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
    • Up to 90% margin of finance
    • 30 days approval
  • You BorrowEstimated Interest Rate
    up to RM2000005.35% p.a.
    RM200001 - 3500005.25% p.a.
    RM350001 - 5000005.05% p.a.
    more than RM5000014.95% 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
None
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

All fees & charges are inclusive of 6% GST if applicable

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
  • Salaried employee
  • Self-employed

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 floating interest rate, which is pegged to the bank's BR movement. You have the option to link your mortgage to an overdraft, which means you can withdraw excess funds from your home loan account.

The cash withdrawal feature is, however, subject to a Commitment Fee of 1% p.a. if it is underutilized. This is only applicable for overdraft facility of RM250,000 and above.

CIMB will finance up to 90% of the value of a property, with an option to add 5% for the financing of zero moving cost, which includes legal fees, valuation fees, and GMTA. On that note, your effective lending rate and margin of financing will be subject to your credit worthiness.

This CIMB home loan package covers properties which are completed as well as those that are under construction.

What are my commitments?

Basically, your fixed monthly mortgage repayment is your major commitment, which consists of the principal amount of the loan plus the interest charges. Please note that total repayment amount may vary if the bank rate changes.

To service your monthly instalment, you can do so via cash, cheque, and even online via fund transfer from your CIMB Bank Savings or Checking accounts.

Do I need to sign-up for insurance?

Group Mortgage Term Assurance ( GMTA) is optional but highly recommend as it will cover the remaining instalment payments in the event you have come into contact with illness, injury, accident, and loss of income.

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 preferential interest rates for CIMB Prime Banking customers.

Who can apply for this mortgage?

Malaysians and permanent residents aged 18 years and above.

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

Salaried employee:

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

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
  • Latest 3-months bank statement

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