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Personal Banking > Personal Financing > Settling High Interest Debts
Settling High Interest Debts  
If you earn a stable income and are confident that your job is secure, one way to take the pressure off your finances is to consolidate your debts. This means rolling your existing high interest debts into a single financing facility with lower interest. Depending on the method you use, consolidation might help you save on interest and get out of your high-interest debt faster. It can also provide the convenience of one monthly repayment instead of several. Our financing packages can help you do this easily.
Credit Line Secured Overdraft 
 
Why This Financing Facility?
This facility allows you to withdraw additional funds quickly and conveniently from your current account when required. It is available to customers, subject to a pledge of collateral acceptable to the bank.
No fixed monthly repayment
Interest is charge based on utilization amount only
High margin of financing (subject to approval)

 
Eligibility

 
Collaterals The following products can be used as collateral:
CIMB Local Currency Fixed Deposit 
CIMB Structured Product / Floating Rate Negotiable Instrument of Deposit / Negotiable Instrument of Deposit / Negotiable Instrument of Deposit Islamic
High margin of financing (subject to approval)

 
Margin of Financing
CIMB Local Currency FD - without interest withdrawal (Up to 100% face value)
CIMB Local Currency FD - with interest withdrawal (Up to 95% face value)
CIMB Group Unit Trust (Up to 60% of face value)
CIMB SP/ FRNID/ NID/ NID-I (Up to 80% of face value)

 
Financing Amount
Min: RM10,000
 
Financing Tenure Reviewed annually  
 
 


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