Amended CIMB BizProp, CIMB BizProp-i, CIMB BizProp Plus and CIMB BizProp Plus-i Terms & Conditions Governing Banking Facilities Granted By CIMB Bank Berhad (SG Branch) Secured By A Mortgage Of Property
Dear Valued Customers,
Please be informed that the notice period required for full repayment/payment of your property loan/financing will be amended from three (3) months to two (2) months. Voluntary Prepayment/Payment clause (iii) on the Facility Letter for Property Loan/Financing will be amended as per below:
Voluntary Prepayment for CIMB BizProp & CIMB BizProp Plus
The Term Loan (TL) may be prepaid in full by the Borrower giving the Bank 2 months’ notice in writing or paying 2 months’ interest in lieu of notice;
Voluntary Prepayment for CIMB BizProp-i & CIMB BizProp Plus-i
The Term Financing-i (TF-i) may be prepaid in full by the Customer giving the Bank 2 months’ notice in writing or paying 2 months’ profit in lieu of notice;
The change of notice period will be effective from 1st Nov 2021 for existing loans/financings and Facility Letter accepted on or before 31st October 2021.
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