CIMB Personal Loan from 1.00% p.a. (EIR ~1.94% p.a.)
Updated: 18 May 2026
✅ Fast Approval, Disbursement & Flexible Loan Tenure
- Click "Apply Now" on CIMB Personal Loan Listing
- Complete the application via Singpass Myinfo and submit the required documents
- Wait for approval for CIMB
- Receive cash instantly upon approval
- Enjoy attractive interest rates from as low as 1.00% p.a. and zero* processing fees (EIR from 1.94% p.a.) for 1-5 years
- Min. loan amount of S$2,000
- Min. income for Singaporeans/PRs: S$20,000 p.a.; Min. income for Malaysians (Non-PR): S$30,000
- Early redemption fee of 3% or S$250, whichever is higher.
- Late payment fee: S$100
- NRIC (Front & Back)
- Salaried Employees: Latest computerised payslip or latest CPF/NOA statements
- Self-Employed: Latest 2 years' NOA
- Commissioned/Variable Income Earners: Latest CPF/NOA statements
- Malaysian NRIC
- Passport (minimum 6 months validity
- latest 3 months pay slip
- Foreign Exchange Notice Declaration Form
For Malaysians, you will need to provide the following supporting documents in the application:
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.
Pros & cons
Pros
Promotional rates from 1.00% p.a. (EIR from 1.94% p.a.)
Loan amount of up to S$200,000 or 8x monthly income
Flexible loan tenures from 1 to 5 years
No processing fees on approved loans
Fast approval and instant cash disbursement
Limited-time 0.2% cashback on approved amounts
Cons
Maximum loan tenor is shorter (5 years) compared to some banks offering 7 years
No built-in cashback or reward perks (apart from referral promotions)
Frequently Asked Questions about the CIMB Personal Loan
You can borrow between S$2,000 to S$200,000. The exact amount you qualify for will be based on your monthly income.
Singaporeans and PRs will need a minimum annual income of S$20,000, while Malaysians residing in Singapore will need a minimum annual salary of S$30,000.
In order to qualify for a CIMB Personal Loan, you must be a Singaporean citizen, PR or Malaysian residing in Singapore and between the ages of 21 and 70. You must also meet the minimum annual income requirement.
The best bank for a personal loan depends on your needs — compare the effective interest rate (EIR) rather than just the headline rate, check loan amounts and repayment tenures that fit your budget, and watch out for fees or penalties. Also consider how quickly funds are disbursed and whether the eligibility criteria match your profile.
Ultimately, the right choice is the bank that offers the most affordable and flexible loan terms for your situation.
💼 CIMB Personal Loan Singapore Overview
Key Features
- Low interest rates from 1.00% p.a. (EIR from 1.94% p.a.)
- 0% processing fee (waived for approved loans ≥ S$5,000)
- Instant approval + cash disbursement via MyInfo within ~10 minutes
- Borrow up to 8× monthly income, capped at S$200,000
- Flexible tenure between 12–60 months
- Eligible for Singapore citizens/PRs (S$20k income) and Malaysians (S$30k income)
- Exclusive cashback via SingSaver: up to ~S$1,350 for loans ≥ S$8,000 over 3 years
How to Apply
- Apply via SingPass MyInfo (Singaporeans/PRs) – no documents needed online
- Enter loan amount, tenure, and preferred payout account
- Review personalised rate, EIR & estimated monthly repayment
- Submit and receive funds instantly upon approval
Interest & Repayment
- Advertised rate: 1.00% p.a., Effective Interest Rate: ~1.94% p.a.
- Loan of S$10,000 over 60 months → total repayment ≈ S$10,360; monthly ≈ S$173
- No early repayment penalty : repay in full anytime without fees
Fees & Charges
- Processing Fee: 0% for loan ≥ S$5,000; nominal fee applies under S$5,000
- Late Payment: S$100 per default instalment
- Early Repayment: No penalty, fully waived for approved loans
Other Notable Features
- No need to hold a CIMB bank account or credit card to apply
- Flexible tenure and loan amount suitable for renovation, travel or debt consolidation
- Transparent pricing—published rates on CIMB website
How to apply for a CIMB Personal Loan
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Click the ‘Apply Now’ button on this page.
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Fill in the online application form with your personal and income details.
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Enter loan amount, tenure, and preferred payout account.
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Review personalised rate, EIR & estimated monthly repayment.
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Submit and receive funds instantly upon approval.
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