CIMB Personal Loan
Enjoy low interest from 1.00% p.a. (EIR from 1.94% p.a.), zero processing fees, instant cash approval, and cashback up to S$2,888. Flexible, fast, and hassle-free!
CIMB Personal Loan is standing out in Singapore’s personal finance scene with its exceptionally low rates from 1.00% per annum (EIR from 1.94% per annum). Add to that: zero processing fees, flexibility between 1 to 5 years, instant approval, and a cashback of up to S$2,888 for eligible applicants. Singaporeans, PRs, and Malaysians working here—with annual incomes starting from S$20,000 or S$30,000—can apply without holding any CIMB account.
How to Apply: Step-By-Step
- Visit the CIMB Personal Loan page
- Use Myinfo for a quick online application
- Submit your details and receive instant approval
- Check your bank account for fast disbursement of funds
- If you received an offer notification, accept it online with your application reference number
Key Advantages
The jaw-droppingly low interest and effective rates make this one of the cheapest personal loans on the market. Instant approval and cash payout ensure you don’t wait long for your funds. The generous cashback—up to S$2,888—makes it especially attractive for bigger loan values.
There’s no need to already bank with CIMB, so you don’t need to move your financial affairs just to access the offer. Malaysians working in SG are also eligible, with simple documentation requirements.
Potential Downsides
Cashback promotion is only available for loans over S$15,000 and a tenure of 3 years or more. For smaller loans or shorter durations, you won’t receive any cashback, which limits benefits for those wanting quick, bite-sized loans.
Interest rates and final offers are subject to CIMB’s internal approval and personal credit check, so advertised rates might not always be awarded to you.
Our Verdict: Excellent for Big-Ticket and Planned Expenses
If you’re seeking a major loan with a medium-to-long tenure, CIMB Personal Loan is one of the strongest offers in Singapore right now. Instant approval, zero fees, and generous cashback combine to make a compelling package. However, if you need only a small sum or want a very short repayment term, you might find better offers elsewhere. For most, though, it’s a top contender worth serious consideration.
