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?

for goodness sake!!! Why r u ppl here applying for personal loans?? Come-on, some of u only earn RM800 - 1300.... have u ever wonder what went wrong? What the heck happened? Overspend? GF wanna buy LV handbag? CC bills? Getting married? Renovation?

Instead of personal loans thread, can you guys go thru those "how to save $$" threads and do something for your future? For your own sake

1) overspend? - what the heck happened? Cant even resist temptation? Why not save enough $$ b4 buying it? Eg. If wanna buy a RM1200 watch/handbag, save RM100 every month, then 1 year later only buy!! (chances are, some might not even buy after 1 year of savings.... this is a way to deter emotional spending)

2) GF wanna buy expensive stuffs? - if she is like that, better find another gf... if u marry her, your life is ruined!! Your name in CTOS someday!!

3) CC bills? - no need to get personal loan to settle it. Just cut your card, pay minimum payment every month.. it will be fully settled in about 24months. If you wanna save more interest, do Balance transfer instead.... NO PERSONAL LOAN pls... interest higher than CC

4) Getting married? refer # 1

5) If biz is a sure win, go ahead and do it.. else dont bother... coz if biz cant tahan for 6 months, then close shop, or get into more borrowings,,, sure bankrupt 1 day!!

6) Renovation? - come-on... your hse is so much better than 90% of the population in India!! If got $$, then by all means, have a better life... but to borrow personal loans for this?? Get real

go learn more on money management, B4 filling up that personal loan form

oh yah, for those who earns 800-1300 and u r smoking, go find a mirror and slap yourself twice in front of it.... 30 packs a month X RM10 = RM300 ... enough for you to pay installment for a brand new car!! Look cool for smoking? Think again

Interest & processing fee & stamp duty... all personal loans have this. Is this your FIRST time getting one? If you don't want interest/processing fee/stamp duty... borrow from 'ma & pa' lah....

p/s: nemoexcel.. this thread IS about personal loan... why don't you open up new thread on Saving Money topic elsewhere. it's not that people DONT know or DONT like to save... things can always go wrong somewhere somehow & that's why people need money to make up for it.

This post has been edited by jessecca8600: Nov 10 2010, 10:15 AM

why r u so sensitive? If i open a thread on saving $$, do u think ppl who wanna apply for personal loan will open it?? Can you look at it that I might be giving advice to ppl who MIGHT be getting the loan for the WRONG purpose?? Hey, a person earning RM800-1300 is applying for personal loan here. If they are in debt already, then they are digging a deeper hole by applying another personal loan. If they are not in debt yet, then maybe someone like me should voice out and open up their eyes!!

I DIDNT say ppl should NOT apply for personal loan... read carefully!! My point was if they apply for the wrong purpose, then its not wise! Yes things can go wrong somewhere and they need money to make up for it... is renovation part of that something go wrong? Is buying a LV handbag for GF something went wrong? !! U did not read my post properly and simply shoot. Dont u know that 80% of the ppl who ends up in bankruptcy (due to cc/personal loans) are because of ppl like YOU who dont even know what u're getting your feet into?

If your children ask for a box of condom, do you just give it to them and tell them "take this condom, you need it to protect yourself from something wrong" .... or do you pull him/her to sit down and start to educate them on sex education and its responsibility?

p/s : jessecca, Interest yes, all personal loans have this... But processing fees and stamp duties are NOT COMMON. I wonder who is giving advice here!! A FIRST time personal loan applicant? Or a person with personal loans with all the banks who charged her processing fees/stamp duties? Or a personal loan sales officer whose loan has processing fee/stamp duty????

This post has been edited by nemoexcel: Nov 10 2010, 11:56 AM

CIMB suck lah.With my income rm4k monthly they rejected my gold card and housing loan application.Standard chartered bank offer me PLATINUM card

I thought CIMB is quite lenient in giving credit cards. Or you have too many cards on hand?

I just have 2 citibank and 1 hong leong gold card.Why SCB can give me Platinum card if i am not qualified?Or CIMB credit card very high class

lol..... in that case, i wont apply for SCB plat .. how much limit they gave u? RM15K? ... lol

i heard the interest is high, is it true?

Why u say so?

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Added on November 15, 2010, 11:19 amInterest mostly same as ah long

This post has been edited by nokiaXP: Nov 15 2010, 11:19 AM

Don't know why you guys don't mind paying that interest. To me, banks and ah long make no difference as they take away your precious.

It's not about how much you can save in a day but what is more important is how much you can make in a day...

Good words Evera!

CIMB is suck.....my friend took 5k on may 2008, n paid 200 monthly. but when she cal cimb to ask the statement, it still 3200 left..!!!

Dont get confuse, if u ask for balance/statement, thats the figure (Principal + Interest). If u ask to fully settle/payoff, they will give u a rebate which means deducted all ur interest remaining. Thats how Islamic Banking Works. High and fixed interest but recomended to those are wish to settle early.
Correct me if im wrong.

By the way, CIMB EXPRESS is not a good choice. Problem every month when u going to pay via cash deposit machine. I need to bring extra notes in case the machine rejected my money. (always happened). Very hard to reach thier CS operator. Keep passing the number and transfer line to wrong dept. Until now, im still not recieve my fully settlement statement. Its been 2 months since i faxed my letter to them and keep give the reason they are still preparing. In the end of the story, they have lost my letter and ask me to re-fax again...

I really cant tahan to serve thier very high interest.. was applied loan due to 10% of my house deposit.. short of RM3k..

its 24%pa interest rate so if u loan 5k for 5year...
5k + interest = almost 10k...

Really menyesal till now. but wat to do, i need the house for my investment.. going to settle by next month. hope they will issue me a correct amount.

i borrowed for cimb x press cash 15 months ago.. RM5k and repay back in 5 years..monthly rm184! the total i gonna pay is rm11k! its 24% per month! i request for early settlement few days ago.. i receive a call from cimb.. and if i wan settle early, the amount is still rm4994.. nearly 5K also.. so all the while i just pay for my interest only.. rm2760 i paid is for the interest only? but i just borrow for 15 months only wor? any people can help with this ? thanks very much

Not really. The T&C was really clear, that you are paying through the roof for but in return, getting fast cash. You can try to negotiate for a lower amount, but I doubt you will get it at any much lower.

Does that mean that you are planning for early settlement but they bank ask you to pay back near to the original loan amount of RM5K ? .. The previous paid amount of RM2760 is not deducted from the total borrow amount ?
Did they came out with any calculation table for your reference .. ?

simple u could go do a survey n i could even tell u that 7 out of 10 loan borrowers r borrowing for their own enjoyment not for emergency purposes

in the 1st place they should learn to save for an emergency fund at least b4 doing these stuff

i guess u 1 must of of them being so defensive wit lv, gucci, prada handbags parading it publicly when we know whose the actual owner

I cant find this product from CIMB site

I got a call today by CIMB, offering me Rm 14k with interest 4.99%, 5.99%, 6.99% for 1 year, 2 years, 3 years installment.

not processing fee, no admin charges, it will charge to my CC straight.

Guys, it is ok? plan to take it for coming shares market after election~

if u are confident u can make shitload of money from stocks, by all means go ahead

banks 'own' you until you pay them back, while you 'slave' away. Better think carefully before you make this commitment, and your expenses can only go up, not down as you go along every year.

what is your basic? I was about to apply same amount...

So my wife apply these cimb cash express 2 years ago.

We want to do settlement. Weird thing is balance 10668. but we received the letter stated need to pay 10868. is this how cimb work?

same issue here bro...weird. gonna go ask them later.