CIMB Cash Plus Personal Loan Reviews

Pay Profit Rate Max. Financing Amount Total payment
RM 453.17 / mth 4.38% p.a. RM 100,000 RM 10,876.08
1.7
1.7 out of 5 stars (based on 21 reviews)
Excellent14%
Very good0%
Average0%
Poor10%
Terrible76%

No Title

November 20, 2024

Applied for a car loan on 10th June 2023. Thought CIMB had a good deal, but after reading the terms, I found hidden fees everywhere. Why didn’t they explain that upfront? Felt cheated. Definitely not going back to CIMB for loans again.

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Fiq

CIMB Cash Plus Personal Loan

The CIMB Cash Plus Personal Loan is an unsecured loan offering low interest rates and quick approval, without the need for any guarantors or collateral. It provides a flexible financing option with attractive terms and a straightforward application process.


Key Features of CIMB Cash Plus Personal Loan

Feature Details
Interest Rate From 4.38% p.a. (depending on loan amount and tenure)
Loan Amount Minimum: RM2,000
Maximum: RM100,000
Repayment Period Minimum: 2 years
Maximum: 5 years
Loan Type Unsecured Loan (No collateral required)
Processing Fee None
Stamp Duty None
Early Termination Fee None
Late Payment Fee 1% per annum on outstanding amount, and on the instalment amount in arrears.

Eligibility Criteria

  • Age Requirement: Between 21 and 58 years old
  • Minimum Monthly Income: RM2,000
  • Employment Type:
    • Salaried Employees
    • Self-Employed Individuals
  • Minimum Annual Income: RM24,000

Financing Example

For a loan of RM10,000 over 2 years:

  • Interest Rate: 4.38% p.a.
  • Monthly Repayment: RM453.17
  • Total Interest Payable: Calculated as part of the loan agreement
  • Total Payment: Includes principal and interest (subject to bank approval)

Fees and Charges

  • Processing Fee: None
  • Stamp Duty: None
  • Late Payment Fee: 1% of the outstanding amount, per annum, and on overdue instalment amounts
  • Early Termination Fee: None

Loan Purpose

The CIMB Cash Plus Personal Loan can be used for a wide variety of personal and financial needs, including:

  • New business ventures
  • Home improvement or renovation
  • Education expenses
  • Personal investments
  • Other reasonable financial needs

Summary

The CIMB Cash Plus Personal Loan is an unsecured loan that allows you to borrow up to RM100,000 with flexible repayment terms and a competitive interest rate starting at 4.38% p.a.. The loan is designed for Malaysian citizens who have a minimum monthly income of RM2,000. It offers a simple application process with no processing fees or stamp duty, making it an attractive option for those seeking personal financing.