CIMB Xpress Cash Financing-i

CIMB Bank Berhad


Financing Amount: RM3000 – RM50000
Financing Tenure: 1 to 5 Years
Profit Rate: 18% p.a – 24% p.a
Loan Features: Fast Approval, Islamic, Low Income, Unsecured
Employment: Private Sector Employee, Self Employed
Minimum Yearly Income: RM9600
Age Eligibility: 21 to 60 Years Old
Debt Consolidation: No
CIMB Xpress Cash Financing-i

CIMB Xpress Cash Personal Financing-I is an islamic loan from CIMB Islamic, a division of CIMB Bank Berhad which specialized in Islamic banking. As with other Islamic financing, CIMB Xpress Cash is based on Bai Al-Inah concept. This personal loan offers fixed interest rate and minimum requirement for applicant. Financing amount start from as low as RM3,000 and up to RM50,000 with flexible repayment terms.

CIMB Xpress Cash Financing-i Features

CIMB Xpress Cash Personal Financing-i come with several attractive features to attract potential applicant. Some of them are:

  • Flexible financing amount
    CIMB Xpress Cash offer flexible financing amount from RM3,000 to RM50,000.
  • Flexible repayment schedule
    This CIMB personal loan offer repayment plan from 12 months up to 64 months.
  • Fixed profit rate
    With Bai Al-Inah concept, CIMB Xpress Cash Personal Financing-i profit rate start from 18% and up to 24% per annum.
  • Low monthly repayment
    Monthly repayment as low as RM95 based on loan amount and loan tenure
  • Flexible age requirement
    CIMB Xpress Cash Personal Financing-i accept applicant from as young as 21 years old up to 60 years old.
  • Minimum salary requirement
    CIMB Xpress Cash minimum salary requirement start from RM800 monthly, or RM9,600 yearly.

These features make CIMB Xpress Cash personal loan as one of the best Islamic personal financing currently offered in Malaysia.

Requirements & Eligibility

The most attractive feature of CIMB Xpress Cash Personal Financing-i is the minimum requirement, especially minimum wages and age eligibility.

General requirements

  • Malaysian PR
  • Age between 21 and 58 years old.
  • Minimum monthly income is RM800, or minimum annual income is RM9,600.
  • Not blacklisted by AEON or any other banks in Malaysia.
  • Not under Special Attention Account (SAA) – Pemerhatian Khas.
  • Not under the Debt Management Programme by AKPK.

For private employee

  • Have been working for more than 6 months with the employee.
  • Able to provide 6 months or more EPF statement.

For self-employed

  • Registered business with Suruhanjaya Syarikat Malaysia (SSM) for more than 1 year.
  • Registered bank’s current account with monthly transaction more than RM5,000.

Not eligible to apply?

If you didn't meet the requirements to apply, you can use our "Check Eligibity Form" to find the best personal financing plan for you.

Documents Needed

As with other bank’s personal loan in Malaysia, you will have to provide several documents to apply for CIMB Xpress Cash Personal Financing-i. The documents differ according to your career types.

Private Sector

If you are working in the private sector, you need to provide these documents when applying for AEON iCash.

  1. Original copy of NRIC.
  2. Latest 3 month’s salary slip (if your salary is deposit directly into a bank) or latest 6 month’s salary slip/voucher (if your salary is paid by cash or cheque).
  3. Latest 3 month’s salary crediting bank statement (if your salary is deposited to a bank).
  4. Latest EPF statement (6 months minimum)

Self-Employed

For a business owner or self-employed, you will need to provide these documents to apply for AEON iCash.

  1. Original copy of NRIC.
  2. Company Business Registration Certificate (ROC & ROB). Registration must exceed 1 year.
  3. Latest 6 months company’s current account statement.
  4. BE/E form & Tax payment receipt.

Repayment Schedule/Table

Below is the repayment schedule for CIMB Cash Plus. Click on the image for a larger view.

CIMB Xpress Cash Personal Financing-i repayment schedule
CIMB Xpress Cash Financing-i Installment Table.
This table is for illustration purpose only. Your CIMB Xpress Cash Financing-i installment may vary according to several factor including (but not necessary) ongoing promotion, interest/profit rate, financing amount, financing tenure, base rate (BR), credit score and your income.

Charges & Fees

CIMB Xpress Cash Personal Financing-i does not charge you any handling or processing fee. The only charge is 0.5% stamp duty from the whole amount of the loan.

There is also an optional choice for you to opt for Takaful Insurance that come with this personal financing plan.

However, there is a 1% charge for late payment.

How to Apply

Important!

Before applying, make sure you have read the Requirements & Eligibility section above. There's no point in applying if you are not eligible to apply for this loan.

You can apply for CIMB Xpress Cash Financing-i by visiting any of CIMB Bank Berhad branch.

You can also apply online from the comfort of your home or office using RinggitPlus service. It’s free and in some cases you will get quicker result with higher approval rate. Read more below.

Apply CIMB Xpress Cash Financing-i with RinggitPlus

Do you know you can apply CIMB Xpress Cash Financing-i through RinggitPlus? The process is 100% online without you having to leave your office or home.

Just submit your name, phone number and RinggitPlus will call you within 24 hours and guide you step by step through the application process. And their service are 100% Free of Charge.

If you would like a hassle-free CIMB Xpress Cash Financing-i application, give RinggitPlus a try. Click APPLY NOW button and apply for CIMB Xpress Cash Financing-i through RinggitPlus right now.

You will be redirected to RinggitPlus website. On the website, click Apply Now to proceed with your application.

CIMB Xpress Cash Financing-i Review

CIMB Xpress Cash Personal Financing-i is an attractive personal loan plan from CIMB Islamic. Although the interest rate is a bit high compared to other personal financing plans in Malaysia, the minimum requirements and the high approval rate outweigh this shortcoming. This personal loan is suitable if you are looking for a quick cash and are able to choose shorter settlement terms.

CIMB Xpress Cash Financing-i

Pros

  • Low minimum salary requirement.
  • Fixed profit rate.

Cons

  • High profit rate.
  • Short financing tenure.

Our Rating

3.5

Out of 5

Frequently Ask Questions on CIMB Xpress Cash Financing-i

Below are some of the frequently ask question regarding CIMB Xpress Cash Financing-i

What is CIMB Xpress Cash Financing-i?

CIMB Xpress Cash Financing-i an Islamic Personal Financing plan from CIMB Bank Berhad.

Who can apply for CIMB Xpress Cash Financing-i?

CIMB Xpress Cash Financing-i is offered to Malaysian Citizen aged between 21 and 60, working in the Private Sector, Self Employed with a minimum annual income of RM9600. Please refer to the “Requirements and Eligibility section” for the complete requirements.

How much can I borrow from CIMB Xpress Cash Financing-i?

You can borrow from RM3000 up to RM50000. However, final approval amount will depends on several factor such as your income, credit score, etc.

How long is the financing tenure?

CIMB Xpress Cash Financing-i offer a financing tenure from 1 to 5 years. However, maximum financing tenure will depends on CIMB Bank Berhad final decision.

How can I apply for CIMB Xpress Cash Financing-i?

Please refer to the “How to Apply Section” above.

How long do I have to wait for result?

Usually you will get your CIMB Xpress Cash Financing-i application’s result in 1 to 7 working days after you have submitted the required documents.

How much do I have to pay every month?

Please refer to the “Loan Repayment Schedule” above.

Can I apply CIMB Xpress Cash Financing-i for Debt Consolidation?

No, this loan is not available for debt consolidation.

Can I apply if I am blacklisted in my CTOS report?

Sorry, you can’t apply for CIMB Xpress Cash Financing-i if you are blacklisted in your CTOS report. However, if you are blacklisted by non-financial institution such as telecommunication companies, easy payment scheme, etc, you are eligible to apply.

Can I apply if I have a bad credit score in my CCRIS report?

Sorry, you are not eligible to apply for CIMB Xpress Cash Financing-i if you have outstanding credit in your CCRIS report.

Can I apply if I’m under AKPK Debt Management Programme?

Unfortunately no. You cannot apply any bank loans if you are under the AKPK Debt Management Programme.

I have other questions regarding CIMB Xpress Cash Financing-i

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