Here’s a detailed guide on how to apply for a CIMB Personal Loan, focusing on the Philippines, as they may have slightly different processes in other countries:
Eligibility Requirements:
- Filipino citizen or foreigner with legal residency
- 21 to 60 years old
- Minimum gross monthly income:
- Employed: ₱15,000
- Self-employed: Business should have been running for at least 2 years.
- Valid mobile phone number
How to Apply CIMB Personal Loan
There are two main ways to apply for a CIMB Personal Loan:
1. Through the CIMB Bank PH App
- Download: Get the CIMB Bank PH app from the App Store or Google Play.
- Open an Account: Select “Open an Account” and then “Personal Loan”.
- Eligibility Check: The app will do a quick check.
- Provide Information: Enter the loan amount, tenure, contact details, etc.
- Upload Documents: Take clear pictures of required documents:
- One (1) valid government-issued ID
- Proof of Income (see below).
- Wait for Approval: Decisions often come within hours or a day.
2. Visiting a CIMB Bank Branch
- Find a Branch: Locate a CIMB Bank branch near you.
- Speak to a Representative: They’ll guide you through the process.
- Provide Documents: Bring the originals and copies of the same document requirements, including proof of income.
Proof of Income Options:
- Employed
- Latest 1-month payslip
- Certificate of Employment
- BIR Form 2316 (W2)
- Self-employed
- Latest 1 year ITR (Income Tax Return)
- Latest 3 month bank statements
- DTI or SEC Business Registration Certificate
Additional Notes
- CIMB boasts of fast approval times. You might get a decision within the same day.
- You can track your application progress through the CIMB Bank PH app.
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