• HomeFlexi

High margin of financing

Up to 90% + 5% (GMTA/Legal/Valuation)

Type of properties

For completed and under construction residential properties

Group Mortgage Term Assurance (GMTA) can be financed

Loan tenure

Up to 35 years, or 70 years of age, whichever is earlier.

Flexibility of repayment and withdrawal

Extra repayments will be used to offset the principal loan amount for interest calculation.

Deposit and withdrawal is subject to the reducing OD limit.

Additional Features

  • No commitment fees will be charged for HomeFlexi.
  • Statement – Monthly
  • Cheque book is provided.
  • Prevailing Interest Rate and Default Clause. Please click here for more information. 
  • For CIMB Prime Banking customer, enjoy the following benefits:
    • Earn 0.1 Bonus Point for every RM1 financing
    • Re-pricing option every 3 years or lapse of lock-in period, whichever is later at prevailing board rate
    • Preferential rates

Monthly Installment Calculator

Choose the duration to find out the corresponding rates per annum.

Loan Amount (RM)

Loan Period (Years)

Interest Rate (%)

Total Amount Payable
RM 0

Eligibility

  • Individuals aged 18 years and above.

Requirements

Salaried Applicant:

  • NRIC photocopy
  • Latest 3 months' salary slip
  • Latest EPF statement / Latest 3 months bank statements showing salary crediting
  • Sale & Purchase Agreement / Booking form from developer

Self-Employed Applicant:

  • NRIC photocopy
  • Business registration
  • Latest 6 months business bank statements
  • Latest Form B with tax payment receipt
  • Sale & Purchase Agreement / Booking form from developer

Service Tax Implementation 
Taxes on products and services (including but not limited to service tax, indirect taxes or withholding taxes), where applicable, as may be imposed by the Government of Malaysia and any taxes payable in connection with or arising out of facility financing/account will be payable.

  Products / Items Fees and Charges
1 HomeLoan / BizLoan / Variable Home Financing-i  / Business Premises Financing-i / Term Financing-i  / Vacant Land Financing Processing fee: Not applicable
2 HomeFlexi / BizFlexi  / Flexi Home Financing-i / Flexi Business Premises Financing-i 

Set up fee of RM200.00 

Monthly service charge of RM10.00 

Monthly flexi charge / Non rebated profit of RM40.00

3 Flexi Vacant Land Financing

Monthly service charge of RM10.00

Monthly flexi charge of RM40.00

4 HomeFlexi  Smart / BizFlexi Smart/  Vacant Land Flexi Smart / HomeFlexi Smart-i / BizFlexi Smart-i / Vacant Land Flexi Smart-i 

Redraw fee of RM25.00** via OTC/Branch/Contact Centre and RM 10.00** via CIMB Clicks

 **per transaction regardless of the amount withdrawn

5 Secured OD Commitment fee of 1% p.a. on the unutilised amount for OD facility of RM 250,000.00 and above
6 Special PR1MA End Financing (SPEF) Package Processing fee of RM 200.00 
7 Redemption Statement (Home loan / Home financing) RM 50.00 per request
8 Letter of Confirmation for EPF withdrawal RM 20.00 per request
9 Ring Fence Processing Fee for EPF withdrawal RM 50.00 per request
10 Reproduction of statements 

For period up to 1 year

Front page - RM 10.00 

Additional page - RM 2.00 

For period exceeding 1 year

Front page - RM  30.00 

Additional page - RM 2.00 

11 Stamp Duties

As per Stamp Duty Act 1949 (Revised 1989)

i) Letter Offer: RM10.00

ii) Principal Document:  RM5.00 for every RM1,000.00

iii) Security Document: RM10.00

iv) Standing Instruction: RM10.00

Request for issuance of Redemption Statement (House or Home Financing)
Request for issuance of Redemption Statement (House or Home Financing)

A monthly flexi charge of RM40 (“Flexi Charge”) per month will be debited to your Flexi Account if stated in your Letter of Offer in the event the *Utilisation Rate of your facility is less than seventy percent (“70%”) on the last day of every month 

*Utilisation Rate

The calculation of Utilisation Rate will be based on the formula below:

Average Daily Balance (RM) = Sum of Daily Flexi account Balance / number of days in month

Utilization Rate of the Facility (%) = Average Daily Balance x 100% / Current Facility Limit1

1Current Facility Limit (or “Principal Outstanding Owing”) shall mean principal amount incurred and owing to the bank under the Facility at the material time

Scenario 1 Illustration

Facility Limit: RM100,000
Example Statement

Date Description Withdrawal (RM) Deposit (RM) Balance (RM)

01/07/2015

Opening Balance

 

 

-100,000

09/07/2015

Credit Advice – ABC Company

 

80,000

-20,000

15/7/2015

Debit Advice – IBG Transfer

10,000

 

-30,000

31/7/2015

Closing Balance

 

 

-30,000

How to read your statement:

Period

Number of Days

 

Daily  Flexi Account Balance

 

Sum of Daily Flexi Account Balance

 

01/07 – 08/07

8

100,000

800,000

For 8 days, Daily Flexi Account Balance was RM100,000 (RM100,000 x 8 = RM 800,000)

09/07 – 14/07

6

20,000

120,000

For 6 days, Daily Flexi Account Balance was RM20,000 (RM20,000 x 6 = RM120,000)

15/07 – 31/07

17

30,000

510,000

For 17 days, Daily Flexi Account Balance was RM30,000 (RM30,000 x 17 = RM510,000)

Total

31

 

1,430,000

 
     

Sum of Daily Flexi Account Balance is the accumulation of Daily Flexi Account Balance for the entire month:

(RM800,000 + RM120,000 + RM510,000 = (RM1,430,000)

 

Step 1 – Calculate Sum of Daily Flexi Account Balance (RM)

  • Step 2 – Calculate Average Daily Balance (RM)
  • Step 3 – Calculate Utilisation Rate of the Facility (%)

Calculation of Utilisation Rate

Sum of Daily Flexi Account Balance          = RM800,000 + RM120,000 + RM510,000

 = RM1,430,000

Average Daily Account Balance (RM)   = Sum of Daily Flexi Account Balance / number of days in month

                                                                              = RM1,430,000 / 31 days

                                                                              = RM46,129

Utilisation Rate of the Facility (%)  = Average Daily Balance /F acility Limit x 100%

                                                              = RM46,129/RM100,000 x 100%

                                                              = 46%

Based on the illustration 1, there will be Flexi charge as Utilisation Rate is <70%

 

         

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Scenario 2 Illustration

Facility Limit: RM100,000
Example Statement

Date Description Withdrawal (RM) Deposit (RM) Balance (RM)

01/07/2015

Opening Balance

 

 

-100,000

09/07/2015

Credit Advice – ABC Company

 

20,000

-80,000

15/7/2015

Debit Advice – IBG Transfer

10,000

 

-90,000

31/7/2015

Closing Balance

 

 

-90,000

How to read your statement:

Period

Number of Days

 

Daily  Flexi Account Balance

 

Sum of Daily Flexi Account Balance

 

01/07 – 08/07

8

100,000

800,000

For 8 days, Daily Flexi Account Balance was RM100,000 (RM100,000 x 8 = RM 800,000)

09/07 – 14/07

6

80,000

480,000

For 6 days, Daily Flexi Account Balance was RM80,000 (RM80,000 x 6 = RM480,000)

15/07 – 31/07

17

90,000

1,530,000

For 17 days, Daily Flexi Account Balance was RM90,000 (RM90,000 x 17 = RM1,530,000)

Total

31

 

2,810,000

 
     

Sum of Daily Flexi Account Balance is the accumulation of Daily Flexi Account Balance for the entire month:

(RM800,000 + RM480,000 + RM1,530,000 = (RM2,810,000)

 

Scenario 2 Illustration

  • Step 1 – Calculate Sum of Daily Flexi Account Balance (RM)
  • Step 2 – Calculate Average Daily Balance (RM)
  • Step 3 – Calculate Utilisation Rate of the Facility (%)

Calculation of Utilisation Rate

Sum of Daily Flexi Account Balance  = RM800,000 + RM480,000 + RM1,530,000

                                                                  = RM2,810,000

Average Daily Balance (RM)   = Sum of Daily Flexi Account Balance / number of days in month

                                                                             = RM2,810,000 / 31 days

                                                                             = RM RM90,645

Utilisation Rate of the Facility (%)  = Average Daily Balance/Facility Limit x 100%

                                                              = RM90,645/RM100,000 x 100%

                                                              = 91%

Based on the illustration 2, there will not be Flexi charge as Utilisation Rate is >70%

Please note that if your Utilisation Rate under your Flexi Loan facility falls above seventy percent (>70%), the monthly Flexi Fee will not be applicable.