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CIMB Cash Plus Personal Loan

BySamantha Lim

Oct 18, 2023
CIMB Cash Plus Personal Loan

Obtain quick cash at affordable rates. Take advantage of the attractive interest rates starting from 6.88% p.a. by applying for our convenient unsecured term loan online today. No need for guarantors or collaterals – guaranteed approval!

Interest Rate

From 6.88% p.a.


Up to RM100k


Up to 5 years

Loan Type

Unsecured Loan

Min. Income



Introduction to CIMB Loan

Looking for a personal loan but confused about which one you should go for? Here to recommend a standout choice, the Cash Plus CIMB Personal Loan.

According to our team of highly skilled financial experts, they have analyzed the feature of CIMB Cash Plus stands out among the financial products in the market.

The CIMB Cash Plus Personal Loan is a convenient and easy-to-obtain term loan that does not require collateral. Besides, CIMB Cash Plus has a substantial loan amount of up to RM100,000 and a up to 5 years flexible repayment period.

Whether you are planning to start your new business or have individual needs, CIMB’s Cash Plus Personal Loan is the reliable and friendly financial ally you need.


What is CIMB Cash Plus Personal Loan?

CIMB Cash Plus is an unsecured loan by CIMB Bank. These products aim to make the customers achieve their dreams more easily and feasible. Also, it is designed to be accessible and adaptable to meet the diverse needs of individuals with its wide range of loan tenure options.

Why Choose CIMB Cash Plus Over Other Loans?

CIMB Cash Plus is a reliable and straightforward financial product over other loan types. Transparency and simplicity are CIMB’s commitment to customers, it wishes to let customers feel at ease during applying for personal loans.

To achieve the commitment, the official website provides a comprehensive Product Disclosure Sheet to ensure potential borrowers can access all the essential information they need to make an informed decision.

Besides, CIMB is a highly reputable financial institution in Malaysia widely acknowledged for its customer-centric approach. Hence, CIMB provides personalized assistance and guidance throughout the customer’s loan journey, aiming to build a trusting relationship.

Moreover, CIMB frequently unveiled exclusive campaigns to repay customers with promotions and offers. The campaign is for personal loan users and includes credit card and FD users. These diverse campaigns aim to deliver added value to borrowers, ensuring that they receive more than just a loan.


Benefits and Advantages

CIMB Cash Plus Benefits

The CIMB Cash Plus Personal Loan offers various benefits and advantages, making it a standout choice for financial products. I have gathered all the benefits and advantages of CIMB Cash Plus and listed them:

Hassle-Free Experience: One of the major advantages of this loan is the smooth and efficient application and approval procedure. This translates to fewer obstacles, minimal paperwork, and an expedited process for accessing your funds.

Low Interest Rates: The interest rate is a key factor distinguishing an exceptional personal loan. Experience the benefits of CIMB Cash Plus, where you can enjoy a highly competitive low-interest rate. This ensures that your repayments are not only manageable but also affordable.

No Collaterals or Guarantors Needed: One major benefit for individuals is the absence of collateral or a guarantor requirement to be eligible for the loan. This process becomes easier and more accessible to a wider audience.

Flexible Loan Tenure: The CIMB Cash Plus loan is designed to accommodate individuals with varying financial circumstances. With a flexible loan tenure of up to 5 years, it provides options that cater to different needs. This guarantees that individuals can select a repayment plan tailored to their specific circumstances without putting excessive pressure on their monthly budgets.

Special Promotions: Although the specific promotions may change periodically, CIMB frequently conducts special campaigns that give borrowers enticing perks, such as cashback rewards. These additional benefits make the deal even more appealing for borrowers.


Eligibility and Requirements

Age Requirements 21 to 58 years old
Nationality Malaysian
Minimum monthly income RM2,000
Employed Requirements Employment > 6 consecutive months
Self-employed Requirements Business must be active for more than 24 months.


Application Process

The application process for personal loans might be complicated in other banks but does not include CIMB. CIMB has streamlined the process to make it as smooth and user-friendly as possible for its customers, especially the products cashplus CIMB. Although the application process for CIMB Cash Plus is simple but I will be giving you the information in each step because it is crucial to be familiar with the approval and disbursement processes.

Documents Required for Application (Employed/ Self-employed)

You can apply for the Cash Plus Personal Loan once you fulfill the requirements, such as being 21 years old and above, Malaysian, and having a minimum monthly income of RM2,000.

Hence, you must prepare the required documents for the application, whether employed or self-employed. Here I illustrate the table about the required documents to save your time in the application process.

Salaried Employee (Fixed and Variable income)

Employer Fixed Income Earner (Basic Only) Variable Income Earner (Basic + Allowances)
Multi National Company

Public Listed Company

Government Linked Company

Minimum latest 1-month payslip OR

Latest EPF statement with minimum 6 months contribution

Minimum latest 3 months payslip OR

Latest EPF statement with minimum 6 months contribution

Others Minimum latest 3 months payslip AND

Latest 3 months salary crediting bank statement OR

Latest EPF statement with minimum 6 months contribution


Self Employed Income Documents
Sole Proprietor


Private Listed Company (Sdn Bhd)

Business Registration Document ( Trading licence/Company Search/Partnership Agreement/Professional Practicing Certificate) AND
Minimum latest 6 months company bank statement OR
Latest Form B/BE AND LHDN payment receipt OR
Latest e-Form B/BE AND latest e-filing acknowledgement receipt


Steps to Apply Online and Offline

The steps to apply online and offline are easy, here to list down the steps for online and offline application:

Online Application

  1. Visit CIMB’s official website and navigate to the “Cash Plus Personal Loan” page.
  2. Click on the “Apply Now” button.
  3. Fill out the online application form by providing the necessary details, such as loan amount, tenure, and interest rate.
  4. Upload the required documents as per the guidelines provided.
  5. Submit the application and await feedback.

Offline Application

  1. Visit any CIMB branch near you.
  2. Request the “Cash Plus Personal Loan” application form from a bank representative.
  3. Fill out the form with the necessary details.
  4. Provide physical copies of the required documents.
  5. Submit the form to the bank representative.

Approval Timeline and Disbursement Process

After completing the application step, the CIMB Bank may take up to 1 working day for the approval. Hence, the funds will be disbursed to your selected CIMB Business Current Account within 1 day from the completion of your loan acceptance.

Interest Rates

Loan Tenure Fixed Interest Rate Effective Interest Rate
2 to 5 years 7.88% p.a. 13.93% p.a.
9.88% p.a. 17.09% p.a.
11.88% p.a. 20.13% p.a.
13.88% p.a. 23.07% p.a.
16.88% p.a. 27.33% p.a.
19.88% p.a. 31.42% p.a.

Fees & Charges

Processing Fees Free
Stamp Duty Free
Early Settlement N/A
Late Payment Charges 1% p.a. on outstanding loan amount


CIMB Cash Plus vs. CIMB Xpress Cash Financing-i

  Xpress Cash Financing-i CIMB Cash Plus
Features & Benefits – Minimum Monthly Gross Income required RM800 (including overtime and allowances)

– No guarantor is required

– Financing tenure is up to 5 years with a minimum tenure of 6 months

– Low fixed interest rates, as low as 7.88% to 19.88% p.a.

– No additional fees such as no processing fees, no early settlement fees, no lock-in period, and no stamp duty

– Loan tenure from 2 years and up to 5 years

– Loan amount is minimum RM2,000 and maximum up to RM100,000

Eligibility & Requirements – 21 to 60 years old

– Malaysian citizen

– No joint applications allowed

– Minimum RM800 monthly income

– Employment > 6 consecutive months

– 21 to 58 years old

– Malaysian citizen

– Minimum RM2,000 monthly income

– Employment > 6 consecutive months

– Self-employed business must be active for more than 24 months.

Profit Rates Fixed Rates

18% – 24% p.a.

Effective Profit Rate

28.88% – 41.70% p.a.

Fixed Rates

7.88% – 19.88% p.a.

Effective Profit Rate

13.93% – 31.42% p.a.

Fees & Charges – No processing fees

– 0.5% of the whole amount for stamp duty fees

– Have rebate for early termination fee

– 1% p.a. on the outstanding loan amount for late payment charges

– No fees needed

– 1% p.a. on the outstanding loan amount for late payment charges


Tips for Managing Your Loan

Manage your loan is much difficult than apply for the loan. CIMB Cash Plus has brought advantages and challenges to the applicant, such as easy-to-apply funds up to RM100,000, but not everyone can manage well on the huge amount.

Hence, you may be unable to repay the loan under the schedule. Therefore, we have gathered some tips to help you manage your loan.

Strategies for Efficient Repayment

There are crucial to have a strategy for efficient repayment, it can bring you closer to financial freedom. You must set your portion budget for the loan repayments to manage well your funds and, at the same time have enough funds for loan repayment.

You can set up automatic payments such as enrolling in auto-debit with CIMB to ensure timely payments. It is beneficial for us to maintain a good credit score. Besides, you can make additional loan repayments when receive some unexpected bonuses or tax returns. It significantly reduces your loan tenure or the interest to pay.

Monitoring and Managing Loan Statements

Monitoring and managing loan statements is important for us after successfully applying for loans. Always review your monthly statements to monitor the progress of your loan repayment. It can build your attention to the repayment progress and increase your accomplishment as the outstanding amount decreases.

Moreover, you can keep all the records to manage the loan statements. It is helpful for us for any future financial planning or inquiries. Besides, keeping records can protect your funds when there are some discrepancies in your statements. The records will become the proof to argue with the bank.

For example, you have monthly repayment, but the bank is not recorded. You can show your monthly receipt or the loan statements to prove it.

Refinancing or Top-Up Options

Refinancing and top-up options are one of the advantages method for us in managing the loan. The loan interest rate might keep changing, so you must stay attuned to the changes.

All the banks will offer refinancing or top-up options to provide better interest rates or additional funds, including CIMB Bank. To avoid missing out on the offer, stay updated on CIMB by the application or social media notice.

Before refinancing or top-up, you must discuss with your financial advisors to ask for advice and ask them to help evaluate your needs. Their professional advice will help you move smoothly in the loan journey.

Staying Informed About Rate Changes

If your loan interest is effective loan rate, you must stay informed about rate changes. If a significant rate drop is observed, it might be beneficial to reassess your loan terms with CIMB, potentially saving money in the long run.

To stay updated, you must visit the CIMB website regularly or subscribe to the cashplus CIMB notifications to ensure you get the rate change immediately.



The Cash Plus CIMB Personal Loan is an optimal choice for those seeking flexible and transparent financing solutions. With its competitive interest rates, sizable financing options, and extended repayment tenure, it’s a fit for endeavors like starting a business, home renovations, or debt consolidation. Its key advantage lies in its straightforward application process, free from the need for collaterals or guarantors. However, those with an income less than RM2,000 per month might consider CIMB Xpress Cash Financing-i, which offers a lower income threshold despite higher profit rates.

In essence, while CashPlus stands out for its myriad benefits, your choice should resonate with your individual financial circumstances. Whether you lean towards CashPlus or Xpress Cash Financing-i, CIMB’s emphasis on customer transparency ensures a trustworthy financial partnership. Before committing, always research thoroughly, consult experts, and evaluate your financial stability. Choose wisely for a secure financial future.


Frequently Asked Question

How long does it take for a CIMB cash plus loan to be approved?

The CIMB Cash Plus Personal Loan typically has a swift approval process, and it may take up to 1 working day for the loan application to be approved.

What is the minimum salary for CIMB personal loan?

The minimum salary requirement for a CIMB Cash Plus Personal Loan is RM2,000 per month.

Can I fully settle my CIMB personal loan early?

Yes, you can fully settle your CIMB personal loan early. It’s advisable to check with CIMB directly regarding any early settlement fees or terms to ensure you’re aware of any potential charges.

How much money can I borrow from CIMB Cash Plus Personal Loan?

With the CIMB Cash Plus Personal Loan, eligible applicants can borrow amounts ranging up to RM100,000, based on creditworthiness and other lending criteria.

What are my monthly obligations for this CIMB Cash Plus Personal Loan?

Your monthly obligations for the CIMB Cash Plus Personal Loan would be the repayment of a fixed installment amount determined at the time of loan approval. This amount is based on the loan’s interest rate, tenure, and the principal amount borrowed. You can use CIMB’s loan calculator or consult directly with the bank to get a precise monthly repayment figure for your loan amount and tenure.

Samantha Lim

Samantha Lim is a knowledgeable finance writer based in Malaysia. With expertise in personal finance, investments, and economic trends, Samantha...

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