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CIMB Bank Personal Loan

Get approved in 10 minutes with a CIMB Personal Loan! Absolutely ₱0 processing fee!

  • icon Interest Rate
    Interest rate (p.a.)
    13.47% - 23.36%
  • icon Min. monthly income
    Loan Tenure
    1 - 5 years
  • icon Min. monthly income
    Approval Duration
    Within 10 minutes
  • icon Min. monthly income
    Min. monthly income
    ₱ 15,000

Loan Calculator

icon New Base Rate Loan Calculator

Monthly salary 15000
Interest Rate
You Pay
Total Interest Payable
Total Amount Payable

Whats so great about CIMB Bank Personal Loan?

  • 10 minutes loan approval.

  • Borrow up to ₱1,000,000.

  • No processing fees.

  • Loan terms from 12 to 60 months.

Product Features

Min. Financing Amount ₱30,000.00
Max. Financing Amount Up to ₱1,000,000.00
Min. Loan Tenure 1 year
Max. Loan Tenure 5 years
Interest Rate Fixed rate of 13.47% - 23.36% per annum, 1.12% to 1.95% per month add-on
Approval Duration Within 10 minutes
Debt Consolidation No

Fee & Charges

One time set up
Processing Fee FREE
Stamp Duty ₱1.50 per ₱200 (fraction of) – to be deducted from disbursed loan amount
Disbursement & misc. fee N/A
Other Fees N/A
Early Settlement FREE
Late Payment Charges 5% from outstanding due amount or ₱300, whichever higher


Age requirement Age 21 - 65
Employment eligibility Employed or self-employed with at least ₱15,000.00 monthly income
Min. salary requirement ₱15,000 gross per month
Guarantor / Collateral requirement No

Other Requirements

Need to open linked bank account? No
Other details Method of payment - Both Online Banking (via DragonPay) and Over The Counter (Bayad and via Dragonpay). Also payment through CIMB Savings Account (manual payment or auto debit)

Review by iMoney

CIMB Bank is one of the top 5 largest banks by assets in ASEAN originating from Malaysia. Available in 16 global markets, they are now expanding to the Philippines to provide a seamless and highly efficient banking experience as an all-digital, mobile-first bank headquartered in Bonifacio Global City. Offering the best market rates, no initial deposit, and maintaining balance requirements on their savings accounts, their primary advantage lies in speed, simplicity, and security of their banking services that are free from transaction fees and all done in a matter of minutes using their mobile app. As for their personal loan product, you can borrow up to a maximum amount of ₱1,000,000 with initial approval in as fast as 10 minutes! With a highly competitive monthly add-on interest rate ranging from 1.12% to 1.95%, you can also enjoy zero processing fees and early settlement fees with a loan tenure of up to 5 years.

Advantages Of Applying With CIMB Bank Personal Loan:

  • Initial approval in as fast as 10 minutes.
  • High loanable amount up to ₱1,000,000.
  • Long loan tenure up to 5 years.
  • No processing or early settlement fees.

If you want to avail, take a look at the rest of the details below for more information regarding the product.

CIMB Bank Personal Loan FAQ

What is a CIMB personal loan?

An unsecured personal loan doesn’t require post-dated checks, a credit card, or a CIMB bank account. This loan is processed completely online using their app.

What does CIMB mean? Are they legit and is it safe to transact with CIMB?

CIMB stands for Commerce International Merchant Bank. It's a legitimate bank originating from Malaysia and is regulated by the Bangko Sentral ng Pilipinas, thus it's a safe bank to transact with.

How can I apply for a CIMB Bank personal loan?

You can apply for a CIMB Personal Loan through the CIMB app, or you do it conveniently through our apply form

Do I qualify? Am I eligible to apply for a CIMB personal loan?

You must be currently employed for 6 months and at least have a monthly income of ₱15,000 to be eligible for the loan. If you meet these two criteria, you will be eligible to apply for the loan.

How much can I borrow?

With an CIMB Bank Personal Loan, borrow as much as ₱1,000,000, subject to approval.

What is the interest rate and other fees, charges of CIMB personal loan?

Monthly add-on rates range from 1.12% to 1.95% (corresponds to annual contractual rates of 24%, 30%, or 36%). Document stamp tax of ₱225 and disbursement fee of ₱500

How does the CIMB Bank Personal Loan Calculator work?

The CIMB Bank Personal Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

What are the CIMB Bank Personal Loan Requirements?

An applicant must fulfill CIMB Bank’s eligibility criteria for a loan:

  • Must be at least 21 years old and no older than 65
  • Must be a Philippine citizen
  • Must have a Philippine mailing address and active local mobile number
  • Must have a minimum gross monthly income of ₱15,000
  • If employed:
    • must be tenured for at least 6 months or 1 year of continuous employment
  • If self-employed:
    • must be operating for at least 1 year.

What are the required documents when applying for a CIMB personal loan?

The basic documents required will be the following: An income document such as your payslip or ITR, proof of address such as your bank statement or utility bills, and 2 or 3 valid IDs.

Employed applicants need:

    • Completely filled-out and signed Personal Loan Application Form
    • Photocopy of one (1) valid photo-bearing digitized I.D.
    • One (1) full month’s payslip (issued within the last 2 months). If you have 2 half month documents, you can place them beside each other in a single photo; OR
    • Certificate of Employment issued within the last 2 months, must contain basic pay and signed by the employer; OR
    • BIR Form 2316 (W2)

Self-employed applicants need:

    • Completely filled-out and signed Personal Loan Application Form
    • Photocopy of one (1) valid photo-bearing digitized I.D.
    • BIR Form 1701

*Additional documents may be required during credit evaluation.

How fast is the CIMB personal loan approval process?

The loan approval and disbursement is only within 24 hours from the time you've completed the loan application process in the app.

How can I check if my loan application status has been approved?

You can check the loan application status through the app. On your app's homescreen, click the "product" option at the botton, the choose "personal loan".

Once approved, how can I receive my loan?

The approved loan amount will be sent directly to your CIMB account.

How can I check my CIMB personal loan balance?

On your app's homescreen, click the "product" option at the botton, the choose "personal loan".

How can I repay my loan?

You do online payment using dragonpay or visit of their 8000+ partner locations such as bayad nationwide and pay over the counter. But first, go to your app and find the payment details under "My Personal Loan" section.

Is early settlement allowed for CIMB personal loan?

Early settlement is allowed but you are still expected to pay the agreement amount with the interest rates in full.

When can I re-loan with CIMB Bank?

You can reloan once you've completed a loan cycle.

Is it possible to cancel your CIMB personal loan application?

You can cancel your cimb personal loan application anytime until its approval stage. Simply go to the "Loan Summary" under the "Personal Loan" page in your app. Just click the "Leave Application" should you decide to cancel it.

What else can I do if my application for CIMB personal loan is rejected?

The only thing you can do is to wait for another six months to apply for CIMB Personal Loan again. During that time, it's best to open a CIMB account and build a good credit record with it.

How can I get a CIMB loan from Gcash via Gcredit?

You need to reach the required GScore in your Gcash to be eligible for the CIMB loan via Gcredit. You can increase your score simply by using Gcash to pay your bills, invest, or save money. You can go to your Gcash app and find "Gcredit" to see more information.

What is the interest rate of Gcredit?

Gcredit's interest rate is as low as 3%

Can I pay my CIMB loan via Gcash?

Yes, you can use Gcash to pay your CIMB loan. You can find that option under "Loans" in Gcash.

How much can I borrow using Gcredit?

You can borrow as much as ₱30,000 with Gcredit.

How does my GScore affect my Gcredit?

Your Gscore will determine your eligibility for the Gcredit. If you haven't reached the required score, you will not be eligible.

Is CIMB Bank Personal Loan the right one for me?

Given the astonishing pace of today’s technology, advancements in banking and finance is leading the way in changing the process on how you perform money transactions. Having the primary aim of providing services that will make financial processes as seamless and effortless as possible, CIMB Bank is now bringing their brand of digital banking to the Philippines. With convenience as their key point, they have invested heavily on their mobile app to provide a high quality digital platform while strategically partnering with a network of fund transfer providers such as Gcash, Myeg, Dragonpay, 7-eleven, Bayad Center, and Pesonet to help deliver their services to the widest audience as possible. As their plan rolls into motion, expect better, faster, and easier financial transactions covering their savings account and personal loan products.

Being in a situation where you are short on funds can be a worrisome ordeal. Avoid further stress and resolve it in the soonest possible time. If the current option doesn’t fit your needs, below are similar alternatives that you can consider:
RFC Personal Loan

RFC guarantees you’ll receive the funds you need when you need it most. A fully Filipino-owned company for more than 50 years, RFC offers a variety of financial solutions that can cater to different requirements ranging from car loans to business loans. As for their personal loan that caters to the common everyday employee, with a minimum gross salary of just ₱7,000 per month, you can take a loan starting from ₱5,000 up to ₱50,000 without any collateral. With an interest rate starting at 3.5% per month, you can repay the loan with flexible tenure from 3 up to 12 months. The application process is fast and efficient, with cash disbursement within 3 - 5 working days.

Tala Philippines

Even as a newcomer in the lending industry, Tala Philippines is as efficient as they come. Available in select countries worldwide, Tala offers a highly convenient option in accessing fast and reliable loan services straight from their mobile app. Just download their Android app and you can easily apply for a loan in just a few taps! Without having to worry about the required minimum monthly income, you can borrow from as low as ₱1,000 up to ₱10,000 without the need to have a credit card or provide any form of collateral. You can receive fast approval within the same day and cash disbursement the day after. The interest rate starts from 15% - 15.7% per month and you just have to be 18 - 65 years of age.

Security Bank Personal Loan

As one of the stronger, Filipino-owned, private universal banks in the country, Security Bank focuses on the customer’s needs with bespoke financial services that would cater to any type of requirement. For those in need of urgent funds, the Security Bank personal loan is a multi-purpose, low-interest instrument that could remedy a borrower’s cash-strapped situation. With a loan amount starting from ₱30,000 to as high as ₱2,000,000, you can borrow with flexible payment terms ranging from 1 up to 3 years. Easily get the cash you need in as fast as 5 business days from the time of application. The annual interest rate starts at 29.48% with a low monthly add-on rate of just 1.89%. To qualify, you need to have at least ₱15,000 gross monthly income for those living within Metro Manila, and ₱12,000 for those living outside. You have to be 21 - 65 years of age to be eligible.

There are still other options available that could match your funding requirements, be it for business or personal use. You can browse through our list of online cash loan providers, review their terms and conditions, and choose the right product that fits your need.