• CIMB Commercial Property Loan

    Home Loan BYTES FROM OUR KITCHEN

    Overview of CIMB - Commerce International Merchant Bankers Bhd

    CIMB is one of the leading banks across the world and among the top banks in Singapore. The current name of the bank was adopted in the year 1986. It stands tall amongst the largest investment banks all across Asia and has been recognized as one of the largest Islamic banks internationally. Presently, the bank is the 5th largest bank in the Association of Southeast Asian Nations (ASEAN). The bank has employed over 43, 000 employees from around the globe to cater to diverse financial needs and requirements of its customers. In June 2015, the bank’s total assets were worth RM 438.3 billion. CIMB provides top notch banking products and financial services to individuals and companies alike. The top banking products of CIMB include credit and debit cards, fixed deposits, home loans, personal loans, property loans, insurance and investment among others. The services of the bank include transaction banking, internet banking and remittance.

    CIMB Commercial Property Loan

    Whether you are looking to purchase office units, shop houses or any other type of commercial property, the CIMB Commercial Property Loan can help you in expanding your investment portfolio by providing a high margin or financing at low interest rates and flexible loan tenures.

    Features and Benefits of the CIMB Commercial Property Loan

    • CIMB can aid you in creating an attractive property investment portfolio by offering you the CIMB Commercial Property Loan at a competitively low interest rate structures.
    • CIMB provides you up to 80% QOF or Quantum of Financing with the CIMB Commercial Property Loan which ensures that your initial cash outlays are kept to a bare minimum.
    • CIMB offers you with a flexible loan tenure for the CIMB Commercial Property Loan with up to 30 years or up to the age of 70 years, depending on which is earlier.

    Fees and Charges for the CIMB Commercial Property Loan

    Item/ Product Charge
    Intended Date of Full Redemption Reschedule Charge SGD 200
    Fire Insurance Change of Insurer SGD 200 for each year
    Request for Loan Statement for each statement
    • Present Calendar Year – FREE
    • Previous Calendar Year – SGD 50
    Custody of Title Deed for Fully Repaid Loans SGD 500 for each year
    Late Payment Charge for monthly instalments
    • Prime Lending Rate plus 5 percent
    • Minimum charge is SGD 30

    Eligibility Criteria for the CIMB Commercial Property Loan

    • Age Requirement – The applicant must be at least 21 years of age to apply for this loan.
    • Minimum Income Requirement – Any of the applicants should earn a minimum of over SGD 24, 000 per annum.
    • Minimum Loan Amount – The applicant should apply for the CIMB Commercial Property Loan for a minimum loan amount of SGD 200, 000.
    • Employment Criterion – In case of self-employed businesses, the applicant must be in their present business for a minimum of 2 years.

    Documentation Requirements for the CIMB Commercial Property Loan

    • A copy of the Passport/ NRIC for all the owners and applicants.
    • In case of purchase of a new property, the applicant must provide the Option to Purchase or Sale & Purchase Agreement.
    • In case of refinancing, the applicant must provide a loan statement from their existing bank or financial institution for the last 12 months.
    • Tenancy Agreement must be provided if applicable.
    • Income Proof Documents for Salaried Employees – Latest CPF Statement AND Latest Tax Assessment.
    • Income Proof Documents for Self – Employed – Income Tax Assessment for the latest 2 years/

    Application Process for the for the CIMB Commercial Property Loan

    • You can contact CIMB via telephone on their Personal Banking Hotline number available on their official website on all days (Monday to Sunday) between 9 AM and 9 PM.
    • You can email CIMB on their email address provided on the official CIMB website and the bank will respond to you within 1 business day.
    • You can visit your nearest CIMB bank branch and apply for the CIMB Commercial Property Loan directly in person.

    Explore the Other Loans Offered By CIMB Bank:

    Frequently Asked Questions

    1. What is the maximum financing offered by the CIMB Commercial Property Loan?
    2. CIMB offers its customers a high margin of financing. You can avail up to 80% QOF or Quantum of Financing with the CIMB Commercial Property Loan. This will help you keep your initial cash outlays to as minimal as possible.

    3. What is the maximum loan tenure offered by the CIMB Commercial Property Loan?
    4. CIMB offers its customers flexible loan tenures for the CIMB Commercial Property Loan. You can choose a loan tenure of up to 30 years or up to the age of 70 years, depending on which is earlier, when applying for this loan.

    5. Is there a minimum loan amount to apply for the CIMB Commercial Property Loan?
    6. Yes. The applicant must apply for a minimum loan amount of SGD 200, 000 in order to be eligible to apply for the CIMB Commercial Property Loan.

    7. Are self – employed individuals eligible to apply for the CIMB Commercial Property Loan?
    8. Yes. Self – employed individuals eligible to apply for the CIMB Commercial Property Loan provided they are in their present business for a minimum of 2 years and provide their Income Tax Assessment for the latest 2 years as proof of the same.

    9. Is there a minimum income requirement to apply for the CIMB Commercial Property Loan?
    10. Yes. In order to be eligible to apply for the CIMB Commercial Property Loan, any of the applicants must earn a minimum of over SGD 24, 000 per annum.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.