Cash woes? A personal loan to the rescue!

    CIMB Portfolio Financing

    CIMB Portfolio Financing is a revolving line of credit that lets you withdraw funds against collaterals such as shares and stocks, unit trusts, fixed deposits, and structured deposits. Since this loan has a low interest rate, you can use it on an investment instrument that earns high interest, thereby yielding high returns.

    CIMB Portfolio Financing Features and Benefits to Consider

    • Competitive interest rates: Based on your preferred currency, you can enjoy preferential interest rates that are pegged to the current Singapore Interbank Offered Rate (SIBOR) or London Interbank Offered Rate (LIBOR).
    • High loan-to-value ratio: The loan-to-value ratio is as high as 100% of the value of the collateral you have pledged. Hence, you can receive a high loan amount against a high value asset.
    • No processing fee: The principal amount automatically rolls over when CIMB receives the monthly instalments. Hence, you are not required to pay a processing fee or an annual fee.
    • Refinancing other loans: Use this loan to refinance your high-interest bearing loans to save on interest cost.

    Fees and Charges You May Have to Pay

    The table below shows the fees and charges applicable on this loan:

    Type of fee Amount charged
    Maintenance fee for custody account for stocks and shares US$15 or S$20 per quarter (ending March, June, September, and December)
    Inward transfer of Singapore shares Waived
    Outward transfer of Singapore shares
    Directly transferred to CDP account (no change in owner) US$15 or S$20 per counter
    Directly transferred to CDP account (change in owner) or to a third party F.I. US$10 or S$10 per counter/lot (maximum of S$100 or US$80)
    Delivery of shares for sale US$20 or S$30
    Dividend payment for corporate actions (for the custody of shares and stocks)
    Scrip US$15 or S$20 for each counter
    Cash 1% on net dividend (minimum of US$10 or S$10 and maximum of US$80 or S$100)
    Bonus shares US$15 or S$20 for each counter
    Warrant issue or rights US$15 or S$20 for each counter
    Warrant conversion or rights US$15 or S$20 for each counter
    Cash offer US$15 or S$20 for each counter
    Warrant conversion or rights issue US$15 or S$20 for each counter
    Stamping fee
    Facility limit of S$2 million and above Nil
    Facility limit above S$2 million S$500 and S$25 processing fee for SingPost or US$400
    Other fees
    Default Interest 5% more than the current rate
    Cancellation fee (without prior drawdown) US$350/S$S$500 or 1% of the facility limit (higher of the two)
    Cost of break fund Will be determined once the capital prepayment request is submitted

    Glance Over These Points Before Applying

    Before you go ahead and apply for this interest-only loan, make sure you consider these following points:

    • The outstanding balance should not exceed the total value of the asset pledged. In case it exceeds the limit, the bank will call you and ask you to restore the margin within 3 working days.
    • You must allow CIMB to open a Custody Account on your behalf for the delivery or deposit of all qualifying securities to the bank.
    • Payments on the loan must be paid to the bank by 11:30 a.m. on the last day of the interest period.
    • All payments due to the bank shall be made via direct bank transfer.

    Who is Eligible to Apply for CIMB Portfolio Financing

    You will be eligible for this loan if:

    • You are a Singaporean citizen, permanent resident, or a foreigner.
    • You are at least 21 years old and above.

    Documents Required

    For salaried employees:

    • A copy of your NRIC or passport.
    • CPF contribution history for the last 12 months.
    • Most recent electronic/computerised payslip.

    For self-employed individual:

    • A copy of your NRIC or passport.
    • Income Tax Notice of Assessment (NOA) for the last 2 years.

    If you have made up your mind about getting this loan, you can leave your contact details with the bank and they will get in touch with you. Whether you’re looking for a way to further your investment portfolio or pay-off your high interest loans, CIMB Portfolio Financing is a loan to consider.

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