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Features & Benefits

Low Interest Rate Generous Credit Line Flexible Tenures
Low Interest Rate
Generous Credit Line
Flexible Tenures

Roadshow Promotion^

Exclusively for CIMB Personal Loan approved at roadshows, customers can receive a Samsonite Garde Backpack VI or up to S$300 eCapitavouchers! Here’s what you can receive based on your approved loan tenure and amount:

Tenure Approved Amount Gift
3, 4 or 5 years S$0 - <S$10,000

Samsonite Garde Backpack VI

(RRP S$300)

S$10,000 - <S$15,000 S$100 eCapitaVouchers
S$15,000 or more S$300 eCapitaVouchers

Interest & Tenure

Use the Personal Loan Instalment Calculator to find out your estimated monthly instalment and total payment amount

  Loan amount less than S$5,000 Loan amount S$5,000 - S$9,999 Loan amount less than S$10,000 - S$29,999 Loan amount S$30,000 and above
Processing Fee 1% Waived Waived Waived
Tenure (Years) Interest Rate (p.a.)

EIR (p.a.)

Interest Rate (p.a.) EIR (p.a.) Interest Rate (p.a.) EIR (p.a.) Interest Rate (p.a.) EIR (p.a.)

 1

9%

 18.15%

 5%

9.10% 4.00% 7.30% 4.00% 7.30%

2

 17.46%

9.32% 7.50% 7.50%

3

 16.96%

 4.48%

8.38% 3.38% 6.38% 2.80% 5.31%
4 16.54% 8.33% 6.36% 5.30%
5 16.17% 8.26% 6.32% 5.28%

 

Illustration

Here’s how much you will be paying on a loan of S$10,000 at 3.38% p.a. for 3 years:

Loan Amount S$10,000
Interest Rate 3.38% p.a. (EIR 6.38% p.a.)
Tenure 3 years
Processing Fee 0%
Total Interest Payable 3.38% p.a. x S$10,000 x 3 years = S$1,014
Total Repayment  S$11,014
Monthly Instalment S$306.00

Eligibility

Singapore Citizens or Permanent Residents: Minimum annual income S$20,000

Eligible age

  • 21 - 65 years old

Terms and Conditions

#Only for customers with annual income of S$120,000 and above. Final approval amount is subject to the bank’s discretion.

^Only applicable for CIMB Personal Loan with minimum approved loan tenure of 3 years. For more details, please refer to CIMB Personal Loan Roadshow Promotion 2023 Terms and Conditions

*One of the lowest online published personal loan interest rates among banks in Singapore as of 1 June 2023

Please note the minimum loan amount is S$2,000.

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

General Terms and Conditions Governing Personal Loans
 

CIMB Personal Loan Product Terms 

Frequently Asked Questions (FAQ)

What is the eligibility requirements for CIMB Personal Loan?

  • Singaporean or Singapore Permanent Resident (PR)
  •  Income: Minimum annual income of S$20,000
  • Age: 21 - 65 years old

What is the maximum loan amount that I can apply for?

The maximum loan amount that you can apply for is:
 

  • Up to 2x your monthly income if your annual income is between S$20,000 to S$29,999
  • Up to 4x your monthly income if your annual income is S$30,000 to S$119,999
  • Up to 8x your monthly income if your annual income is more than S$120,000

 

The final approved loan amount is subject to the Bank’s discretion. Please note the minimum loan amount that you can apply for is S$2,000 and maximum is S$200,000.

Why is the Interest rate (flat interest rate) different from the Effective Interest Rate?

The interest rate is used as reference to calculate the total interest payable on the loan on straight line basis, by assuming the loan principal is the same throughout the loan tenure.


Effective Interest Rate reflects the true cost of borrowing by taking into account the reducing principal balance over the loan tenure and any upfront processing fee charged. 

Hence, Effective Interest Rate is generally higher than flat interest rate. 

How can I find out the estimated monthly repayment amount?

We have a loan repayment calculator in-built to the Personal Loan online application form which you can use to find out the estimated repayment amount.

 

The final approved loan amount is subject to the Bank’s discretion.

Do I need to provide any documents for the application?

No documents are required during the application process for SingPass holder applying with MyInfo.  However, we may reach out to you for additional documentation if require.  

 

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