Personal Loan

CASH PLUS PERSONAL LOAN (PERSONAL)
Product Description Conventional
Applicant Individual Malaysian Citizen
Financing Amount Min. RM 2,000 | Max. RM 100,000
Or up to 8 times gross monthly income (whichever is lower)
Tenure Min. 2 years| Max. 5 years
Interest Rates
Effective Interest Rate Equivalent to Fixed Interest Rate
It ranges from 12.31% p.a. to 24.51% p.a. It ranges from 6.88% p.a. to 14.88% p.a.
Please note that the final approved Fixed Interest Rate and Effective Interest Rate are subject to the Bank's approving criteria.
Minimum Eligibility In employment for more than 6 consecutive months
For self-employed, business to be active for more than 24 months
Entry Age Min. 21 years old | Max. 58 years old
(or up to age 60 years whichever is earlier)
Income Requirement Minimum monthly gross income of RM 2,000
Fees and Charges Nil
Monthly Payment Auto Debit function through CIMB Bank or CIMB Islamic Bank CASA account
XPRESS CASH FINANCING-I (PERSONAL)
Product Description Islamic-based on Bai'Inah concept
Applicant Individual Malaysian Citizen
Financing Amount Min. RM 3,000 | Max. RM 50,000
Or up to 8 times gross monthly income (whichever is lower)
Tenure Min. 6 months| Max. 5 years
Profit Rates
Flat Rate Equivalent to Effective Profit Rate
It ranges from 18% to 24% per annum It ranges from 28.88% to 41.70% per annum depending on financing tenure
Note : the final approved Profit Rate is subject to the Bank's approving criteria.
Minimum Eligibility At least 6 (six) months of employment or business establishment
Entry Age Min. 21 years old | Max. 58 years old
(or up to age 65 years whichever is earlier)
Income Requirement Monthly gross income of RM 800 (including variables, e.g. overtime and allowances)
Fees and Charges Stamp Duty of 0.5% from approved financing amount
Compensation/Ta'widh charged at 1% p.a. on the instalment amount in arrears
Takaful contribution will depend on the financing amount and tenure covering death and total permanent disability (optional)
Rebate/Ibra' will be provided if the financing is fully settled before maturity
No fees for early settlement
Monthly Payment Auto Debit function through CIMB Bank or CIMB Islamic Bank CASA account
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