CIMB

CIMB HomeLoan

A conventional term housing loan with no processing fees and overdraft option so you can withdraw excess cash whenever there's an emergency.

    • Up to 35 years
    • Term loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Interest Rate
    RM100000 - 1990005.35% p.a.
    RM200000 - 3490005.25% p.a.
    RM350000 - 4990005.05% p.a.
    more than RM5000004.95% p.a.

    *Effective interest rate will be determined by CIMB upon approval.

Apply online now for CIMB HomeLoan

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
No Fee
Monthly Fee
None
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request
Insurance Types
  • GMTA

*inclusive of 6% GST

Requirements

Are you eligible for this CIMB home loan?

Minimum annual income
RM24000
Minimum age
18 years old
Maximum age
70 years old
Who can Apply
  • Malaysians
  • Permanent Residents

Frequently Asked Questions about CIMB HomeLoan

Things you might want to know

What is the CIMB Home Loan?

The CIMB HomeLoan is a conventional term loan with interest based on a floating Base Rate. It includes an option to link your mortgage to an overdraft, which means you can withdraw excess funds from your home loan account, useful if you have unstable income.

Subject to credit check and approval CIMB will finance up to 90% of the value of a property for your first two properties and 70% for subsequent properties. Budding tycoons can opt for an additional 5% finance for zero moving cost to go toward legal fees, valuation fees, and MRTA.

This CIMB home loan package covers properties which are complete as well as those that are under construction - you are only required to service the interest rate for properties which are under construction.

What are my commitments?

Basically, your fixed monthly mortgage repayment is your major commitment. By the end of the loan tenure you will have paid the principal amount of the loan plus the interest. Please note that total repayment amount may vary if the Bank Lending Rate changes.

Got a CIMB Clicks account? Great, you can easily transfer cash from your CIMB Bank Savings or Checking accounts to make your payments online!

Do I need to sign-up for insurance?

Group Mortgage Term Assurance( GMTA) is optional, but we really recommend it as it will protect your family home in the unlikely event that of illness, injury, accident, and loss of income. Fire insurance is compulsory for most home loans.

What are the risks associated with this mortgage?

With a floating rate, home loan interest is linked to the Base Rate. An increase in this base interest rate may result in higher monthly repayments. 

If you find that you have problems meeting your loan obligations it is always best to talk to your bank and explain what's happening as soon as you can.

Why should I choose CIMB Home Loan?

There are quite a few additional perks you'll get from CIMB HomeLoan that you won't be getting with just any other bank mortgage:

  • This loan is great for someone who has a fixed income and is comfortable enough paying a fixed installment every month.
  • The overdraft facility can really help those people who want the convenience of extra funds on hand, especially for emergencies.
  • The fees charged with this mortgage are low, no processing fee and no fixed monthly fee.
  • Earn 0.1 Bonus Point for every RM1 of borrowings plus lower interest rates for CIMB Prime Banking customers

Who can apply for this mortgage?

Malaysians and permanent residents can apply for CIMB HomeLoan. This includes foreigners staying in Malaysia under the Malaysia My Second Home Programme.

What documents do I need when I apply for this home loan?

If you are an employee earning a salary:

NRIC photocopy
Latest 3 months' salary slip
EA form/ EPF statement (last 2 years)
Sales & Purchase Agreement/ Booking receipt from developer

If you are self-employed:

NRIC photocopy
Latest 3 months' salary slip
EA form/ EPF statement (last 2 years)
Sales & Purchase Agreement/ Booking receipt from developer
Business registration A&D
Last 3 months bank statement

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