Guide to Personal Loans: FAQs to Know Before Applying

CIMB Cash Plus Personal Loan is an unsecured personal loan, which means that no collateral or guarantor is required on your application.

It comes with key features such as:

• Loan amount from RM2,000 to RM100,000
• Flexible payment period from 2 years and up to 5 years
• Fixed interest rate ranging from 4.38% p.a.² to 19.88% p.a. (effective interest rate: 8.08% p.a. to 31.42% p.a. depending on the facility tenure)
• No processing fee, no early settlement fee, no lock-in period and no stamp duty. However, there is a late payment penalty fee of 1.0% p.a.

²only applicable to selected segment. Subject to the Bank’s final approval.

Yes, there is! The CIMB Cash Plus Personal Loan can be applied online in just 10 minutes.

Let’s find out! To be eligible for CIMB Cash Plus Personal Loan, you have to meet these criteria:

• Individuals aged 21 to 58 years old¹
• Malaysian citizens
• Minimum monthly gross income of RM2,000
• Stable employment for more than 6 consecutive months
• For those who are self-employed, business has to be active for more than 24 months.

¹Maximum 60 years old upon maturity of loan tenure.

If you require swift access to funds, then good news! CIMB Cash Plus Personal Loan’s online application takes just 10 minutes to complete. After submission, your application will be processed and approved on the same day³.

Your funds will then be disbursed within 2 working days.

³Same day approval is exclusively available to a specific segment of CIMB customers, including those who hold a payroll or a loan account with CIMB. CIMB customers of this designated segment are required to submit their applications through self-service submission.

Preparing all necessary documents in advance expedites the process significantly. Here are the documents you need:

Self-employed individuals (sole proprietors, partnerships, and private listed companies) will require either:

• Business registration document AND 6-month minimum company bank statement OR;
• Business registration document AND LHDN payment receipt and the latest B or BE form received OR;
• Business registration document AND latest e-filing acknowledgement receipt and B or BE e-form received

Fixed-income employees of multinational companies, public listed companies, and government-linked companies will require:

• One-month minimum payslip OR
• Latest EPF statement, reflecting at least 6 months of contributions

Variable income earners of multinational companies, public-listed companies, and government-linked companies will require:

• 3 months minimum payslip OR
• Latest EPF statement, reflecting at least 6 months of contributions

Other employers:

• Three months minimum payslip AND
• Latest 3 months salary crediting bank statement OR
• Latest EPF statement, reflecting at least 6 months of contributions

Take the next step toward your dream life. Apply for the CIMB Cash Plus Personal Loan today!

From interest payment calculations to money management, here are some tips to help you borrow responsibly, so you can repay effectively: 

This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions towards positively improving welfare and well-being of communities. This is one of our many efforts to achieve CIMB’s purpose of advancing customers and society.