Guide on CIMB Personal Cash Loan Minimum and Maximum Loanable Amounts
CIMB PERSONAL CASH LOAN – You can check the guide below for the amounts that you may borrow under the CIMB Bank loan offer.
One of the trusted banking entities in the Philippines is the CIMB Bank. It offers savings account and loan among others and these are accessible through the branches of the bank nationwide.
A loan offered by the bank is the CIMB Personal Cash Loan which can be applied for online. It attends to 100% convenience on loan applicants as all processes can take place digitally – you do not have to leave work or home to apply for the loan.
Who is eligible to apply for the CIMB Personal Cash Loan offer? To be eligible for this loan, the applicant-borrower must fulfill the following requirements:
- Age: The applicant must be at least 21 years old at the time of loan application, with a maximum age limit of 65 years upon loan maturity.
- Citizenship and Residence: The applicant must be a Filipino citizen and a non-US resident.
- Address and Contact: The applicant must have a Philippine mailing address and an active Philippine mobile number.
- Income: The applicant should have a minimum gross monthly income of P15,000.00.
- Employment: If employed, the borrower must have a minimum tenure of 6 months or 1 year of continuous employment, unless employed in the top 15,000 corporations. For self-employed individuals, the borrower must have been operating a business for at least one year.
How much can you borrow under the CIMB Personal Cash Loan offer? The loan offer provides a range of minimum and maximum loanable amounts:
- Minimum Loanable Amount: P30,000.00
- Maximum Loanable Amount: P1 million
The CIMB Bank loan application process is entirely digital, as mentioned earlier. All necessary procedures can be completed within as little as 10 minutes by visiting the official CIMB Bank website.
Please be aware that all loan applications are subject to bank approval. If your application is approved, the loan proceeds will be instantly disbursed if you have a CIMB Bank Savings Account. However, if the funds are to be transferred to other bank accounts, it may take 1-2 working days for the release.
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