In need of extra funds for an emergency, home improvement, or business expansion? A personal loan can be a great solution to help you manage financial needs efficiently. CIMB Bank Philippines offers a seamless, all-digital personal loan application process, making it easier than ever to access financial assistance when you need it. Here’s a step-by-step guide to help you apply for a personal loan with CIMB Bank.
Why Choose CIMB Bank for a Personal Loan?
CIMB Bank is known for its fully digital banking services, offering convenience, competitive interest rates, and fast approval processes. Here are some key benefits of applying for a CIMB personal loan:
Loan amounts from PHP 30,000 to PHP 1 million
Competitive interest rates as low as 0.83% per month
No early repayment fees
100% digital application—no need to visit a physical branch
Quick approval and disbursement within 24 hours upon final approval
Eligibility Requirements
Before applying for a CIMB personal loan, make sure you meet the following criteria:
Must be a Filipino citizen residing in the Philippines
Aged 21 to 65 years old
Must have a minimum gross monthly income of PHP 15,000
Must have a valid government-issued ID
Must have a Philippine-based active mobile number and email address
Must have a CIMB Bank savings account (if approved for disbursement)
Step-by-Step Guide to Applying for a CIMB Personal Loan
Step 1: Download the CIMB Bank PH App
To begin your loan application, download the CIMB Bank PH App from the Google Play Store or Apple App Store.
DOWNLOAD CIMB APP PLAYSTORE APP HERE
DOWNLOAD CIMB APP APPLE APP STORE HERE
Step 2: Sign Up or Log In
If you’re a new user, create a CIMB account. If you already have an account, simply log in.
Step 3: Start Your Loan Application
Navigate to the loan section and select “Apply for a Personal Loan.” You will need to provide details such as:
Loan amount and preferred repayment term (12, 18, 24, 36, or 48 months)
Personal information
Employment details
Monthly income and expenses
Step 4: Upload the Required Documents
CIMB may require you to submit additional documents such as:
Valid government-issued ID (e.g., passport, driver’s license, UMID, PRC ID, etc.)
Proof of income (payslip, ITR, or certificate of employment for employed individuals; business permits and bank statements for self-employed applicants)
Step 5: Review and Submit Your Application
Double-check all your details before submitting your application. Ensure all documents are clear and accurate to avoid delays.
Step 6: Wait for Approval and Disbursement
Once submitted, CIMB will evaluate your application. You can track your loan status through the CIMB Bank PH App. If approved, your loan amount will be disbursed directly to your CIMB savings account within 24 hours.
Loan Repayment Process
Loan repayments can be made through:
CIMB Bank PH App (via auto-debit from your CIMB account)
Over-the-counter partner payment centers
Online banking transfers
Final Thoughts
Applying for a personal loan with CIMB Bank Philippines is simple, convenient, and fast. With its digital application process, competitive interest rates, and quick disbursement, CIMB is an excellent choice for anyone looking to secure a personal loan.
Before applying, ensure you understand the terms and conditions, and borrow responsibly. If you meet the eligibility criteria and need financial assistance, download the CIMB Bank PH App and apply today!