|
|
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. |
|
| | | |
|
| |
| Why This Financing Facility? |
|
• |
Available for both locals and foreigners. |
|
• |
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. |
|
• |
For CIMB Prime Plan customer, enjoy 0.1 Bonus Point for every RM1 financing when customer applied for Credit Line against CIMB Fixed Deposit. Please click here for more information on CIMB Prime Plan. |
|
|
| 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 |
|
• |
FD Freedom |
|
• |
Commerce Investment Guarantee (CIG) |
|
• |
CIMB Structured Product/Deposit |
|
• |
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) |
|
• |
CIMB Aviva CIG (Up to 80% fo face value) |
|
• |
CIMB Aviva FD Freedom (Up to 100% of face value) |
|
|
| Financing Amount |
|
|
| Financing Tenure |
Reviewed annually |
|
|
| |
|
|
| |
|
|
 |
For Assistance |
 |
|
|
|
|
|
|
Current Accounts
