CIMB Housing Loan


CIMB Housing Loan

CIMB Home Loan is a property loan provided to borrower with conventional terms and variable interest rates based on floating rate offering a financial from RM 15,000 and above. This property loan packages can be used to cover completed properties and properties that still under construction. However, properties that still under construction require borrowers to service the interest rates. The property loan also features Base Rate and Capped Rate. Whereas the Base Rate is more into monthly repayment that would cause some problem to the borrowers, Capped Rate gives the borrowers the advantage of re-pricing option in every 3 to 5 years without having to refinance.

CIMB Home Flexi is another property loan product from CIMB that shared the same interest rate at 4.65% with CIMB Home Loan. This property loan gives a minimum of RM 200,000 to the borrowers and is also a loan with high repayment flexibility. Each of CIMB property loan have a 3 years holding period and tenure up to 35 years or until the borrowers is 70 years of age whichever comes first. Currently, both loans subjected to CIMB approval and borrower’s credit check can finance up to 90% for the first two properties and 70% for subsequent properties.


The loan needs the borrowers to be at least 18 years old to 70 years old by the end of financing with a minimum annual income of RM 24,000 and is open to any nationalities including the foreigners under the Malaysia My 2nd Home plan (MM2H).


CIMB Home Loan requires a 1% per annum for any delayed payments, a 2% for the early settlement fee from the remaining balance and RM 50 for the redemption letter fee while Home Flexi loan requires the borrowers to add another payment of RM 10 monthly maintenance fee and RM 250 for a lifetime processing fee.


These documents are needed to apply the loan

  • A copy of an application form
  • A copy of NRIC or Identity Card
  • A copy of sales and purchase, letter of offer or booking receipt from the developer
  • A copy of individual title deed
  • Property value report for already built completed or subsale properties
  • Latest copy of 3 to 6 consecutive months salary slips
  • Latest copy of EA Form
  • Latest copy of EPF statement that not exceeding more than 2 year
  • A copy of business registration A&D
  • Latest copy of 3 months bank statements