first thing first, Xpress cash with cimb is fast, but it comes with highest effective interest rates (EIR)
2. as most of our loans are calculated with rule of 78 which cause everyone to pay the interest first before reducing the principle. first few years you will be paying a lot of interest. but not the principle, you can check how many principle left under Outstanding Principal. while the total interest plus principle will be under section Outstanding Balance under your loan detail.

if your cimb xpress outstanding balance is less than outstanding principle, you might be offered a rebate but this is not guaranteed.


as a result. take it as learning outcome that never take xpress cash with cimb .. its fast, but you are surely have to pay more. you can actually ask the officer what personal loan that cimb offers and carefully think before you take any.

cimb credit card loan interest is about 15-18% EIR, cimb cashlite... about 10 to 24% EIR... your xpress cash is at 18.62 lol.


im not specifically against cimb or whatever bank , but as a consumer, we are in control of what we need. dont easily get into debt traps.