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Features & Benefits

Fast Approval
Easy Application
Convenient

Why CIMB Quick Guarantee?

With our simplified and efficient approval process of our Bank Guarantee (BG) product, get your BG issued against 100% cash instantly.

Enjoy a hassle-free documentation process and secure your adhoc BG requests with us by simply submitting a single application form.

Eligibility

  • Business must be registered in Singapore.
  • Hold a CIMB Bank Current Account
  • A first party to the application

How to apply

Step 1

For Existing Customers, complete the application form here

 

For New Customers, create an Account with us here

Step 2

Submit the completed application form to us via email or to our Branch at: 

 

CIMB Bank Berhad

30 Raffles Place

#04-01 Singapore 048622 

(Attn: Trade Service Department)

Step 3

Collect your Quick Guarantee in less than 48 hours!*

*Terms and Conditions apply.

Frequently Asked Questions

 

1. What is CIMB Quick Guarantee?

CIMB Quick Guarantee is a simplified version of our Bank Guarantee (BG) product to accommodate adhoc requests of BG through an efficient process. The key requirements are 100% cash and a single application form. Credit application is not required.

 

2. What is the turnaround time from application to issuance?

In less than 3 working days after your submission of necessary documents, provided your application is in order.

 

3. Do I require a BG facility to apply?

No. The BG will be issued against 100% cash margin.

 

4. What currency can I use for my cash margin?

USD and SGD.

 

5. Do I earn any interest from the cash margin?

No.

 

6. What are the relevant fees and charges?

Please refer to the Standard Trade Finance Tariff

 

7.What are the types of Bank Guarantees I can apply for?

Please refer to the common types of Bank Guarantees.

Important Notices and Disclaimers

 

Deposit Insurance Scheme

 

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

For More Enquiries

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