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CIMB Balance Transfer is now on OCTO App!

You can now apply for Balance Transfer via the CIMB OCTO App. No paperwork, no hassle. And for a limited time only, enjoy low processing fees from 0.88% (EIR from 3.64% p.a.)!

 

 

CIMB Balance Transfer lets you turn your available credit card limit into cash and send it straight to your bank account. Enjoy 0%* interest for up to 12 months, with a one-time processing fee.

 

Features & Benefits

0%* Interest Rate Instant Approval Flexible Repayment
0%* Interest Rate
Instant Approval
Flexible Repayment

Rates & Tenures

Enjoy promotional rates offered to our CIMB Credit Cardmembers.

Tenure

All Customers

One-time Processing Fee

CIMB Preferred Customers

One-time Processing Fee

3 months

1.20%

(EIR 4.88% p.a.)

0.88%

(EIR 3.64% p.a.)

6 months

1.98%

(EIR 4.30% p.a.)

1.68%

(EIR 3.65% p.a.)

12 months

3.88%

(EIR 4.65% p.a.)

3.30%

 (EIR 3.95% p.a.)

Note: The minimum Balance Transfer amount is S$1,000 and you may be granted up to 90% of your available credit limit.

See how much you could save

Here's how much you'll save with a CIMB Balance Transfer of S$10,000 Balance Transfer over 3 months as compared to a credit card.

Example: S$10,000 over 3 months

Payable on Credit Card

Payable on CIMB Balance TransferYour potential savings
Rate and fee27.8% p.a.0% interest* and a one-time 0.88%* processing fee-

Interest and processing fee

S$695.00

S$88.00S$607.00

Note: The 0.88% promotional processing fee is exclusive to CIMB Preferred customers. The above table is for illustration purposes only.

How to apply

Apply online

New to CIMB Credit Cards? You’ll need a CIMB Credit Card to apply for Balance Transfer. Apply online and we’ll get in touch with you about your application within 3 working days.

 

Apply now

Let us call you

Prefer some help? Leave your contact details and our team will call you within 1 working day to help with your Balance Transfer application.

 

Let us call you
Apply with the OCTO App

Already have a CIMB Credit Card? Apply for Balance Transfer directly in the OCTO App.
 

How to apply

  1. Log in to the OCTO App
  2. Tap Apply & Services
  3. Select Apply for Loans
  4. Select CIMB Balance Transfer and tap Apply Now
  5. Follow the on-screen instructions to complete your application
Let us call you

Prefer to speak to us?

 

Leave your contact details, and our team will call you within 1 working day to help you with your Balance Transfer application.

 

Let us call you

Eligibility

Convert your Credit Card’s available limit into flexible payment loans.

Minimum annual income (Singaporean/Singapore PR/Malaysians): S$30,000

Eligible age: 21 - 70 years old

Available for the following Credit Cards for existing Cardmembers:

 

For new customers, a CIMB Visa Signature will be issued to facilitate the loan.

 

Fees & Charges

For the full CIMB Balance Transfer Fees & Charges, click on the link below:
Fees & Charges for CIMB Balance Transfer

Terms & Conditions For CIMB Balance Transfer

*Terms & Conditions governing CIMB Preferred Balance Transfer Loan Promotion apply.

 

Loan is subject to final approval by the Bank. Final amount granted is subject to the bank’s discretion based on your application submission, available unutilized credit limit on your credit card and latest credit checks.

 

^The minimum repayment amount is 3% of your total outstanding balance or S$50, whichever is higher.

 

Terms & Conditions apply for the other promotions by CIMB Singapore. Please refer to the respective pages for the full details.

 

CIMB may have right of review (RoR) clauses in the terms and conditions governing your product and/or service relationship with our bank. Please refer to the Notification of Right of Review Clause for more information.

 

For the full Terms & Conditions for the CIMB Balance Transfer, please click on the links below.

CIMB Balance Transfer
Credit Card Member's Agreement

What's Next

Apply Online

Less than 10 minutes needed.

Apply Now

Request A Call Back

We'll reach out within 1 working day.

Let Us Call You

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