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Personal Banking > Property Financing > Getting Extra Cash
Getting Extra Cash  
If your property has increased in value, you can take advantage of that to get some extra cash. Here’s how: with the amount of money you have already paid through your installments, subtract the balance from the current market value of your home – you’ll get what we call a home equity. This increases as your balance decreases. For example, if your home has been appraised for RM200,000 and you owe RM125,000 on your home financing package, your home equity is RM75,000. That can come in very handy if you need cash for other financial obligations.
 
Our Popular Product(s)
EzFinancing 
HomeXtra 
BizXtra 
Prime Mortgage 
 
Why This Product?
•A package that makes refinancing easier with minimum documents needed.
•It gives you an additional 10% from your original limit or your outstanding amount.
A package that allows existing CIMB Bank or CIMB Islamic home financing customers to apply for a higher financing amount in view of a property that has appreciated in value. A package that allows existing CIMB Bank or CIMB Islamic business premises financing customers who wish to apply for higher loan amount based on their pledged property which has appreciated in value.
•Offers flexibility in repayments where you can deposit any amount, anytime
•Excess repayments will be used to offset the principal loan amount for interest calculation
•Combine loan account with current account to facilitate withdrawal of excess cash
•Cheque book provided
•Re-pricing option every 3 years or lapse of lock-in period, whichever is later at prevailing board rate
•Earn 0.1 Bonus Point for every RM1 financing
•Preferential rates
•Exclusively for CIMB Prime Plan customers only. Please click here for more information on CIMB Prime Plan.
 
Type of Property All types of completed residential, commercial, landed or non-landed properties All types of residential properties All types of completed business premises All types of residential property  
Margin of Financing Up to 95% Up to 95% Up to 90% Up to 95%  
Low Initial Package
(Pay Interest only during first 3 years)
Yes No No No  
Pay Half Package
(50% during tenure remaining at the end)
Yes No No No  
Eligibility Non-CIMB customer Existing CIMB customer Existing CIMB customers  
Zero Moving Cost No No No No  
Investment Package
(No lock-in period)
Yes No No No  
Free Up Equity
(Get additional cash)
No No No No  
 
 


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