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    We found 1 CIMB Personal Loan
    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 4.5% p.a. EIR from 8.21% p.a.
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    What it costs

    CIMB Personal Loan

    CIMB Bank Singapore is part of the CIMB Group, which is the fifth largest banking group among the Association of Southeast Asian Nations (ASEAN) countries. CIMB Singapore offers all kinds of financial services and products – Credit Cards, personal loans, Home Loans, car financing, investment and insurance options, etc. CIMB Bank’s personal loans cover a wide variety of personal needs and come at reasonable interest rates.

    You’re probably eligible for a CIMB Bank Personal Loan if you are

    CIMB Bank Personal Loan Minimum Age

    Atleast 21 years

     CIMB Bank Personal LoanMaximum Age

    Less than 60 Years

     CIMB Bank Personal Loan Eligible Employment Type

    Salaried or self-employed with regular income

     CIMB Bank Personal Loan Minimum Income

    Earn more than the minimum income required

    Your CIMB Bank Personal Loan amount eligibility is based on these factors

     CIMB Bank Personal Loan Minimum Salary

    Minimum income required S$10,000

     CIMB Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Max loan of up to six (6) times of your monthly income or S$30,000

     CIMB Bank Personal Loan EMI

    EMIs of other loans lower your eligibility

    Increase your eligible CIMB Bank Personal Loan amount by these steps

     CIMB Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

     CIMB Bank Personal Loan Tenure

    Choose longer tenure loan up to 5 Years

    Documentation needed to apply for an CIMB Bank Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee:
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner:
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed:
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

    CIMB Bank Personal Loan DetailsUpdated on 24 Sep 2018

    CIMB Bank Personal Loan Details
    Interest Rate 7.08 - 8.08%
    Minimum Income S$10,000
    Tenure 5 Years
    Guarantor Requirement guarantee required

    CIMB offers a choice of two personal loan products with competitive interest rate packages.

    Why Choose CIMB Personal Loans

    Here are the key reasons why CIMB Bank’s personal loans are the most suitable for you:

    • You can use CIMB personal loans for various purposes such as education of self or children, investment, personal needs or home renovation.
    • The interest rates are low and repayments are affordable.
    • There is no processing fee for certain loan products.
    • Secured personal loans are also available, and you can pledge several kinds of assets to get the loan. You can get loan of up to 100% of the collateral.

    Types of Personal Loan offered by CIMB

    • CIMB CashLite – This is a personal instalment loan that comes with low interest rates and fixed tenures for up to 5 years.
    • CIMB Debt Consolidation Plan – With CIMB DCP you can consolidate all your unsecured credit lines into this fixed instalment plan with interest rates starting at 2.77% p.a.
    • CIMB Education Loan: This loan can be taken for educational expenses for yourself or your child. It comes with an Interest Servicing Scheme and you can borrow up to 8 times your monthly income.

    Features and Benefits of CIMB Cashlite Personal Loan

    You can borrow up to 80% of your credit limit with this personal loan. However, your approved loan amount will depend on your risk profile and determined as per the bank’s discretion.

    • Choose from loan tenures of 1 year and up to 5 years.
    • Enjoy an interest rate of 4.50% p.a. with Effective Interest Rates (EIR) starting from 8.21% p.a.
    • The minimum loan amount for this CIMB personal loan is S$1,000.
    • Upon approval of your personal loan application, your loan amount will be disbursed immediately into an SGD denominated bank account mentioned on your application form.

    CIMB Personal Loan CashLite Interest Rates

    The interest rates charged by CIMB on its personal loan products are given in the table below:

    Product Tenure Flat Interest Rate (p.a.) Effective Interest Rate (EIR p.a.)
    CIMB CashLite 1 year 4.5% 8.21%
    2 years 4.5% 8.41%
    3 years 4.5% 8.41%
    4 years 4.5% 8.36%
    5 years 4.5% 8.29%
    CIMB Portfolio Financing Any tenure Linked to LIBOR or SIBOR
    CIMB Debt Consolidation Up to 8 years Depends on your income and loan amount
    CIMB Education Loan The first 4 years (during study tenure) CIMB Prime Rate + 0.49% p.a. NA
    5 years CIMB Prime Rate - 0.11% p.a. 6.44%
    6 years 6.34%
    7 years 6.27%
    8 years 6.21%
    9 years 6.15%
    10 years 6.11%
    CIMB Renovation Loan 1 year 2.98% 4.85%
    2 years 3.87% 4.85%
    3 years 4.18% 4.85%
    4 years 4.34% 4.85%
    5 years 4.44% 4.85%

    CIMB Personal Loan CashLite for Foreigners

    CIMB CashLite is a personal line of credit which requires the applicant to own a CIMB Credit Card However, currently only Singapore citizens and Permanent Residents are eligible to apply for CIMB credit cards. In lieu of this, foreigners are not eligible to apply for CIMB CashLite.

    CIMB personal loan CashLite fees and charges

    CIMB CashLite Fees and Charge
    Late payment fee S$80
    Early termination fee S$250 or 3% of the outstanding balance, depending on whichever of the two is higher
    Annual membership fee S$0
    Interest rate EIR between 25.5% p.a. and 27% p.a. with a minimum interest charge of S$2.50
    Interest-free period 23 days from your statement date if all credit card bills are paid in full
    Minimum monthly payment All outstanding balances for CIMB CashLite are to be paid in full every month
    Cash advance fee 6% of the withdrawn amount with a minimum charge of S$15
    Cash advance interest rate 2.333% per month with an EIR of 28% p.a.

    CIMB Personal Loan Eligibility

    • Nationality criterion: Singapore citizens and Permanent Residents are eligible for apply for CIMB personal loans.
    • Minimum age: 21 years.
    • CIMB personal loan is only extended to CIMB credit cardholders who have a CIMB account for a minimum period of 2 months.

    How to Apply for CIMB Personal Loan

    There are two ways to apply for this CIMB personal loan namely:

    Online application:

    Visit CIMB Singapore website and navigate to the CIMB CashLite webpage. On this webpage click on the option, “Apply Now”. You will be directed to the CIMB CashLite Personal Instalment Loan application form. You will have to download this form, take a print out, fill in the required information and mail it to the bank as per the address provided on the form.

    Request for a call back:

    You can request a call back from the bank by clicking on the option, “Let Us Call You”. You will be directed to a contact sheet wherein you have to provide your personal and contact details including name, email address, contact number, etc. You can also choose your preferred mode of communication with the bank in the form of a phone call, a text message or an email. You can submit this form online to get your application process started.

    Frequently Asked Questions

    Q. Can supplementary credit cardholders apply for the CIMB personal loan CashLite?

    A. No. This CIMB personal loan is only applicable to CIMB principal credit cardholders.

    Q. How should I make repayments on the CIMB personal loan CashLite?

    A. Your monthly instalments under this CIMB personal loan will be charged to your CIMB credit card account. You will have to make full outstanding payments on this personal loan every month. Payments will comprise your monthly interest amount and monthly repayment amount.

    Q. Will I earn rebates on the transactions I make for the CIMB personal loan ?

    A. No. Payments or transactions pertaining to this CIMB personal loan are not eligible to earn any rebates.

    Q. Will the credit limit on my credit card be affected if my CIMB personal loan has been approved?

    A. Yes. The credit limit equivalent to your approved CIMB personal loan amount will be reduced on your credit card limit after your loan amount has been disbursed. However, your credit limit will be restored gradually when you start making repayments on your CIMB personal loan.

    Q. I am a new CIMB credit cardholder. How will I know if my personal loan application has been approved?

    A. If you are new CIMB credit cardholder, the bank will call you with your personal loan interest rate package upon the approval your CIMB credit card.

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