CIMB (Commerce International Merchant Bankers Berhad) Group is an ASEAN universal bank and a world leader in Islamic finance, with 234 branches in Malaysia. To meet the needs and demands of today’s customers, CIMB offers a wide range of products and services, including consumer banking, commercial banking, investment banking, Islamic banking, and asset management. CIMB Group Holdings Berhad, on the other hand, has been listed on the Main Market of Bursa Malaysia since 1987.
What is a home loan?
A home loan is a sum of money that you apply for or borrow from a bank to assist you in purchasing your dream home. Each loan will be charged an interest rate determined by the loan amount and the repayment period. So, keep in mind that each bank will have a different interest rate, and you should do some research before applying for a home loan.
What type of home loan does CIMB offer?
CIMB provides various types of home loans:
CIMB Conventional Loan
Home Loan
Home Flexi
HomeFlexi Smart
Vacant Land Flexi Smart
Vacant Land Financing / Flexi Vacant Land Financing
OD Against Property
Overseas Mortgage Loan
BizLoan / BizLoan with OD
Malaysia My Second Home (MM2H)
BizFlexi Smart / BizFlexi
HomeLoan with OD
Business Premises Financing-i / Flexi Business Premises Financing-i
CIMB Islamic Loan
HomeFlexi Smart-i
Flexi Home Financing-i
Term Financing-i
Malaysia My Second Home-i
BizFlexi Smart-i
Flexi Business Premises Financing-i
Business Premises Financing-i
Variable Home Financing-i
What should I know before applying for a home loan?
Interest rates
You must be aware of the interest rates that the bank will charge you, either fixed interest rates or variable rates.
Type of loan
In Malaysia, there are 3 types of loans offered: term loan, semi loan, or flexi loan.
Lock-in period
Knowing the lock-in period is crucial because it often occurs when there is a sudden need for full settlement, refinancing, or selling your property.
Margin of finance
You must understand your margin of finance, which is the amount of money that a bank will allow you to borrow for your loan and how much cash/ upfront you must pay for the property.
Fees
The fees include legal fees, stamp duty charges, late payment fees, early settlement fees, and others.
Type of bank
The bank you have chosen to apply for a home loan with, as different banks offer different loan amounts, terms, etc. Choose a bank where you are comfortable applying for a home loan.
Who is eligible to apply for CIMB home loans?
General
Every individual above 18 years old is eligible to apply for CIMB home loans in general.
Overseas Mortage Loan
London: Not a permanent resident or citizen of the UK
Australia: Not a permanent resident or citizen of Australia
Above 18 years old
CIMB Preferred and Private Banking customers
Malaysia My Second Home & Malaysia My Second Home-i
Participants who place Fixed Return Income Account-i / Fixed Deposit with CIMB under MM2H Programme can apply for this loan.
Why should I choose CIMB home loans?
It provides a variety of home loan financing options to suit your needs
CIMB also offered Shariah-compliant loans based on Commodity Murabahah
Enjoy repayment tenure period up to 35 years or 70 years of age, whichever is earlier*
Get up to 75% margin of financing (inclusive Group Mortgage Term Assurance (GMTA)) for Overseas Mortage Loan*
You can deposit and withdraw the excess amount at your convenience*
Group Mortgage Term Assurance (GMTA) can be financed*
*Depending on the selected home loan.
Who should I contact for further information about CIMB home loans?
For more information or assistance with the CIMB home loans,
Contact CIMB Consumer Contact Centre at +60362047788
Walk to the nearest CIMB Bank branches
What are the documents required for CIMB home loans?
Identification documents
Malaysian citizen
Copy of NRIC
Sales and Purchase Agreement/ the developer’s booking form
Foreigner
Copy of passport (minimum 6 months validity) or MYPR
Sales and Purchase Agreement/ the developer’s booking form
Income documents
Salaried employee
Latest 3-month salary slip
Latest EPF statement/ latest 3-month bank statement with credited salaries
Commission earner
Latest 6-month commission statement
Latest 6-month bank statement with the credited commission
