Who can apply for the CIMB Personal Loan?
The loan is for individuals aged 21 or older who will be no older than 65 when the loan matures. You must be a Philippine citizen and not a US person, have a Philippine mailing address and an active Philippine mobile number, and earn a gross monthly income of at least ₱15,000. Employees need at least six months of tenure, or one year of continuous employment, unless they work for one of the top 15,000 corporations; self-employed applicants need a business that has been operating for at least one year.
Meeting the criteria lets you apply; it does not guarantee approval. CIMB runs a risk assessment that decides both the answer and the rate you are offered.
Requirements for the CIMB Personal Loan
✔️ Age 21 or older, and no older than 65 at loan maturity
✔️ Philippine citizen, non-US person, with a Philippine address and mobile number
✔️ Minimum gross monthly income of ₱15,000
✔️ One valid primary ID: driver’s license, passport, PRC ID, SSS ID, UMID, postal ID, voter’s ID, PhilSys ID or printed ePhilID
✔️ Employed: one payslip issued within the last three months, a certificate of employment issued within the last three months, or the latest ITR (BIR Form 2316)
✔️ Self-employed: latest filed ITR (BIR Form 1701) and supporting documents
A tip for you!
Open the CIMB account first and have the loan released there: the disbursement fee is ₱0, while sending the money to another bank costs 1% of the principal or ₱500, whichever is higher. On a ₱100,000 loan that is ₱1,000 saved with one tap.
Check the first due date rule before you choose the release day. A loan released on the 14th is due on the 1st of the next month, which can be tight; a loan released on the 20th is due on the 1st of the second month. Plan around your payday.
If you can, avoid the 60-month term for small amounts. The installment looks light, but with add-on interest the total repaid grows with every year.
What are the fees of the CIMB Personal Loan?
The Product Disclosure Sheet lists a monthly add-on rate from 0.83%, equivalent to an annual contractual rate of 18%, subject to risk assessment. Disbursement fee: ₱0 to a CIMB account, or 1% of the principal or ₱500, whichever is higher, to another bank. Documentary stamp tax: ₱1.50 per ₱200 of the loan. Early settlement: 3% of the unbilled amount or ₱300, whichever is higher. Late payment: 5% of the unpaid installment or ₱300, whichever is higher, computed from the due date until full payment.
How to apply for the CIMB Personal Loan?
Everything happens in the CIMB Bank PH app. You download it, register with your ID and a selfie, choose Personal Loan, enter the amount and the term, upload the income document and submit. CIMB evaluates the application and shows the offer, with the rate and the monthly installment, inside the app. You accept, sign digitally, and the proceeds are credited to your CIMB account.
If your ID and your payslip or ITR are ready, press the button to go to the official CIMB page and start your application.
Kredua is not a bank, a lending company or a financial institution, and we do not grant credit. We review products offered in the Philippines so you can decide with more information; every application is made directly with the institution, which is the only one that evaluates and approves it.
