What is CIMB CashLite?
It is a value-added service for CIMB's principal credit cardholders seeking extra cash in hand through the convenient of borrowing against their available credit card limit.
The minimum CashLite amount you can apply is RM1,000 at a flat interest rate of 9.88%, payable in fixed instalments up to 48 months.
The approved CashLite amount will then be disbursed to your nominated bank account within 5 working days from the date of application, subject to terms and conditions.
How to apply for CashLite?
CIMB provides a simple, hassle-free application so you can get to money as soon as possibly. Pick up your phone and dial 03 3381 7000 anytime between 9:30am to 6:30pm on weekdays to request for the service.
You don't need to standby any documents, guarantor or collateral, just tell the bank's representative how much you would like to borrow and state your repayment tenor: 12, 24, 36 or 48 months.
Can I make a minimum monthly payment?
You’ll be required to meet these payment in full each month or CIMB will issue late payment charges of 1% on the outstanding amount, no lower than RM10 and up to RM100.
f you are unable to repay what you owe, default interest rates of 18% will be charged to the outstanding balance left on your CashLite loan.