CIMB Bank Personal Loan Application Guide

There are so many banks nowadays that offer a personal loan, but CIMB Bank was one of the popular. Why? because they have CIMB Personal Loan that can be initially approved in just 10 minutes and the final approval can be processed as fast as 24 hours without any hassle as long as you’re eligible and you have all the documents needed.

If you wanted to know more about CIMB Personal Loan this might help you.

What’s Good About CIMB Loan?

  • 10 minutes of loan approval
  • Borrow as much as ₱1,000,000
  • No processing fees
  • Loan terms from 12 to 60 months

What are the interest rates?

The monthly add-on rates range from 1.12% to 1.95% (Corresponds to annual contractual rates of 24%, 30%, or 36%).

Who are Eligible to Apply for a Loan?

  • 21 years old and above
  • Not 65 years old upon loan maturity
  • Filipino citizen
  • With Philippine mailing address
  • Must have an active Philippine mobile number
  • With a minimum gross monthly income of ₱15,000
  • If employed, must be tenured for at least 6 months, or 1 year continuously
  • Must be operating a business for at least 1 year, if self-employed

What are the Requirements Needed?

  • Valid ID
  • SSS or GSIS number
  • Bank account number
  • Proof of income
  • Certificate of Employment (for employed)
  • Payslip (for employed)
  • BIR Form 2316 (W2) and Form 1700 (for employed)
  • DTI or SEC Registration (for self-employed)
  • Mayor’s Permit (for self-employed)
  • BIR Form 1701 (for self-employed)

How’s the Process?

Step 1. Log in your account to the CIMB Bank PH mobile app
Step 2. Click “Product” on the homepage
Step 3. Tap “Apply for a Product” and select “Personal Loan”
Step 4. Fill in all the necessary details
Step 5. Choose your preferred loan amount and tap “Next”. If you wish to cancel you have an option to cancel the loan application, just click “Leave Application”
Step 6. Afterward, you will be required to provide more personal details such as employment information and emergency contact


Step 7. Once done, sign your digital signature if you agree to the terms of the loan
Step 8. Select your payment method. Choose your bank and then provide your bank account number
Step 9. Upload your proof of income document
Step 10. Proceed with the virtual verification process
Step 11. If you’re approved, an email with the loan contract and details will be sent to you, if you didn’t receive any check the spam folder on your email

NOTE:
This loan has a monthly add-on interest rate range from 1.12% to 1.95% (Corresponds to annual contractual rates of 24%, 30%, or 36%). Some would say that is a very high-interest rate. Therefore, if you don’t need money urgently there are more loan options for you, you may consider checking them. However, if you need cash urgently, you may apply for this loan.

12 Comments

  1. Howdy very cool blog!! Guy .. Excellent .. Superb .. I’ll bookmark your site and take the feeds additionallyKI am glad to search out numerous helpful information right here in the put up, we want develop extra strategies in this regard, thank you for sharing. . . . . .

  2. Thanks a lot for sharing this with all of us you actually know what you’re talking about! Bookmarked. Please also visit my website =). We could have a link exchange arrangement between us!

  3. I’m writing on this topic these days, majorsite, but I have stopped writing because there is no reference material. Then I accidentally found your article. I can refer to a variety of materials, so I think the work I was preparing will work! Thank you for your efforts.

  4. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just too magnificent. I actually like what you have acquired here, certainly like what you are stating and the way in which you say it. You make it enjoyable and you still take care of to keep it smart. I can not wait to read far more from you. This is really a wonderful website.

  5. I truly love your blog.. Very nice colors & theme. Did youdevelop this website yourself? Please reply back as I’m wanting to create my very own website and would liketo find out where you got this from or just what the themeis called. Many thanks!Thank you for some other great article. Where else could anybody get thattype of information in such an ideal approach of writing?I’ve a presentation subsequent week, and I’m at the look for such info.Have a look at my blog; roof damage oklahoma city

  6. I would recommend this business again and reecommend them to my acquaintances .

    Big thank you to the agent. After I had completesd my reservation, the Indo
    Gov. increased my quarantine period from 3 days up to 10 days .

    The Indo Gov wwas very helpful in setting my start date in the hotel .
    Returned to reflex after I was done with quarantine, saving me
    lots of money .

Leave a Reply

Your email address will not be published.