CIMB Personal Loan

CIMB Personal Loan is a fully digital personal loan that you can use for your life milestones, personal projects, and during emergencies. It’s a convenient loan to apply for since it only requires a valid ID for all applicants and 1 income document for both employees and self-employed individuals. It also doesn’t require collateral, a guarantor, or a credit card.

Here are some of the common loan purposes:

• Home renovation - If you’ve shifted from on-site to work from home, you might notice that your space needs to change to accommodate your work needs. Revamping your home is no easy feat, especially for your wallet. Get a personal loan to fund your plans.
• Tuition fees/school expenses - Thinking of furthering your education but find tuition fees too expensive nowadays? Don’t hesitate to invest in yourself. Get a personal loan to expand your knowledge and climb up the career ladder.

• Emergency expenses - Unforeseen events can damage your personal property or cause physical injury. Some accidents are serious and involve huge costs. Apply for a CIMB Personal Loan and receive cash in 1-2 banking days.

Before applying for a loan, you need to meet the following CIMB Personal Loan eligibility criteria:

• 21 years old when applying for a loan up to 65 years old upon loan maturity
• Filipino citizen and non-US person
• With an active local mobile number and mailing address
• Source of income:
  • Minimum monthly salary of ₱15,000
  • Employed: at least 6 months with their current employer or 1 year of continuous employment except if part of the top 15,000 corporations
  • Self-employed: Business must be operational for at least 1 year

• Loan amount: ₱30,000 to ₱1 million
• Loan terms: 12 to 60 months, 12 months interval
• Monthly interest rate: 1.12 to 1.95%
• Average annual contractual rate: 24%, 30%, or 36%
• Disbursement fee:
  • Via CIMB account - 0%
  • Via other banks - 1% of the principal amount or ₱500, whichever is higher
  • ₱1.50 for every ₱200 loan (fraction of)
• Minimal requirements: No collateral, guarantor, or credit card required