme doesn’t charge you with a set-up fee or maintenance fee.

    Q. Should I take the takaful protection with CIMB Vacant Land Flexi Smart-i?

    A. Although it is not compulsory to take the takaful protection coverage with your financing scheme, it is suggested that you opt for it to be covered against any unfortunate incident during the tenure of the facility.

    Q. Am I allowed to make an early settlement on the outstanding financing amount with this scheme? If yes, what are the advantages and disadvantages of doing the same, if any?

    A. Yes, you can settle the outstanding financing amount of the scheme before it reaches its maturity. Opting for the same can help you get rebate (Ibra’) based upon the total duration of the tenure unutilised. However, you will also be charged with an early exit fee in such cases.

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