Hi guys,

Has anyone tried applying for the CIMB cash express before? They r giving up to 5 times our monthly salary? I'm planning to apply...but not sure if its the best choice:)

Anyone who tired before...pls share your experience...

How much did they give?
How long is the payback duration?
How much interest they charge?
What r the required documents?
How long to approve?

Thanks guys...

better go to al-rajhi bank, their also given 5 times salary. just go to al-rajhi plaza pantai and bring along 3 month payslip, 3 month bank statement and IC. easy no need job confirmation what so ever. got my money today.. i was so happy!!!

p/s: 10K loan u just pay rm233 per month for 5 years. u do the math! approve just 48 hours.

care to give more info bro?
i dont have a account with al-rajhi...can i still apply?
wht bank statement i need to bring along?

alrajhi have some disbursement fee of.. dunno how many hundreds..

so, in short get a loan of RM10k, you won't get 10k nett....

u mean they will charge the interest first like ah long?

is it something like if got charges RM300 then if u loan RM10k u get RM9700 only rite?

that's what happen to my friend lor.

hi..

I am was CIMB Express Loan Processor B4,..I think I can help you solve out the issue you req:-

Ya..they can gv you 5 times of your monthly salary, yet is subject approval. A lot of stuffs need to evaluation b4 can approve. Previously, they didnt gv full amount due to deduction of 2 mths advancement of your repayment..Now no more, they gv full already. Even, in mortgage CIMB didnt charge for service fees, like what PBB 6 mths pay RM10, or even other bank pay RM10 yrly.

How long??its depends on you..how much you may afford to pay for mthly repayment? But yet its also subject approval.. About interest?? hahhaa 3% per mth, frd.

B4 you really want apply loan? plz ask yourself..are you sure really need personal loan?? WHY you Need it??

FRDS.. dont simply apply loan, esp personal loan...unless you need urgent or something.. imagine yrly int pay 36% for repayment.. then what about your saving int? only 0.1% even lower or can compare with fixed deposit only 3.7% yearly..I believe you can count yourself oh..

Frds.. Think of saving..made habbit urself saving and not loaning or wasting..How old are you?? Shd you plan something for your future??

Think carefully oh..If really need money urgent frd...do more survey ya..CIMB its quite easily get approval but yet need subject apporval..easily means requirement is low compare with otr bank.

Documents: Your IC, 3 mths salary slip, 3 mths bank statement atch with ur salary, FD if you hv its good for every loan approval..of corse its not expired dated la..then submit along your EPF ya.

Normally take 1 weeks la..depends on slaes/branch submit to HQ (loan processor department)

Ok..if any jz pm me..

all the best frd

last month i already apply for cimbexpress loan buat fail. that is my second time.. they call me for but send me sms and said not aprove.. don't know why.. i apply for RM4000 and my salary is rm1.1k and no car loan or credit card.. also live in company house..

hi! eXpert..

your problem same like me. i already applying CIMB Xpress 3rd time but still rejected. then, i go CIMB credit department to ask for more information why my loan is rejected! then he said my EPF not enough i mean "EPF Penyata" 6 month. dats mean i still in probation in working. so how long you are working now? that's is my Question for you. if you are working less then 6 month, my be got a problem here. try to ask for more information at CIMB credit department.

Yeah, same as me too.. I dunno why the CIMB XPRESS dun approved my application.. My basic is more than RM800 at RM1.3k, 1 year working duration, including perfect EPF statement with related submission for approval.. But, still they reject.. For me single and no loan I am still having difficulties applying it..

But, i still remember that my friend not working for 6 month, salary at RM700 per month, customize EPF statement... Have been approved.. Huh..

you guys must be really out of your mind to consider applying for CIMB personal loan. 36% per annum??? WTF???
havent u guys heard of HSBC, standard chartered, hong leong bank etc etc? all also within 10% per annum!!

even if you owe credit card also 18% per annum!!

Just went to the CIMB branch during lunch break. Got attracted by this Express Cash ad and I asked the personnel there- she said for private sector, can apply up to 5 times salary. U only need to bring your I/C copy, EPF statement, and 3months pay slip. And the interest will be 2% per month. The duration, depend on u lorh... and it's going to take about 24-48 hours approval, in case the HQ didn't receive the application form faxed earlier from the branch, they'll wait for the original form hoh.

This post has been edited by eva anh: Oct 29 2009, 06:42 PM

2% per month ? CRAZY ! If you really need a personal loan try to apply from Public Islamic Bank. Their interest makes much more sense at either 3.40%/pa or 4.99%/pa posted by Joseph Hahn.

for those who could not read numbers..i love to highlight here that CIMB express is the DADY of all personal loans in the town. The interest is 110% of the amount borrowed..in layman word if you borrow 10K means you will repay them 20K++. Just sharing here tq

Sorry, what's a DADY ? It has no meaning.

But its only for govt servants via Angkasa or AG network only. Correct me if I'm wrong.

so before i succumb to this license loan shark, is there any other loan that required very little document, fast approval such as cimb cash express yet much lower interest? thanks!!

Don't be a victim to CIMB express cash victims. I'm one of the victim. This is a blood sucker bank!!! Charge interest so high like a mountain. Try other banks. SAY NO TO CIMB!!!

well...CIMB is ok, its just that this particular loan scheme they offered is not so...erm..good.
other services are still ok

Well, i dont think you can considered yourself as a victim. They didnt force you to take their loan, right? There are so many personal loans out there and yet you chose them without understanding their rates and charges. Whose to blame than?