CIMB Personal Loan

CIMB Personal Loan

CIMB Personal Loan

CIMB Personal Loan

Per MonthS$300
Apply Now
Back to all Personal Loan
Loan up to 8x monthly income
From 2.68% p.a.
Interest Rate
S$10,804
Total Amount Payable
S$0
Processing Fee
MoneySmart Exclusive

[FLASH DEAL | FASTER GIFT FULFILMENT]
Get up to S$1,220 Cash via PayNow or attractive gifts like an Apple 13-inch MacBook Air, 256GB (worth S$1,499) or an Apple iPhone 16e (worth S$949) or a Sony PS5 (SLIM) Digital (worth S$669) and more in AS FAST AS 2-3 MONTHS!
 
PLUS get up to S$500 CASH BONUS when you apply through MoneySmart! T&Cs apply.

Valid until 16 Jul 2025 - See more details below

Are you eligible?

    • Promotion is valid from 14-July-2025 till 16-July-2025

    • Customers must apply through MoneySmart to be eligible

What you need to know

  1. Log into your MoneySmart account and submit your claim by 16th August 2025

  2. Receive your rewards when you get approved for a min. loan amount of S$8,000 with a tenure of 3 to 5 years. T&Cs apply.

  3. S$8,000 to S$9,999 Loan Size:
    Incentive : S$120 Cash via PayNow 

  4. S$10,000 to S$14,999 Loan Size:
    Incentive : S$180 Cash via PayNow 

  5. S$15,000 to S$19,999 Loan Size:
    [S$100 CASH BONUS] on top of:
    Incentive : S$300 Cash via PayNow OR Apple AirPods Pro 2nd Gen (worth S$349)

  6. S$20,000 to S$29,999 Loan Size:
    [S$200 CASH BONUS] on top of:
    Incentive : S$400 Cash via PayNow OR Apple iPad 11th Gen, 64GB (worth S$499)

  7. S$30,000 to S$49,999 Loan Size:
    [S$300 CASH BONUS] on top of:
    Incentive : S$620 Cash via PayNow OR Sony PlayStation 5 (SLIM) Digital Edition (worth S$669) 

  8. S$50,000 to S$79,999 Loan Size:
    [S$400 CASH BONUS] on top of:
    Incentive : S$820 Cash via PayNow OR Apple iPhone 16e, 128GB (worth S$949)

  9. S$80,000 and above Loan Size:
    [S$500 CASH BONUS] on top of:
    Incentive : S$1,220 Cash via PayNow OR Apple 13-inch MacBook Air, M4 Chip 256GB (worth S$1,499)

  10. *FASTER GIFT FULFILMENT: Please note that gift will be fulfilled approximately 2-3 months after the end of the campaign month (31 July 2025).

  11. *Enjoy lower interest rate from 2.68% p.a. (EIR from 5.06% p.a.) when you get a loan with a tenure of 3-5 years.

T&Cs
FAQ
Claim Form

Quick Facts

Best For

Guaranteed, open and transparent rates (all rates published on website). There is no need to download an app and no prerequisite to have a CIMB Bank Account or CIMB Credit Card before you apply

Loan Disbursement

Instant disbursement upon approval

Guaranteed Interest Rate?

Yes as per approved loan amount and chosen tenure. All rates are published on CIMB website.

All Details

Back to all Personal Loan

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.

Per Month
S$300
Apply Now

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.

Pros & Cons Of CIMB Personal Loan

Pros ✅

  • Relatively competitive interest rates from 2.68% p.a. (EIR: from 5.06% 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 foreigners
  • Minimum loan amount is S$2,000
  • Waiver of processing fee is subject to bank’s discretion and individual credit score

How Is CIMB’s Personal Loan Repayment Like?

At the moment, CIMB Personal Loan's advertised interest rates are from 2.68% p.a., with an EIR from 5.06% p.a. and is subject to changes according to economic conditions globally.

To make things easier to understand, here is an example to illustrate. (But keep in mind that in reality, interest rates are personalised, so yours might differ from this example which was calculated using CIMB’s personal loan calculator.)

Let’s say you’re taking up a $10,000 loan over 3 years for your wedding expenses and your monthly income is about $2,500. With an interest rate of 2.68% p.a., your estimated monthly repayment amount would be $319, taking into account the EIR of 5.06% p.a. which can be determined by many other factors besides the interest you are charged, such as your number of installments, frequency of instalments, whether your instalment amounts are equal or not, administrative fee or processing fees.

Here's a quick breakdown of the estimated calculation:
  • Loan amount: S$10,000
  • Interest rate: 2.68% p.a. (EIR 5.06% p.a.)
  • Total repayment: S$11,464
  • Total interest payable: S$11,464 - S$10,000 = S$1,464
  • Monthly instalment: S$319
    • *Based on CIMB personal loan’s calculator

Read Our Review of CIMB Personal Loan Here!

Read Now

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

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
    • 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:
    • 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.