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Big dreams shouldn’t come with big financial worries. With CIMB PayLater, you can get what you need today and pay at your own pace, with zero interest, and just a low, one-time processing fee that may apply.

 

Enjoy stress-free payments over 3, 6, 9, 12, or 18 months, so you can stay in control of your cash flow without compromise.

 

Features & Benefits

Interest-free Access Big Ticket Items Flexible Tenures
Interest-free
Access Big Ticket Items
Flexible Tenures

How it works?

Convert your credit card’s available limit into a personal instalment loan from CIMB, with a loan amount of S$500 and above.

 

 

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

Exclusively for new to bank customers.

Find Out More
CIMB CashLite Promotion

Participating merchants

Here are some merchants that offer CIMB PayLater, allowing you to split your purchase into convenient instalments.

Automotive

 

iCar Motorwerkz

Electronics

 

Samsung

Eligibility

With CIMB PayLater, you’re in control. Split your purchases into easy instalments at 0% interest and customise your repayment tenure up to 18 months.

  • Citizenship: Singaporeans or Singapore PRs
  • Eligible age: 21 to 70 years old
  • Income: Minimum annual income of S$30,000

Fees & Charges

CIMB PayLater fees & charges

Terms & Conditions

General Terms and Conditions governing Personal Loans

 

CIMB PayLater Product Terms

Frequently asked questions

Do I need to have a CIMB account to use CIMB PayLater?

No, you don’t need to be an existing CIMB customer. CIMB PayLater is open to all eligible applicants!

How do I make my monthly instalment payment?

All payments must be made to your CIMB PayLater repayment account.

 

Here are your options:

 

  1. Bank transfer: You can transfer the instalment amount via CIMB Clicks Singapore or use FAST transfer through other banks’ internet banking platforms.

  2. Cheque payment: You can make a payment via cheque to your CIMB PayLater repayment account. Ensure your repayment account has sufficient funds by the due date to avoid late fees.

  3. Standing instruction: Set up scheduled monthly payments to your CIMB PayLater repayment account* with a standing instruction^ through your preferred bank’s digital banking platform or by contacting your preferred bank directly.

 

* Your CIMB PayLater repayment account starts with 10xxxxxxxx.

^ If you are setting up a standing instruction, please check with your preferred bank on processing times and continue manual payments until it’s successfully established.

How do I request a refund for my product or service?

If you’d like to request a refund, please contact the seller or service provider directly. Refunds can only be processed if they are requested within two weeks from the purchase date.

What happens if I miss my payment due date?

If a payment isn’t made by the due date, a late fee of S$25 will be charged. To avoid additional charges, be sure to make all monthly payments (including any overdue amounts) by the specified due date.

     

Can I repay my CIMB PayLater loan early?

Yes, you can. To request early repayment, please contact our call center or visit our branch to provide your instruction. We will then issue an early redemption statement, detailing your total outstanding balance (including any fees and charges) and the due date for full payment.

 

If the full outstanding balance is not paid on or before the due date, the early redemption request will be invalid, and your monthly instalments will continue as usual.

     

For more questions about PayLater, please visit the detailed FAQ page here.

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