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CIMB Cash Plus Personal Loan continues to be one of Malaysia’s most sought-after personal financing solutions. It combines competitive interest rates with flexible repayment options, making it ideal for a variety of financial needs such as home improvements, debt consolidation, or unexpected expenses.
Table of Contents
Key Features of CIMB Cash Plus Personal Loan
- Interest Rate: Starting from as low as 6.88% p.a.
- Loan Amount: Borrow up to RM100,000, depending on eligibility.
- Loan Tenure: Flexible repayment terms ranging from 2 to 5 years.
- Type of Loan: Unsecured personal loan (no collateral required).
- Minimum Income Requirement: RM2,000 per month.
Why Choose CIMB Cash Plus Personal Loan?
1. Hassle-Free Application Process: Applying for the CIMB Cash Plus Personal Loan is straightforward. The process requires minimal paperwork and is designed to provide quick access to funds. Borrowers can apply online or at any CIMB branch, ensuring convenience for all users.
2. Competitive Interest Rates: Enjoy one of the lowest starting interest rates in the market, from 6.88% p.a., ensuring manageable and affordable monthly repayments.
3. No Collateral or Guarantor Required: As an unsecured loan, there’s no need to pledge assets or find a guarantor. This feature makes the loan accessible to a wider audience.
4. Flexible Tenure Options: Choose a repayment plan that suits your financial circumstances. With tenures of up to 5 years, borrowers can spread out payments to avoid financial strain.
5. Exclusive Campaigns and Promotions: CIMB frequently offers special campaigns, such as cashback rewards or reduced interest rates, adding more value for borrowers.
6. Trusted Financial Institution: CIMB’s reputation for customer-centric services ensures transparency and reliability throughout the loan process.
Eligibility Criteria
- Age: 21 to 58 years old.
- Nationality: Open to Malaysian citizens.
- Income: Minimum monthly income of RM2,000.
- Employment:
- For salaried individuals: At least 6 months of continuous employment.
- For self-employed individuals: Business must be active for at least 24 months.
Documents Required
For Salaried Employees:
- Latest payslip (1 month for fixed income, 3 months for variable income).
- Latest EPF statement (minimum 6 months contribution).
- Latest 3 months salary crediting bank statements.
For Self-Employed Individuals:
- Business registration documents (e.g., trading license, company search, partnership agreement).
- Latest 6 months company bank statements.
- Latest Form B/BE with LHDN payment receipt or e-filing acknowledgment receipt.
Application Process
Online Application:
- Visit CIMB’s official website.
- Navigate to the “Cash Plus Personal Loan” section and click “Apply Now.”
- Complete the application form by entering your details and selecting the desired loan amount and tenure.
- Upload required documents.
- Submit the application and wait for feedback.
Offline Application:
- Visit any CIMB branch.
- Request the “Cash Plus Personal Loan” application form.
- Fill in the required details and attach the necessary documents.
- Submit your application to a CIMB representative.
Fees and Charges
- Processing Fee: None.
- Stamp Duty: None.
- Late Payment Charges: 1% p.a. on the outstanding loan amount.
- Early Settlement: No penalty for early loan repayment.
Interest Rate Breakdown
| Loan Tenure | Fixed Interest Rate | Effective Interest Rate |
| 2 – 5 years | 7.88% p.a. | 13.93% – 31.42% p.a. |
Comparison: CIMB Cash Plus vs. CIMB Xpress Cash Financing-i
| Feature | CIMB Cash Plus | CIMB Xpress Cash Financing-i |
| Loan Amount | Up to RM100,000 | RM2,000 – RM50,000 |
| Interest/Profit Rates | Fixed: 7.88% – 19.88% p.a. | Fixed: 18% – 24% p.a. |
| Minimum Income | RM2,000/month | RM800/month |
| Collateral Requirement | None | None |
| Early Settlement Fee | None | None (rebates available) |
Tips for Managing Your Loan
1. Set a Budget for Repayments: Ensure your monthly expenses include room for loan repayments. Use CIMB’s auto-debit service to avoid missed payments and maintain a strong credit score.
2. Make Extra Payments: Consider using bonuses or unexpected income to make additional payments, reducing your loan tenure and total interest paid.
3. Monitor Loan Statements: Regularly review your loan statements to track repayment progress and resolve discrepancies promptly.
4. Explore Refinancing Options: Stay informed about CIMB’s refinancing programs or promotional offers that could lower your interest rate or extend your tenure for better cash flow management.
Conclusion
The CIMB Cash Plus Personal Loan offers flexibility, affordability, and convenience, making it a standout choice for personal financing. Whether you need funds for business expansion, personal projects, or financial consolidation, this loan provides a reliable solution with competitive terms. Always assess your financial situation and consult with a CIMB advisor to choose the best option for your needs.