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Features & Benefits

Pay-As-You-Earn
Single Upfront Fee
Fully Digital Process

What is CIMB FlexiPay?

 

CIMB FlexiPay is a flexible loan designed to unlock business growth. With its unique ‘pay-as-you-earn’ repayment structure, repayments are aligned with revenue, ensuring payments are made only when earnings are generated.

 

 

How do I get started?

 

 

Open a CIMB Business Account online. Discover the right account to suit your business needs here.

 

After opening your account, simply maintain at least 6 months of active account activity to be eligible for the loan.

 

 

Open your account now

 

Step 1

Prepare the following documents before you start your application online. 

 

Refer to the document checklist below.

Step 2

Decide on the CIMB Business Account to open and apply now.

 

The application will take approximately 15 minutes to complete.

Step 3

You will be eligible for CIMB FlexiPay once you have an existing CIMB Business Account with at least 6 months of active account activity.

 

To qualify for CIMB Flexipay Loan, your business must have an existing CIMB Business Account with at least 6 months of active account activity.

 

Upon qualification, company’s Keyman will receive a Loan Offer via email and unique link to perform verification.

 

Speak to your Relationship Manager (RM) for more details.

 

How do I get CIMB FlexiPay?

 

Step 1 - Get Your Letter of Offer

Upon qualification of CIMB FlexiPay, company’s Keyman will receive a Loan Offer via email and unique link to perform verification.

 

Access the link and enter the last 4 digits of Keyman's NRIC (123A) and OTP.

 

Select desired loan amount and holdback rate*.

 

A Letter of Offer will be generated for digital signature and acceptance via Singpass.

Step 2 - Receive CIMB FlexiPay Funds

Once all Keyman signature(s) is/are received, the application will be processed, and the funds will be disbursed to your CIMB Business Account within 2-3 working days.

Step 3 - Repayment of CIMB FlexiPay

With the ‘pay-as-you-earn’ repayment structure, repayments are based on daily revenue.

 

For example, if the selected holdback rate* is 5% and the business earns $1,000 in a day, $50 will be repaid that day.

 

On days with no revenue, no repayment is due, ensuring payments align with cash flow.

Document Checklist

 

Get ready to open a CIMB Business Account with us and enjoy our services. To speed up the process, please have the following documents ready.

 

Private Limited/Public Company

1. Certified true copies1

Memorandum and Articles of Association or Constitution.

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All directors
  • All authorised signatories
  • All controlling persons (only if applicable to your company)
  • All Ultimate Beneficial Owners
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Private Limited or Public Company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Download Document Checklist for Private Limited/ Public Company (EN)
Download Document Checklist for Private Limited/ Public Company (CN)

Partnership

1. Certified true copies1

Partnership agreement. 

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All Partners (For Partnership Entities)
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

 

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Partnerships: 2 partners

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Download Document Checklist for Partnership (EN)
Download Document Checklist for Partnership (CN)

Sole Proprietorship

1. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All owners for Sole Proprietor
  • All approving persons

 

2. Image with NRIC for ALL NRIC submitted above

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Download Document Checklist for Sole Proprietorship (EN)
Download Document Checklist for Sole Proprietorship (CN)

Eligibility

  • Singapore incorporated company
  • Has existing CIMB Business Account with minimum 6 months of active account activity

 

Fees & Charges

 

  • Single upfront fee: From 3.3% of approved CIMB FlexiPay amount
  • Interest rate: S$0
  • Early prepayment fee: S$0
  • Late fee: S$0

 

Terms & Conditions

 

*Holdback rate is the percentage of your daily revenue that will go towards repaying CIMB FlexiPay.

View full terms & conditions here

Disclaimer

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. 

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