MoneySmart Exclusive
Loan up to 8x monthly income
Loan up to 8x monthly income
CIMB Personal Loan
MoneySmart Exclusive
Enjoy attractive interest rates from as low as 1.% p.a. (EIR from 1.94% p.a.) and zero processing fees* for any loan amount!
Valid till 30 Jun 2026
What you need to know
- *The interest rates and processing fee offered will be based on your personal credit & income profile & tenure selected
- *subject to the Bank’s discretion
Loan Details
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CIMB Personal Loan Benefits 2025
As one of Southeast Asia’s leading banking groups in Southeast Asia with approximately US$160.8 billion in total assets (as per its latest 2024 Integrated Report), CIMB Group Holdings Berhad has built a strong international footprint, including a growing presence in Singapore’s digital-first banking sector.
CIMB Singapore offers a range of banking services from retail and commercial banking to wealth management and personal loan products. Among its offerings, the CIMB Personal Loan stands out to borrowers for its flexible repayment terms, competitive interest rates, and transparent fee structures.
With tenures of up to 60 months and customisable monthly instalments, CIMB caters to a variety of financial needs—whether it’s consolidating debt, funding major purchases, or managing emergency expenses. While the advertised retail interest rate and effective interest rate (EIR) are subject to individual credit assessment, CIMB Personal Loan rates still remain competitive among Singapore’s regulated lending landscape.
So is the CIMB Personal Loan right for you in 2025? Let’s explore its key benefits, weigh the pros and cons, and see how it compares to other personal loan options available in Singapore.
CIMB Singapore offers a range of banking services from retail and commercial banking to wealth management and personal loan products. Among its offerings, the CIMB Personal Loan stands out to borrowers for its flexible repayment terms, competitive interest rates, and transparent fee structures.
With tenures of up to 60 months and customisable monthly instalments, CIMB caters to a variety of financial needs—whether it’s consolidating debt, funding major purchases, or managing emergency expenses. While the advertised retail interest rate and effective interest rate (EIR) are subject to individual credit assessment, CIMB Personal Loan rates still remain competitive among Singapore’s regulated lending landscape.
So is the CIMB Personal Loan right for you in 2025? Let’s explore its key benefits, weigh the pros and cons, and see how it compares to other personal loan options available in Singapore.
Pros & Cons Of CIMB Personal Loan
Pros ✅
- Relatively competitive interest rates from 1.00% p.a. (EIR: from 1.94% p.a.)
- Flexible loan tenure of up to 5 years, with affordable fixed monthly repayments
- Generous loan amount of up to 8X monthly income, capped at $200,000
- No processing fee
- Convenient and quick online application via CIMB’s online website with SingPass
- Instant loan disbursement once loan is approved
- No need to be an existing CIMB Bank Account or CIMB Credit Card before you apply
- Open to Singapore Citizens, PRs, or Malaysians with a valid Work Pass residing in Singapore (aged 21 to 70)
- Reasonable annual income requirement of $30,000 for Malaysians as compared to other loans by other banks like UOB and POSB/DBS
- No early repayment fee—can repay loan in full early, at any time without penalties
Cons ❌
- Not available to other foreigners, other than Malaysians
- Minimum loan amount is S$2,000
- Waiver of processing fee is subject to bank’s discretion and individual credit score
Read Our Review of CIMB Personal Loan Here!
CIMB Personal Loan Application
Before you start considering whether to get the CIMB Personal Loan or any other personal loans, you’ve got to be really sure of why you need to take up a personal loan. Picking a manageable loan amount that you can afford to pay off in monthly instalments is essential to a sound financial plan in the long run, plus, you’ve got to consider the other costs involved such as Effective Interest Rate (EIR), processing fees, annual fees, vice versa.
Here are 5 simple steps to apply for CIMB Personal Loan
Here are 5 simple steps to apply for CIMB Personal Loan
Step 1
Visit MoneySmart’s Personal Loans page
Simply click on our “Apply Now” button on our CIMB Personal Loan page, or you can choose to apply via CIMB’s website with your SingPass MyInfo. CIMB will then retrieve your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Step 2
Prepare all required documentation
You’ll need to provide all the necessary documentation in order for CIMB to approve your personal loan application.
For Malaysians in Singapore, you’ll need the following:
Malaysian NRIC
Proof of Singapore residential address
Passport (Minimum 6 months validity)
Latest 3 months pay slip
Foreign Exchange notice Declaration Form
For Malaysians in Singapore, you’ll need the following:
Step 3
Select your monthly repayment plan
Decide on your required amount before picking the suitable plan and also pick your preferred CIMB account (or other bank account) to receive your funds.
Step 4
Review and confirm details
After completing the application form and providing required documents, you will likely be directed to a review and confirm page. You can also access this page later by logging into your CIMB Clicks account (online banking) and navigating to the loan application section.
Carefully review all the information you have entered throughout the application process. This includes:
Carefully review all the information you have entered throughout the application process. This includes:
- Personal details like your name, NRIC, contact information, employment details, etc.
- Loan details such as requested loan amount, loan tenure (repayment period), interest rate, and monthly repayment amount.
- Bank account number and details for receiving the loan funds you've provided is correct.
Step 5
Get your loan disbursement instantly
The loan disbursement will be completed instantly upon approval of your CIMB personal loan online application.
Frequently Asked Questions About CIMB Personal Loan
Am I eligible for a CIMB Personal Loan?
- Singapore Citizen and Permanent Residents (PR) aged 21 to 70 with a minimum annual income of $20,000 are eligible to apply for the CIMB Personal Loan. Malaysians working and residing in Singapore with a valid Work Pass, earning a minimum annual income of $30,000, and possessing other relevant documents can also apply.
Note that foreigners are not eligible for this personal loan. Are there any fees if I take up the CIMB Personal Loan?
- CIMB does not charge any processing fee unless you miss any payments for your instalments. A late payment fee of $100 will be imposed.
How to pay for CIMB Personal Loan?
- All CIMB Personal Loan monthly instalments must be paid to the Loan repayment account. There are 3 modes of payment available:
- Via CIMB Clicks Singapore or FAST using other banks' internet banking platforms
- Schedule monthly payments to CIMB Personal Loan Repayment account with a standing instruction through your preferred digital banking platform or contacting them
- Direct a cheque to your Loan Repayment account
It is the borrower's responsibility to ensure there are sufficient funds in the Loan Repayment account by the payment due date. So please be mindful of any funds processing times needed.