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Eligibility:
- Individuals aged 21 and above
- Applicant must be no older than 65 upon loan maturity
- Applicant must be a Philippine citizen and a non-US person
- Applicant must have a Philippine mailing address and an active Philippine mobile number
- Applicant must have a minimum gross monthly income of ₱15,000
- Applicant, if employed, must be tenured for at least 6 months, or 1 year of continuous employment, unless employed in the top 15,000 corporations
- Applicant, if self-employed, must be operating for at least 1 year
Frequently Asked Questions
This is an unsecured loan facility which is calculated based on fixed rate interest. Applying for a personal loan will give you access to immediate funds which you are expected to pay back with interest depending on the length of the loan period.
Eligible IDs that can be submitted for your application: • Applicant must have at least one (1) valid primary ID from the list of valid IDs below:
a. Driver’s License (or its variants including conductor’s license, student permit, temporary permit)
b. Passport
c. Professional Regulation Commission (PRC) ID
d. SSS – Social Security System e. Unified Multipurpose ID (UMID)
f. Postal ID
g. Voter’s (COMELEC) ID Card
• Minimum facility amount of ₱30,000 and a maximum facility amount of ₱1,000,000
• Tenure length ranges from 12 to 60 months (multiplication of 12 months)
• Monthly add-on rates range from 1.12% to 1.95% (Corresponds to annual contractual rates of 24%, 30%, or 36%)
The monthly installment is computed based on the formula: {(P x I x N) : P)} n ,
where P = Approved amount
I = Interest rate per annum
N = Tenure of facility in years
N = Tenure of facility in months CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas
CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas. For your personal loan, you are obligated to pay your monthly installment, including the interest cost.
Fees and charges tabulated below are part of the fees and charges.
Fees and Charges
Fee Amount Notes
Disbursement Fee ₱0 if disbursed via CIMB account
1% of Principal Amount or ₱500
(whichever is higher) if disbursed
via other banks
Documentary Stamp
Tax (for loan disbursement)
₱1.50 per ₱200 loan (fraction of)
Charging of Early Settlement
5% of unbilled amount or minimum ₱300 whichever is higher
Late Payment Fee 5% of unpaid installment due or ₱300 (whichever higher)
Note: to be computed from the payment due date till full payment of the obligation. If current month’s late payment fee is not paid, it will be included in next month’s computation for the 5% of the unpaid installment due.
If the loan was disbursed on or before the 15th of the month, it will be due the 1st of the following month. If it was disbursed after the 15th of the month, it will be due the 1st of the second month after.
CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas
In the event of default on your CIMB Personal Loan, the Bank has the right to recall and demand repayment of all sums owing by the Applicant to the Bank in respect of other facilities granted by the Bank.
The Bank may, by giving seven (7) calendar days’ notice to the Applicant, declare that the loan or any part thereof which remains unreleased be suspended, withdrawn or terminated and that the outstanding balance, together with the interest, be payable to CIMB Bank Philippines after seven (7) calendar days from the bank’s notice.
Late charges of 5% of the outstanding due or ₱300 per month, whichever is higher, will apply if any Monthly Installment Amounts Due are not fully paid on Payment Due Date.
Other legal actions will be taken in case you fail to fulfill your obligations from your CIMB Personal Loan.
No collateral or guarantor is needed.
Please refer to the Terms and Conditions on Personal Loans. Copy of this document will be shared with you upon approval of your loan application.
You may experience the typical risks associated with conducting a loan transaction with any other banking institution. If you don’t manage your debts properly, the unpaid amounts may lead you to even larger debts due to fees.
You must notify us immediately after finding out that your details have been compromised in order for us to block your account.
If you seek for assistance due to any materialized risks, you may contact us via the CIMB Bank mobile app, or you can also refer to the contact details below.
It is important that you inform us of any changes in your contact details to ensure that all correspondence reach you in a timely manner. You can update your personal details via the CIMB Bank mobile application.
CIMB Bank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas
Speak with our Customer Service Officers available from 6 am to 10 pm from Monday to Sunday: Just dial #CIMB (#2462) on your phone! Local calls are toll-free for Globe, Smart, and PLDT subscribers nationwide. If you’re currently not in the Philippines, please call +632 924 2462.
Help Center: Open your CIMB Bank PH app and raise a Give Us Feedback form in the Help Center section of the app. FAQ and Tutorials are also available in the Help Center section of the app.
a) If you wish to file any complaints, you may contact our Customer Service Officers through following channels:
Speak with our Customer Service Officers available from 6 am to 10 pm from Monday to Sunday: Just dial #CIMB (#2462) on your phone! Local calls are toll-free for Globe, Smart, and PLDT subscribers nationwide. If you’re currently not in the Philippines, please call +632 924 2462.
Help Center: Open your CIMB Bank PH app and raise a Give Us Feedback form in the Help Center section of the app. FAQ and Tutorials are also available in the Help Center section of the app.
b) If our handling of your query or complaint is not satisfactory to you, you may contact Bangko Sentral ng Pilipinas LINK or TELELINK at:
Address : Consumer Assistance Desk,
Ground Floor Multi-Storey
Bldg., BSP Complex
Telephone : 708-7087
Fax : 708-7088
Email : consumeraffairs@bsp.gov.ph
