SMIfunding - CIMB Cash Plus Personal Loan

Interest rates

Based on your loan amount & loan period, the interest rates are as low as the following

You borrow Loan period Your Annual Income Interest rate

RM2,000 - RM100,000 24 to 60 months min. RM24,000 4.38% p.a.* - 19.88% p.a.*

Repayment period is minimum 24 months and maximum 60 months (depending on the financing tier selected)

Fees & Charges

Interest Rate / APR

As low as 4.38% p.a.*
*Subject to terms and conditions

Processing Fee

None

Stamp Duty

None

Early Termination Fee

None

Late Penalty Fee

1% from current outstanding amount, per annum, and on the instalment amount in arrears from the overdue date.

Requirements

Minimum Annual Income

RM24,000

Minimum Age

21 to 58 years old

Who can apply

Malaysians
Salaried employee
Self-employed

More Information

What purpose can CIMB Cash Plus Personal Loan be used for?

In this day and age, money is important, and to some extent, brings happiness.

Believe it or not, your dream can be financed with a personal loan; be it a new business venture, home improvement and renovation, capital for personal investment or your child's education pursuit.

CIMB Cash Plus Personal Loan makes it nearly possible for you to achieve any of those, and even more — as long as it is reasonable for the bank to consider, as much as it is manageable for you too.

Are there any hidden fees with CIMB Cash Plus Personal Loan?

No surprises here — the CIMB Cash Plus Personal Loan comes with zero hidden fees, giving you complete peace of mind from start to finish. You don’t have to worry about any extra charges eating into your loan amount or monthly budget.

No processing fees
No stamp duty
No early settlement fees
No lock-in period
No hidden charges

Whether you're consolidating debt or financing a big purchase, you get to use the full approved amount with no deductions. Plus, you have the flexibility to settle the loan early anytime — with no penalty at all.

How much money can I borrow from the CIMB Cash Plus Personal Loan?

You can borrow up to RM100,000 with this unsecured CIMB personal loan, with the minimum amount you can apply from RM2,000.

For existing CIMB customers with a monthly gross income of RM30,000, you may apply for up to RM300,000, subject to eligibility criteria.

The interest rate offered by CIMB Cash Plus Personal Loan is fixed, ranging from as low as 4.38% p.a.* to 19.88% p.a.*, which is equivalent to effective interest rates of 8.08% p.a. to 31.42% p.a., with repayment terms of up to 5 years.

Please note that the 4.38% p.a. interest rate applies to CIMB Preferred account holders only and is subject to the bank's final approval. Meanwhile, the other interest rates mentioned and loan approval are also subject to CIMB's approving criteria.

What are my monthly obligations for this CIMB Cash Plus Personal Loan?

Your monthly instalment payment will begin on the 4th of the following month if the loan is disbursed before the 15th of the month.

For loans disbursed after the 15th of the month, the first instalment payment shall be the 4th of next month. Example below:

Disbursed on 1st to 15th of March - falls due on 4th of April
Disbursed on 16th to 31st of March - falls due on 4th of May

You must make your monthly instalment through deduction from your CIMB Current/Savings Account via Standing Instruction.

There will be a late penalty fee of 1% p.a. from the current outstanding amount per annum on the instalment amount in arrears from the overdue date.

Can I fully settle my CIMB personal loan early?

Absolutely. You can pay your CIMB Cash Plus Personal Loan off before the end of the financing tenure at zero cost.

All you need to do is inform CIMB of your intention in writing one (1) month before the early settlement.

Why should I get a CIMB Cash Plus Personal Loan?

If you want to reach your goals sooner than you have planned, CIMB can help expedite your dream via its hassle-free application process.

Once you have submitted all required documents, CIMB may take a few business days to process your application, approve and transfer the money into your CIMB bank account.

Plus point: you will receive a 100% disbursement, meaning there is no processing fee on this personal loan.

What documents do I need to prepare for this CIMB Cash Plus Personal Loan application?

First, you need to be at least 21 years old and have a minimum monthly income of RM2,000 to qualify for this CIMB personal loan.

On application, you will be asked to provide supporting documents:

Salaried Employee (fixed and variable income):

Employer	Fixed Income	Variable Income (Basic + Allowances)
MNCs PLCs GLCs	Latest 1 month's payslip, OR Latest EPF statement with minimum 6 months of contributions	Latest 3 months payslip, OR Latest EPF statement with a minimum 6 months contribution
Others	Latest 3 months payslip, AND Latest 3 months salary crediting bank statement, OR Latest EPF statement with minimum 6 months of contributions

Self-Employed:

Type of self-employment	Income documents
Sole Proprietor Partnership Private Listed Company (Sdn Bhd)	Business Registration Document (such as Trading License/Company Search/Partnership Agreement/Professional Practising Certificate), AND Minimum latest 6 months company bank statement OR Latest Form B/BE with LHDN payment receipt OR Latest e-Form B/BE with the latest e-filing acknowledgement receipt

Am I qualified to apply for CIMB personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions because all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

CIMB is more likely to approve your loan application if you can show that you are managing your finances, rather than accumulating more debt.