• CIMB Portfolio Financing

    Personal Loan BYTES FROM OUR KITCHEN

    In today’s world, your income and savings alone cannot offer you with the kind of financial independence that you require. You will need to invest your money wisely to enhance your financial assets. Your investment portfolio should consist of a range of items so that your overall financial risks will be lowered and your return on investment will be potentially higher. If you do not have the required money to invest, you can take the help of CIMB Portfolio Financing and get the required money to invest on stocks, mutual funds, bonds on anything else of your choice. You will be able to expand your portfolio and take a step towards attaining financial independence.

    Overview of CIMB Portfolio Financing

    CIMB is one of the most prominent banks in Southeast Asia and the bank also has a very good presence in Singapore. It offers a wide range of banking products and services to people in Singapore and they include credit cards, debit cards, personal loans and so on. CIMB is a very reputed bank and CIMB personal loan products are very popular with people in Singapore. The range of products offered by the bank are customized to meet the needs of customers from all walks of life. CIMB Portfolio Financing is one such product that has been created to help people in Singapore to become investors and attain financial independence in the process.

    Why choose CIMB Portfolio Financing?

    CIMB Portfolio Financing is one of the personal loan products offered by the bank and it allows people in Singapore to avail funds against collateral. The funds availed can then be invested on an array of products to enhance one’s financial portfolio and to make more money in the process. You can avail more funds based on the type of collateral that you offer. You will be able to get a loan at comparatively low rate of interest and then you can invest the same of other assets that can yield interest at a higher rate.

    Features and Benefits of CIMB Portfolio Financing

    The various features and benefits of CIMB Portfolio Financing are as follows:

    • You can offer a variety of assets as collateral security – When you apply for this loan product from CIMB, you can pledge a wide range of assets as collateral security, which include unit trusts (approved) stocks and shares (approved), fixed deposits and structured deposits.
    • You will be offered with an attractive rate of interest - The interest rate charged will be affordable and attractive, and it will be linked either to the Singapore Interbank Offered Rate (SIBOR) or London Interbank Offered Rate (LIBOR) based on the currency that you choose.
    • The loan to value will be high – The loan to value can be as high as 100 percent of the value of the asset that you pledge as collateral and so you can avail more funds to invest on the financial asset of your choice.
    • You will not be charged any processing fee – You will not have to pay any processing fee or annual fee for the loan as the loan is offered on the basis of auto rollover on the principal amount.
    • You can explore new avenues of investment - By availing credit at low rate of interest, you can explore more avenues of investment, enhance your portfolio and also improve your chances of making more money in the long run.

    CIMB Portfolio Financing Eligibility

    • You should be a Citizen or a Permanent Resident of Singapore, or a foreigner living in Singapore with valid work permit.
    • You should be aged 21 and above.

    Documents Required for CIMB Portfolio Financing

    For Salaried employees:

    • Copy of NRIC (both front and back)
    • Latest payslip (electronic/ computerised)
    • CPF statement for the last 12 months

    For applicants who are self-employed:

    • Copy of NRIC (both front and back)
    • Income Tax Notice of Assessment for the last 2 years

    CIMB Portfolio Financing Fees and Charges

      Type of Fee Amount Charged
    1

    Maintenance Fee for Custody Account

    (For stocks & shares)

    S$20 or US$15 for each quarter

    (ending March, June, September and December)

    2 Inward Transfer of Shares (Singapore Shares) Fee is Waived
    3 Outward Transfer of Shares (Singapore Shares)
    • Transferred to CDP Direct account (when no change of beneficial owner takes place)
    S$20 or US$15 for each counter
    • Transferred to CDP Direct account (when change of beneficial owner takes place) or Transferred to a third party F.I.
    S$10 or US$10 for each lot / counter

    (Up to a Maximum amount of S$100 or US$80)

    4 Fee for Transfer or Sale of Shares

    • Delivery of Share for the purpose of their Sale
    S$30 or US$20
    5 Dividends Payment for Corporate Actions (charged for the custody of stocks & shares)
    • Scrip
    S$20 or US$15 for each counter
    • Cash
    1 percent of the net dividend (Minimum $10 or US$10, Maximum S$100 orUS$80)
    • Bonus Shares
    S$20 or US$15 for each counter
    • Rights or Warrant Issue
    S$20 or US$15 for each counter
    • Rights or Warrant Conversion
    S$20 or US$15 for each counter
    • Cash Offer
    S$20 or US$15 for each counter
    • Rights Issue or Warrant Conversion
    S$20 or US$15 for each counter
    6 Fee for Stamping
    • For Facility Limit of S$2 million and below
    None
    • For Facility Limit above S$2 million
    S$500 along with S$25 Processing Fee for SingPost OR US$400
    7 Other Fees
    • Interest Fee (Default)
    5 percent on top of the prevailing interest rate
    • Cancellation Fee
    S$500 or US$350/ 1 percent of the Facility Limit (whichever is higher)
    • Cost of Break Fund
    Will be determined only when early repayment of capital is requested

    Explore Other Loan Products offered by CIMB Bank:

    CIMB Portfolio Financing - Frequently Asked Questions (FAQs)

    1. What can I offer as a collateral for CIMB Portfolio Financing?
    2. For this loan product offered by CIMB Singapore, you can offer a wide range of collateral, which include unit trusts (approved) stocks and shares (approved), fixed deposits and structured deposits.

    3. Can a foreigner apply for this loan product offered by CIMB?
    4. Yes, foreigner can also apply for this CIMB personal loan product.

    5. Do I have to pay any annual fee for this loan?
    6. No, you will not have to pay any annual fee for this loan.

    7. How much money can I avail as a loan with CIMB Portfolio Financing?
    8. You can avail up to 100 percent of the value of the asset that you offer as collateral as a loan with CIMB Portfolio Financing.

    9. What are the income documents that salaried employees need to submit to apply for this CIMB personal loan?
    10. To apply for this loan, salaried employees need to submit the following income documents:

      • Latest payslip (electronic/ computerised)
      • CPF statement for the last 12 months

    Read More Related to Personal Loans

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