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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?
Withdraw additional funds quickly and conveniently from your current account without liquidating your investment products.
Service the monthly interest and settle the principal as and when you wish.
Interest is calculated on a daily rest basis, meaning the more you pay up on your principal, the lower the interest charges.

 
Eligibility
Individuals aged 21 to 70 years old
Minimum pledge collateral of RM10,000
 
Collaterals The following products can be used as collateral :
Fixed Deposit
CIMB Structured Investment
CIMB Unit Trust

 
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)
CIMB Group 100% principal protected UT ( up to 80% of face value)

 
Financing Amount
Min: RM10,000
 
Financing Tenure Reviewed annually  
 
 


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Call us at 1300 880 900 or
+603 22956100
Email us at callcentre@cimb.com
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