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Features & Benefits

Low Interest Rates Instant Disbursement Flexible Loan Tenure Generous Credit Line
Low Interest Rates
Instant Disbursement
Flexible Loan Tenure
Generous Credit Line

Interest & Tenure

Loan Amount S$1,000 and Above


Tenure (Years)

New-To-Bank Promotion Existing Customers

Interest Rate (p.a)

Effective Interest Rate (p.a.)

Interest Rate (p.a) Effective Interest Rate (p.a.)

1

3.50*

6.40%

4.50¹ 8.21%

2

6.58%

8.41%

3

6.60%

8.41%

4

6.58%

8.36%

5

6.54%

8.29%

Savings From CIMB CashLite

Interest and Savings

Amount (S$)

Interest Payable at 25.9% p.a. with other credit cards for 12 months

S$2,590

Interest Payable with CIMB CashLite Personal Instalment Loan for 12 months

S$350

YOU SAVE (86%)

S$2,240

Repayment Table


CashLite at 4.5%^ p.a.

Monthly Repayments

12 Months

24 Months 36 Months 48 Months 60 Months

S$1,000

S$87.08

S$43.54

S$29.02 S$21.77 S$17.41

S$3,000

S$261.20

S$130.60

S$87.08 S$65.31 S$52.25

S$5,000

S$435.40

S$217.70

S$145.10 S$108.80 S$87.07

^The payable flat interest rate / payable facility charges of 4.5% p.a. is equivalent to an effective interest rate (EIR) of 8.21% p.a. for 12 months, 8.41% p.a. for 24 and 36 months, 8.36% p.a. for 48 months, and 8.29% p.a. for 60 months respectively. EIR is the expression of the equivalent to the flat interest rate / payable facility charges quoted above using compounding and on an annualised interest rate / payable facility charges basis. 

Get extra cash at lowest interest rate of 3.5%³ p.a.

Exclusively for new to bank customers.

CIMB CashLite Promotion

How to Apply

Apply online

Apply for CIMB Visa Signature online for 1-day approval and we will be in touch with you about your loan application.

 

Enter promotion code: "CASHLITE" in the online application form.

 

Apply Now

Apply via SMS

SMS:

CASHLT<space>Web<space>Full Name (e.g. CASHLT Web John Lee) to 72008.

Let us call you

Leave your contact details and our sales agent will get in touch with you within 1 working day.

 

Enter "CASHLITE" in the Message field.

 

Let Us Call You

Let us call you

Leave your contact details and our sales agent will get in touch with you within 1 working day.

 

Enter "CASHLITE" in the Message field.

 

Let Us Call You

Apply via SMS

SMS:

CASHLT<space>Web<space>Full Name (e.g. CASHLT Web John Lee) to 72008.

Other Promotions

Eligibility

Singaporean and Singapore PR: S$30,000

 

Applicable for the following credit cards for existing Cardmembers:

 

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

 

Fees & Charges

  • Monthly instalment payable must be paid in full together with any outstanding overdue amount from the previous statement. 
  • If any monthly instalments becomes overdue, interest and late payment charges will be levied on such overdue instalment as well as other overdue amounts in your CIMB Credit Card account in accordance with the Cardmember’s agreement. 
    • Late payment charge: S$100 will be charged if (i) full payment of the outstanding balance (where the outstanding balance is S$50 or less) is not received by the payment due date; or (ii) if the minimum payment (where the outstanding balance exceeds S$50) specified in the statement is not received by the payment due date.
    • Interest: 2.158% per month (effective interest rate 25.9% p.a. subject to compounding if the charges are not repaid in full) on the transaction amount, chargeable on a daily basis from the date of posting until receipt of full payment (minimum charge of S$2.50).

      If the minimum payment is not received in full by the payment due date of any Billing Statement, finance charges will be levied at the rate of 2.333% per month (effective interest rate of 28% p.a. subject to compounding) chargeable on a daily basis, on such amounts as are due and owing (subject to a minimum monthly charge of S$2.50 or such other sum as may be determined by the Bank). The finance charges will revert back to the effective interest rate of 25.9% p.a. when minimum payment is received in full by the payment due date. Any adjustment or reinstatement of interest rate shall take effect from the date of such Billing Statement immediately following the payment due date of a relevant Billing Statement.

 

For the full CIMB CashLite Personal Instalment Loan Fees & Charges, click on the link below:

Terms & Conditions

*The lowest rate is based on the published rate in the market as at 1 July 2021. 3.5% p.a. promotional interest rate is only applicable to New-to-Bank customers who apply for both CIMB Credit Card and CIMB CashLite Personal Instalment Loan. Terms and conditions governing the CIMB CashLite Personal Instalment Loan - NTB 3.5% Promotion 2021 apply. Please click here for here full terms and conditions 


Your approved interest rate will be determined based on your risk profile and may differ from the published rate. If you are a new CIMB Credit Cardmember, you will receive a call from CIMB Bank with your approvable rate only after your CIMB Credit Card’s approval. 
 

Instant Loan Disbursement is subject to the approval of your CIMB CashLite Personal Instalment Loan application. 


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

 

Please note the minimum loan amount is S$1,000 and you may be granted up to a maximum of 90% of your credit limit. 
 

For all Terms & Conditions for the CIMB CashLite Personal Instalment Loan, you can learn more by clicking on the links below: