Approved loan amount of up to RM100,000
Fixed interest rate of 6.88% - 14.88% per year (subject to the Bank's approving criteria) "*Note: Fixed interest rate 6.88% - 14.88% per annum equivalent to Effective Interest Rates of 12.31% - 24.51% per annumâ€
Loan approval within 24 hours.
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Eligibility & Required Documents
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Select the best product that fits your requirements from the list of recommended personal loan products listed and click on the Apply button.
Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.
The CIMB Cash Plus Personal Loan is an unsecured conventional personal loan. Its interest rate ranges between 6.88% and 14.88% per annum, or per year. However, it comes with a lower maximum loan tenure of up to 5 years.
Is CIMB personal loan the right one for me?
Best for: With a quick approval duration of 24 hours, iMoney recommends this loan for emergency purposes such as a medical, car or home emergency.
Income requirements: Open for those who are earning RM2,000 and above a month.
Pros: Low-income requirement and no processing fee, guarantor or collateral required and no early settlement penalty.
All you need to do is click on the orange “Apply” button on the top right of your screen. Then fill in your contact details and we will get in touch to get started with your loan application.
The loan amount you can borrow ranges between RM2,000 and RM100,000. It offers one of the lowest loan amounts you can borrow from a personal loan. However, the loan amount also depends on other factors like your income. The maximum you can borrow is up to 8 times your monthly gross salary or up to RM100,000.
Loan tenure means how long you can take to repay the loan. The maximum loan tenure for CIMB Bank Cash Plus Personal Loan is 5 years. This means your monthly repayment will be higher compared to a longer loan period as you are expected to repay the loan in a shorter time.
The iMoney Personal Loan Calculator is designed to match you with the most suitable loan for your financial needs. It takes into account your salary (which will determine how much you are able to borrow), the type of loan you want, and amount you want to borrow.
You can also use the calculator to adjust the amount of time you will need to pay the loan back to get an idea of how much the monthly payments you can afford.
The CIMB Bank Cash Plus Personal Loan is based on a fixed interest rate (flat) ranging from 6.88 per annum (or per year) to 14.88% per annum. The final approved interest rate is subject to the bank’s approving criteria.
Income: Your minimum gross salary must be at least RM2,000 per month. Gross salary means salary before monthly deductions such as income tax and Employees Provident Fund (EPF) contribution.
Age: You must be between the age of 21 and 60 to qualify for the loan. This means, your age must not exceed 60 at the end of the loan tenure. For example, if you are taking up the loan at age 58, the maximum loan tenure you can qualify for is only 2 years, instead of the maximum 5 years.
Other qualifying criteria: You must be a Malaysian citizen to qualify.
Once you have completed your application with iMoney, you are required to provide the following documents for your application:
The bank can take up to 24 hours to process and approve your loan upon receiving all your information and documents. When you apply through iMoney, we will run an eligibility checker through our call centre consultant to advise you on your chances of approval.
Late payment charges: 1% on the outstanding loan amount. Late payment charges will increase your total outstanding loan amount.
Other fees: CIMB Bank Cash Plus Personal Loan does not charge a processing fee or early settlement fee. However, they require at least 1-month prior notice in writing.
You will need to make a fixed monthly repayment throughout the loan tenure. This repayment is split into a payment of principal and interest.
The lower your interest rate and the longer your loan tenure, the lower your monthly repayment will be. For example, if you are borrowing RM50,000 with an interest rate of 6.88% over 5 years, your monthly repayment will be around RM1,120.
Use the personal loan calculator above to calculate your monthly repayment.>
Here you can find and download the CIMB personal loan repayment table.
Upon approval, the loan amount will be credited into an approved account. If you did not provide an approved account, the bank will automatically credit the amount into your CIMB or CIMB Islamic savings account. The loan amount cannot be disbursed into any joint savings or current account or any third party’s account.
Yes, the CIMB personal loan application is open to all Malaysian citizens.
No, personal loans in Malaysia mainly cater to locals. If you require a loan, please directly contact your nearest bank branch and make a special request.
Like most financial institutions, CIMB Bank will check your credit history as part of their approval process. If you have some outstanding payments reflected in your credit report, you are required to settle all overdue payments before applying. It is recommended that you continue repaying your loans on time for another three months before reapplying.
Check your iMoney CreditScore for free to find out how your credit health is.
AmBank Islamic Bank AmMoneyLine Facility-i
If you are looking to stretch your monthly repayment to longer tenure, you can try the AmBank Islamic AmMoneyLine Facility-i with a maximum tenure of 8 years. It has a flat profit rate starting from 8% p.a. as well as a lower minimum income requirement of RM2,000.
If you have a problem meeting the minimum income requirement of RM2,000, you may consider the RHB Easy-Pinjaman Ekspres. The personal loan also comes with a minimum income requirement of RM1,500. However, it has a higher interest rate starting from 11.63% per annum, with the same maximum tenure of 5 years.
