CIMB CashLite – Low interest & to S$1,000^ Cashback!

Payment Desk

#The payable apartment interest / payable studio charges was at step 3.5% p.good. to own 12 months and you can 2 yrs, and you will step 3.0% p.a beneficial. to own 3 years, forty-eight weeks and you will sixty months. The latest particular active interest rate (EIR) is at six.40% p.an excellent. for one year, 6.58% p.an effective. for 24 months, 5.68% p.a great. to possess 3 years, 5.67% p.good. having 48 days and 5.64% p.a good. for sixty weeks. EIR ‘s the expression of the equal to brand new apartment notice speed / payable studio fees quoted significantly more than playing with compounding as well as on an enthusiastic annualised rate of interest / payable studio charges base.

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Qualifications

• Month-to-month instalment payable must be paid in full also any a good overdue number on past statement.
• If any monthly instalments will get overdue, attract and you can late payment fees is levied to the particularly delinquent instalment as well as other delinquent numbers on your CIMB Credit Cards membership according to the Cardmember’s agreement.
• Late payment charge: S$100 might possibly be billed in the event the (i) full commission of your an excellent harmony (where in fact the a great balance is actually S$fifty otherwise reduced) is not gotten from the fee deadline; or (ii) whether your lowest commission (where in fact the outstanding harmony is higher than S$50) specified on the report isn’t obtained because of the payment due time.
• Interest: dos.158% per month (effective rate of interest 25.9% p.a good. susceptible to compounding if for example the fees are not reduced in full) on exchange amount, rechargeable on a regular basis on the day off post up until receipt out-of full percentage (lowest costs off S$2.50).

Whether your lowest fee isn’t gotten in full from the percentage due date of every Charging you Declaration, loans charges could be levied at the price away from 2.333% monthly (energetic rate of interest off twenty eight% p.a. at the mercy of compounding) rechargeable on a regular basis, for the instance number while the is owed and you will due (susceptible to the very least monthly charge out-of S$dos.50 or including almost every other sum because may be dependent on the brand new Bank). This new financing fees have a tendency to return back to the brand new productive interest rate out-of 25.9% p.good. when lowest commission is actually received entirely from the fee due big date. One adjustment or reinstatement of interest rate should take effect of new time of these Billing Declaration shortly after brand new fee due big date away from another Recharging Report.

*Only applicable to New-to-Bank customers who apply for CIMB CashLite Personal Instalment Loan with minimum approved loan amount of S$1,000 and above. Terms and conditions governing the CIMB CashLite Personal Instalment Loan – NTB Interest Rate and Cashback Promotion 2022 apply. Please click here for full terms and conditions

^Merely relevant to own CashLite Individual Instalment Loan applications registered through CIMB site with minimal loan period away from 3 years and you will recognized loan level of S$5,100000 or more. Fine print governing this new CIMB CashLite Private Instalment Mortgage – NTB Interest rate and you can Cashback Strategy 2022 incorporate. Excite click here getting full fine print.

step one The acknowledged interest rate could well be calculated predicated on the exposure character and could differ from the fresh had written speed. When you’re a separate CIMB Borrowing Cardmember, you’ll receive a call from CIMB Financial once your CIMB Borrowing from the bank Card’s approval.

Please note the minimum amount borrowed try S$step 1,100 and you will be granted around a maximum of 90% of the borrowing limit.

For everyone Conditions & Criteria to your CIMB CashLite Individual Instalment Mortgage, you can learn a whole lot more from the hitting backlinks lower than: