| Representative APR | Amount | Term | Type |
|---|---|---|---|
| 18.0% | ₱30k–₱1M | 12–60 mo | personal |
Best For
Individuals earning at least ₱15,000 monthly who need quick access to cash for emergencies or personal projects.
Young professionals and adults aged 21-65 in the Philippines seeking personal loans for immediate financial needs.
CIMB Bank offers personal loans from ₱30,000 to ₱1 million, with terms of 12 to 60 months and APRs ranging from 18% to 36%. Approval time varies based on app assessments.
Pros & Cons
Watch Out
Approval depends on credit assessment, and applicants with low scores may face higher rates or rejection.
Full Review
CIMB's personal loan provides a convenient app-based application process, which many users appreciate for its efficiency. Loan amounts can vary from ₱30,000 to ₱1 million, making it suitable for various financial needs. However, the annual percentage rates (APRs) range from 18% to 36%, which is on the higher side compared to other lenders like RCBC or BPI that may offer lower rates for similar terms.
The loan tenure is flexible, ranging from 12 to 60 months, repayment capacities. While the approval time varies based on app assessments, users should be prepared for possible delays if their credit profiles raise concerns. CIMB's customer service reputation is generally positive, but some users report challenges app during peak hours.
that the loan is only available to Filipino citizens aged 21 to 65, with specific income and employment requirements. Applicants must also provide a valid government-issued ID, which can add to the documentation burden for some. Overall, while CIMB offers for personal loans, those with lower credit scores or who need lower rates may want to explore alternatives.
What Borrowers Say
Borrowers appreciate the convenience of the app but express concerns about high interest rates and the approval process.