CIMB offers 5 types of personal loans in Singapore, this loan gives you flexibility of ready cash at a very low interest rate, CIMB supports your personal aspirations. Whether you need help with your home improvements or pursue the higher education you have always wanted. With CIMB Personal Loans, nothing is out of reach.
CIMB Education Loan
Education is important part of everyone’s professional life and CIMB helps you take a step towards achieving your aspirations! With a CIMB Education Loan, you are able to focus on your studies while we take care of the rest. Here is to graduation!
With a CIMB Education Loan, intimidating tuition fees are a thing of the past. Instead, you can focus on maximizing the value of your education. Studying can be stressful at times. But with one of the lowest interest rates in town, there is one less thing to worry about. With no hidden fees and charges, and one of the lowest processing fees in the market at 2%, it is safe to say your money is exactly where it should be.
With CIMB Education Loan Servicing repayment scheme, you only need to pay for the interest on your loan during the course of your study. When pursuing your dream, costs should not be a deterrent. With a CIMB Education Loan that offers up to eight times of your monthly income or S$200,000 (whichever is lower), make your dream a reality. With the flexibility of loan tenures between 1 to 10 years, get a head start by choosing the duration that best suits your financial needs. Enjoy the option to manage your loan disbursements and cash flow however you choose with unlimited cashier’s orders.
CIMB Education Loan is available to Singaporeans and Singapore Permanent Residents only 16 to 50 years old S$24,000 for Principal Applicant (if it is an individual application) or Guarantor (if applicable), minimum amount for this loan is S$1,000
CIMB Renovation Loan
Renovating your home is the desire of every human being as it feels better to have look at new environment in your home so whether you are looking to make room for your growing family or build that study you have always wanted, a CIMB Renovation Loan will take you a step closer to a place you can proudly call home.
CIMB Renovation Loan covers all types of residential properties, be it those completed or still under construction. With interest rates as low as 2.98%* p.a. and a low processing fee of 1% (EIR 4.85% p.a.), CIMB Renovation Loan will give you the peace of mind, letting you focus on picking the right design theme for your new home. With a CIMB Renovation Loan, get offered up to six times your monthly income or S$30,000 (whichever is lower). On top of all that you can get an approval in-principle on your application in just 1 day*
With loan tenures between 1 to 5 years, you have the flexibility to choose the duration that best suits your financial needs. Finance your renovation at once or in disbursements. Singaporeans and Singapore Permanent Residents between 21 to 55 years old are eligible for this loan, annual income of S$24,000 for single and/or joint applicants. Joint applicants must be immediate family members (parent, spouse or sibling), minimum amount for this loan is S$10,000.
CIMB Portfolio Financing
Portfolio Financing is a revolving credit facility that can be secured by one or multiple types of collateral, including stocks and shares, approved unit trusts, structured deposits and fixed deposits. Range of acceptable collaterals includes approved stocks & shares, approved unit trusts, structured deposits and fixed deposits. Loan to Value is up to 100% (depending on the type of collateral).This is an interest-only loan with auto rollover on principal, with no processing fee or annual fee.
Give rise to new investment opportunities by capitalizing on yield of the interest rate differentials. Invest in high-interest bearing investments using low interest loans. Save on interest cost by re-financing your higher interest bearing loans. Singapore Citizens, Permanent Residents or foreigners of 21 years old and above are eligible for this loan.
CIMB CashLite is a very different and flexible plan for small loans based on the philosophy that when you need some extra cash in your hands, personal installment loans should not hinder your plans. That’s why CIMB CashLite offers fuss-free loans that will race to aid your cash needs. Enjoy preferential rates with the CIMB CashLite personal installment loan. Take a 1-5 year loan. The choice is yours. Get your financial health up to 100%, with financing of up to 80% of your credit limit. Instant Loan Disbursement Apply now and get your cash instantly!
Please note the minimum loan amount is S$1,000 and you may be granted up to a maximum of 80% of your available credit limit.
CIMB Debt Consolidation Plan
CIMB Debt Consolidation Plan helps you settle all of your consolidated interest-bearing unsecured balances* across all banks (including CIMB Bank Berhad, Singapore Branch). It gives you greater control with structured payments and flexibility in your loan tenure from 12 to 60 months. You can feel at ease pm your daily expenses with a CIMB Credit Card (credit limit of 1 time of your monthly income+). Additionally, you can have total interest-bearing unsecured debt on all credit cards and unsecured credit facilities with financial institutions in Singapore that exceeds 12 times of his/her monthly income
Singaporean and Singapore permanent residents with annual income between S$30,000 are eligible for this plan.