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CIMB Personal Loan - Product Highlight Sheet

Product Name CIMB Personal Loan

Processing Fee
 
For approved loan amount less than S$5,000: 1% of approved loan amount payable together with first monthly instalment. For approved loan amount S$5,000 and above: Processing fee waived.

Interest Calculation
 
Interest is calculated based on a front-end add-on calculation method.

Monthly Instalment
 
The monthly instalment shall be apportioned between principal and interest repayment using the rule of 78 method. The monthly instalment must be paid in full by the payment due date..
Loan Repayment

Repayment of the monthly instalments is to be made to the loan repayment account linked to the approved loan. Please refer to the monthly statement for the loan repayment account details.


Late Payment Fee
 
If any monthly instalment (and any overdue amount) is not paid in full by the payment due date, late payment fee of S$100 will be charged..

Early Repayment Fee
 
3% of the outstanding principal amount of the approved loan or S$250, whichever is higher.