Get the Best CIMB Personal Loans with Low Interest Rates in Singapore 2026!
Compare personal loan & get best loan interest rates in Singapore.
Refine Your Results
We found 1 CIMB Personal Loans for you!
Valid till 30 Jun 2026
Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.
Why Trust MoneySmart 💡
MoneySmart helps Singaporeans compare verified financial products side-by-side, so you find the best credit card, loan, insurance and other personal finance products for your needs—before you apply, not after. As an MAS-licensed platform with over 15 years in the market and a 4.4/5 Google rating from 100,000+ users, we surface exclusive sign-up bonuses and deals you won't find by going directly to a provider—with faster gift fulfilment and flexible redemption on top.
What Makes MoneySmart Trustworthy 👉🏻
CIMB Personal Loan: Key Advantages at a Glance
Looking for a personal loan that makes borrowing hassle-free in Singapore? CIMB Personal Loan stands out by tackling the biggest pain points faced by borrowers:
Feature | Details |
Loan amount | $1,000–$200,000 (up to 8x monthly income) |
Interest rate | From 1% p.a. (EIR from 1.94% p.a.) |
Processing fee | Waived for loans ≥$5,000; 1% for loans <$5,000 |
Loan tenure | 1–5 years |
Early repayment fee | 3% of outstanding balance or $250 (whichever higher) |
Late fee | $100 |
Approval speed | Instant approval if applied online via Singpass MyInfo |
Funds disbursement | Instant to PayNow-linked account |
Disclaimer: All featured interest rates and product information are valid as of 20 April 2026. CIMB reserves the right to modify or withdraw any facts, figures, and terms related to the CIMB Personal Loan at any time without prior notice.
CIMB Personal Loan Fees & Repayment Table: How Much Will You Pay?
Below is a clear breakdown of typical repayments, interest rates, and all key fees for popular CIMB Personal Loan amounts and tenures. This helps you spot the full cost—upfront, monthly, and at settlement—without nasty surprises.
Example monthly loan repayments
Loan amount | Tenure | Monthly repayment | Total payable |
$10,000 | 1 year | $842 | $10,100 |
$10,000 | 3 years | $286 | $10,300 |
$10,000 | 5 years | $175 | $10,500 |
$20,000 | 1 year | $1,683 | $20,200 |
$20,000 | 3 years | $572 | $20,600 |
$20,000 | 5 years | $350 | $21,000 |
Disclaimer: Loan repayments calculated based on 1% p.a. flat rate (EIR 1.94% p.a.) as of April 2026. Your approved rate may differ based on credit profile. CIMB Personal Loan does not include any annual fee, disbursement charges, or mandatory insurance add-ons.
Flat interest rates vs. EIR
- Flat Interest Rate is applied on your original loan amount throughout your tenure. It doesn’t factor in your reducing balance as you pay down the principal each month.
- EIR (Effective Interest Rate) represents the true borrowing cost after accounting for your reducing balance over time.
Always use the EIR to compare loans; it reflects the actual amount you’ll pay overall across different lenders.
Loan fees to watch out for
Fee trap | Risk | How to avoid |
Ignoring EIR | Flat rates look deceptively low | Always compare loans using EIR, not flat rate |
Processing fee for small loans | 1% fee applies to loans <$5,000 | Borrow $5,000 or more to get fee waived |
Late payment penalty | $100 per missed payment adds up fast | Set up GIRO or auto-payment |
Early repayment charges | 3% of balance or S$250 (whichever higher) | Check your letter of offer; may be waived during promos |
Hidden insurance | Some lenders bundle mandatory insurance | ❌ CIMB doesn't, so no concerns over hidden add-ons |
Not Sure How Much CIMB Will Cost You? Do The Math First.
CIMB's rates are competitive, but are they the right fit for you? Run your loan amount through MoneySmart's Personal Loan Calculator and compare repayments across Singapore's top banks side-by-side.
CIMB Personal Loan Eligibility Criteria
CIMB Personal Loan applications in Singapore vary based on applicant profile (Singaporeans, PRs, Malaysians, expats, and self-employed). This guide outlines the specific eligibility and documentation requirements to ensure a smooth, error-free application.
All loan applicant types: Comparison
Criteria | Singapore Citizens & PRs | Malaysians in Singapore | Expats (Non-Malaysian) | Self-Employed |
Age range | 21 – 70 years | 21 – 70 years | 21 – 70 years | 21 – 70 years |
Minimum annual income | $20,000 | $30,000 (SGD employment) | $20,000 (SGD employment) | $20,000 |
Identity documents | NRIC (front & back) | Malaysian NRIC + valid SG work pass/permit | Valid passport + valid SG employment pass/permit (min. 6 months validity) | NRIC or passport + PR/work pass (if applicable) |
Income documents |
|
| ||
Additional documents | N/A | N/A | Proof of local residence (utility bill or tenancy agreement) | ACRA business profile + tax returns |
How to Apply For CIMB Personal Loan: Step-By-Step Guide
Step | Action | What to do | Time required |
1 | Apply for CIMB Personal Loan with MoneySmart | On this page, click "Apply Now" to start your CIMB loan application and unlock our current exclusive MoneySmart rewards. | Immediate |
2 | Login with MyInfo/Singpass | Authenticate using Singpass MyInfo to auto-fill your personal details, employment, and income data from government records. | 1–2 minutes |
3 | Upload required documents (if needed) | [Skip this step if applying online via Singpass MyInfo] However if additional verification is needed or applying manually, upload digital copies of:
| 3–5 minutes |
4 | Select loan amount and tenure | Choose your desired loan amount ($1,000–$200,000; up to 8x monthly income) and repayment period (1–5 years). Review monthly instalment amount and the total payable. | 2–3 minutes |
5 | Review and confirm loan | Double-check all pre-filled details, loan terms, interest rate, fees, and repayment schedule before submitting. | 2–3 minutes |
6 | Submit application & receive instant decision | Once submitted, eligible applicants receive approval within minutes via MyInfo. If additional verification is needed, approval may take 1–2 business days. | Instant to 1–2 business days |
7 | Loan disbursement | Upon approval, funds are disbursed instantly to your PayNow-linked bank account. | Instant upon approval |
8 | Set up GIRO repayment | Arrange GIRO or automated payments to avoid missing loan repayments and incurring the $100 late fee. | 5 minutes |
Common loan mistakes to avoid
Mistake | Why it matters | How to avoid |
Submitting unclear or cropped documents | Causes processing delays or rejection | Upload clear, complete scans with all edges visible (PDF/JPEG, <5MB) |
Outdated MyInfo/Singpass details | Prevents instant approval via MyInfo | Update Singpass profile before applying |
Mismatched income requirements | Auto-rejection if below minimum | Singaporean/PR: $20,000; Malaysian: $30,000 |
Missing mandatory documents | Incomplete application | Always carefully verify your loan eligibility criteria before applying and/or submission |
Check out our Review of CIMB Personal Loan!
When to Use a CIMB Personal Loan: Renovation, Wedding, Education & More
When used wisely, a personal loan can help you reach financial goals with flexibility and transparency. Here’s how different loan scenarios in Singapore might benefit from using a CIMB Personal Loan for major life needs.
Use case | ⭐ Best for | Key advantages vs. alternatives | Considerations | How to choose? |
Need cash for HDB/condo upgrades, furniture, appliances, or contractor labour | No vendor restrictions vs. renovation loans (limited to contractor work only) | Don't over-borrow for non-essentials; monthly repayments are mandatory regardless of project delays | Choose CIMB Personal Loan ✔️ For flexibility on smaller projects ($5,000–S$30,000) ✔️ To pay cash labour or buy furniture Choose renovation loan ✔️ For major works (> $50,000) with contractor-only spending; may offer similar rates with higher loan amounts | |
Lump-sum for venue deposits, packages, honeymoon bookings | Fixed rate + tenure vs. rolling credit card debt | Don't max out tenure to lower payments, you'll pay more total interest | Choose CIMB Personal Loan ✔️ If you need > $10,000 over 1–3 years + want fixed repayments Choose credit card ✔️ If you can pay via 0% instalment plans ✔️ If have sufficient savings within 6 months | |
Private courses, certifications, or overseas fees not covered by MOE/CPF schemes | Fast approval for non-government-backed education | Check MOE/CPF schemes first for better rates on eligible local courses | Choose CIMB Personal Loan ✔️ For non-government educational schemes ✔️ Faster approval (1–2 working days) compared to government-sanctioned education loans | |
Juggling multiple high-interest debts (credit cards, store financing) without qualifying for debt consolidation plan (DCP) | Lower flat rates + fixed schedule vs. revolving credit card balances | Don't use new funds to clear one debt then rack up more elsewhere | Choose CIMB Personal Loan ✔️ When CIMB’s interest rate (& EIR) is lower than your weighted average debt rate Consider DCP ✔️ If you qualify; has stricter spending controls & less flexibility on funds usage | |
Business expense gaps, late invoices, or seasonal fluctuations | Low $20,000 income requirement, no collateral needed (vs. SME loans requiring higher turnover) | Keep personal borrowing separate from business capital for tax/accounting clarity | Choose CIMB Personal Loan ✔️ CIMB’s $20,000 minimum annual income criteria beats most SME loans’ income criteria (e.g. $50K + turnover) Choose SME loan ✔️ If need > $100,000 or asset-backed financing |
For a deeper dive into these specific loan scenarios and how they compare, explore more of our detailed guides here:
- Renovation Loan vs Personal Loan in Singapore
- Wedding Loan vs Personal Loan: Which is the Best Way to Finance a Wedding?
- Personal Loans vs Debt Consolidation in Singapore
- How much can I borrow to start a new business in Singapore?
FAQs About CIMB Personal Loan
Who can apply for a CIMB Personal Loan in Singapore?
Applicants must be aged 21 to 70 years old and be a Singaporean, Permanent Resident (PR), or Malaysian working and residing in Singapore. Minimum annual income is $20,000 for Singaporeans/PRs, and $30,000 for Malaysians.
If you apply with Singpass MyInfo, most documents are auto-filled for Singaporeans and PRs. Malaysians will need to upload their NRIC, a valid passport (at least 6 months' validity), the latest 3 months' payslips, and the Foreign Exchange Notice Declaration Form. Self-employed applicants likely need to submit their ACRA business profile and bank statements (3–6 months).
Does CIMB Personal Loan have a processing fee?
CIMB Personal Loans of $5,000 and above enjoy no processing fee. For loans below $5,000, a 1% processing fee applies.
How quickly can I get CIMB Personal Loan approval and disbursement?
With Singpass MyInfo, you can get instant approval—often within minutes. Once approved, cash is disbursed instantly to your PayNow-linked bank account. To compare other instant approval loans, refer to our Instant Loans in Singapore Guide.
What is the minimum and maximum loan amount and tenure for CIMB Personal Loan?
CIMB Personal Loan amounts range from $1,000 up to $200,000 (or 8 times your monthly income), with flexible tenures between 1 to 5 years. For more competitive loan options, use our MoneySmart personal loan comparison tool.
How do I make monthly repayments?
CIMB Personal Loan repayments can be made via GIRO or direct debit from your chosen account. Timely payment is key because late repayments will incur a $100 fee.
What happens if I want to settle my CIMB Personal Loan early?
Early settlement comes with a fee: 3% of your outstanding principal or S$250 (whichever is higher). Always check your loan agreement for the latest terms & conditions.
Who do I contact if I need help or run into issues with my CIMB Personal Loan application?
If your application is rejected, delayed, or encounters technical issues:
- Contact CIMB At-Your-Service Hotline at +65 6333 7777 (9am–7pm daily),
- Use secure messaging via CIMB Clicks internet banking, or
- Visit their Singapore branch (Address: 30 Raffles Place, #04-01, Singapore 048622)
Always have your application reference number ready when reaching out for faster resolution.