CIMB Cash Plus

  • Loan amount up to 2k-100k
  • Tenure 1-5 Years
  • Age 21-58 Years
  • Min Income 24k
  • Gov. Employee, GLC & Private sector
  • 24 hours

Borrow RM Monthly Repayment
RM


Interest Rate

%
How Long
My monthly income
As a

CIMB Cash Plus

A flexible and fast CIMB loan with no need for collateral or guarantor. High borrowing margin of 8x your monthly salary with insurance coverage for emergencies.

    • Financing up to RM100k
    • Up to 5 years tenure
    • Unsecured Loan
    • 24 hours approval

 

 

Interest Rates

How much the bank charges you based on your loan amount & loan period

 

You Borrow                          Loan Period            Your Income                 Interest Rate

RM2,000 - RM100,000           24 to 60 months            min. RM24000          6.88% p.a.* - 14.88% p.a.*

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR - from 6.88% p.a. to 14.88% p.a. , depending on loan amount and period

Processing Fee - No Fee

Late Penalty Fee - 1% from current outstanding amount

Mode of Payment - You must pay your loan installment by salary deduction.

 

Requirements

Are you eligible for this personal loan?

Minimum annual income - RM24000

Minimum age - 21 years old

Maximum age - 58 years old

Who can Apply - Malaysians

 

Frequently Asked Questions about CIMB Cash Plus

Things you might want to know

 

How to apply for CIMB Cash Plus

How much money can I borrow with this CIMB loan?

CIMB Cash Plus provides personal loans from RM2,000 and RM100,000 for repayment terms between twelve months and five years. The amount of money you are able to borrow is capped at 8x your monthly gross income.

 

How much does this personal loan cost?

CIMB Cash Plus has no processing fees or hidden charges. You will need to pay Government Stamp Duty on the amount you borrow, which is calculated at 0.50% of the total loan. You may also be required to take Takaful insurance cover for the period of your loan.

 

What do I need to apply for this CIMB personal loan?

This is an unsecured personal loan so you will not need to pay a deposit, nor provide a guarantor. In order to make an application you will be asked to provide supporting documents:

 

Salaried Employee

  • Copy of MyKad (front and back).
  • Last three month’s payment slip or EPF statement.
  • Last three months salary credited bank account statement.
  •  

Self-Employed

  • Copy of MyKad (front and back).
  • Business Registration Certificate.
  • Last 6 month’s bank statements.
  • Latest B form with proof of tax payment.
  • Latest 6 months of commission statements and bank statements for commission earner

 

How do I get my hands on the money?

CIMB may take a few business days to process your application. Once your loan is approved the money you are borrowing will be transferred into aCIMB bank account.

 

How do I pay the money back?

Loan repayments begin on the first day of the month following the date you received the money you’ve borrowed. Payments need to be made every month until the total amount of the loan is repaid.

CIMB states that your loan installments must be paid through automatic payment via Standing Instruction.

 

Can I pay my CIMB Cash Plus loan off early?

Yes, you can. If you want to end your loan during the first year, the lock-in period, you will have to pay RM200 for Early Termination fee.

 

What else do I need to know about the CIMB Cash Plus?

You will be offered a term insurance plan in the event of your death or permanent disability ( TPD). You will only pay a single premium amount for you to be covered.