Guide on CIMB Bank Personal Loan 2024 Features & Application
CIMB BANK PERSONAL LOAN 2024 – The CIMB Bank has a loan offer that is ready to provide up to P1 million for your cash needs.
Are you looking for an entity that can provide you with a financial solution? In the Philippines, one of the reputable banks that you can turn to for a cash loan is the CIMB Bank.
The CIMB Bank is a Malaysian universal bank with its headquarter in Kuala Lumpur. It is in the service of the Filipino people for several years now and it is known for high-interest savings, affordable financial solutions, and easy mobile access.
The CIMB Bank has savings account offers, loans, credit line offer, and many more. The credit line offer of the reputable bank is the CIMB GCredit that can provide you with up to Php 50,000 credit line.
If you need a financial solution with a higher amount, you may turn to the CIMB Bank Personal Loan. Under the loan offer, you may borrow up to Php 1 million. The bank features a fast application process which can take as fast as 10 minutes. Here are the minimum and maximum loanable amounts under the offer:
- Minimum Loanable Amount — Php 30,000
- Maximum Loanable Amount — Php 1 million
The loan is payable in multiples of 12 months from 12 to 60 months. For approved loan applications, you can immediately get your cash if you want it to be disbursed directly into your CIMB Bank savings account. If the loan proceeds will be disbursed to other accounts, you can get your money within 1-2 banking days.
Who are qualified to apply for the CIMB Bank Personal Loan offer? Here are the qualifications set by the bank for application:
If Employed:
- Individuals only
- must be at least 21 years old; must be no older than 65 upon loan maturity
- must be a Philippine citizen and a non-US person
- must have a Philippine mailing address and active Philippine mobile number
- must have a minimum gross monthly income of PHP 15,000
- must be tenured for at least 6 months, or 1 year of continuous employment, unless employed in the top 15,000 corporations
If Self-Employed:
- Individuals only
- must be at least 21 years old; must be no older than 65 upon loan maturity
- must be a Philippine citizen and a non-US person
- must have a Philippine mailing address and active Philippine mobile number
- must have a minimum gross monthly income of PHP 15,000
- applicant’s business must be operating for at least 1 year
There are easy steps on how to apply for the CIMB Bank Personal Loan offer. The process can be all-digital.