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CIMB CashLite Personal Instalment Loan

Features

Note that interest rate of 4.5% p.a (EIR 8.29% p.a) is not guaranteed and may differ based on your personal credit profile
Loan amount is drawn from existing CIMB Credit Card at up to 90% of the available credit limit. New to bank customers will be opening a CIMB credit card account.
Enjoy annual fee waiver on credit card for life
Minimum loan amount of $1,000
Min Income for Singaporeans/PRs: S$30,000 p.a.
Early termination fee: 3% of outstanding loan amount or S$250, whichever is higher
Late payment fee: $100

The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
SingSaver compares the best Personal Loans in Singapore that range from 1-year to 7-year tenures. The effective interest rate (EIR) you can enjoy from the loans on our site range from 7.0% p.a. to 18.72% p.a. The EIR of your loan will depend on the annual interest rate (or bank advertised nominal interest rate) and the tenure of your loan. For example: a loan of S$10,000 over 3 years at 3.88% p.a. nominal interest would equate to monthly repayments of S$310.11, and the total cost of the loan that you pay back would be S$11,164. This is not inclusive of any administrative or processing fees that may apply.

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