CIMB Bank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
CIMB Bank suits Malaysian savers and borrowers who want plain costs and fast access to money. Its easy-access Basic Savings Account pays 0.25% on variable terms with no annual fee, and its Cash Plus personal loan carries an arrangement fee of RM0 (no processing fee).
Key facts
Loans
- APR
- 15%↗
- Loan amount
- MYR 2,000 to MYR 100,000↗
- Term
- 24 to 84 months↗
- Arrangement fee
- RM0 (no processing fee)↗
- Funding time
- Instant disbursement; approved and disbursed in 10 minutes↗
- Representative example
- Cash Plus Personal Loan: fixed 4.38% p.a. equivalent to effective interest rate 8.08% p.a. on 5-year tenure↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Malaysian citizen, aged 21 to 58 (max 60 at loan maturity), minimum monthly gross income RM2,000, employed over 6 consecutive months↗
- Origination fee (%)
- 0.5%↗
- Loan types
- Personal↗
- Pricing model
- No annual fee
Savings
Mortgages
- Initial rate
- 4.8% to 5.2%↗
- Maximum loan to value
- 100%↗
- Product fee
- MYR 0↗
- Purpose
- Purchase, First-time-buyer↗
Facts checked September 26, 2026, 12 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- The debit card carries an annual fee of MYR 0, so there is no yearly charge to hold it
- Personal loans charge an arrangement fee of RM0 (no processing fee), plus 0.5% on the loan amount
- Funding time is listed as Instant disbursement; approved and disbursed in 10 minutes, so an approved loan does not sit waiting on a payout
- Savings balances are easy-access, so money comes out whenever you want it, at an ATM, online or at a branch counter
Cons
- Support runs on help centre only, so most questions are handled through the help centre itself
- The savings rate is variable at 0.25%, so the return can rise or fall with the base rate
- Loan eligibility is limited to Malaysian citizens who are adults, with a minimum monthly gross income and a waiting period of employment
Who it suits
- Malaysian adults who want an easy-access savings balance held with no monthly fee
- Borrowers who want a personal loan with an arrangement fee of RM0 (no processing fee) and quick disbursement
- First-time home buyers using the CIMB My First Home purchase route with up to 100% loan to value
Who should look elsewhere
- Anyone outside Malaysia, since the personal loan eligibility rests on Malaysian citizenship
- Savers who want a locked rate, because the rate type on the savings account is variable
- Borrowers who cannot meet the minimum monthly gross income requirement for approval
Rates and card terms
The Basic Savings Account pays a headline rate of 0.25% at a variable rate type, with money easy-access so it can be taken out whenever needed at an ATM, online or at a branch counter. The Cash Rebate Platinum credit card carries an annual fee of MYR 0 and an APR of 15%, and pays cashback as Unlimited Cash Rebate. Personal loans run over a term of 24 to 84.
How CIMB Bank compares
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Frequently asked questions
What rate does the Basic Savings Account pay?+
It pays a headline rate of 0.25% at a variable rate type, so the return follows the base rate. The account opens with a minimum deposit of MYR 20, and the monthly fee is MYR 0.
How much does it cost to hold a CIMB Bank account?+
The monthly fee on the savings account is MYR 0, and the annual fee on the cards is MYR 0. Money in the savings account is easy-access, so you can take it out whenever you need it, at an ATM, online or at a branch counter.
How do I withdraw money from the savings account?+
Savings balances are easy-access, so money comes out whenever you want it, through an ATM, online banking or a branch counter. The account opens with a minimum deposit of MYR 20, and the monthly fee is MYR 0.
What does a CIMB Bank personal loan cost?+
The arrangement fee on Cash Plus is RM0 (no processing fee), with 0.5% charged on the loan. Amounts run MYR 2,000 to MYR 100,000 over a term of 24 to 84, and early repayment is free, so a loan can be settled ahead of schedule without a charge.
How quickly is a personal loan paid out?+
Funding time is listed as Instant disbursement; approved and disbursed in 10 minutes, so an approved application can be disbursed straight away. CIMB Bank is a direct lender, which means the bank assesses and funds the loan itself rather than passing it on.
Who is eligible for the Cash Plus personal loan?+
Eligibility is restricted to Malaysian citizens who are adults, with a minimum monthly gross income and a waiting period of employment before an application. Loan amounts run MYR 2,000 to MYR 100,000 over a term of 24 to 84.
What does the credit card offer in rewards?+
The CIMB Cash Rebate Platinum card pays cashback, listed as Unlimited Cash Rebate, on a credit card. Its annual fee is MYR 0 and the APR is 15%, so the rebate has to outweigh the cost of borrowing.
How do I get help with my account?+
Support is provided through help centre, so a help centre handles most questions rather than a direct line. Rates and charges for savings accounts, personal loans and property loans are set out on the bank's own published pages.
Can first-time buyers get a mortgage from CIMB Bank?+
The CIMB My First Home programme is aimed at purchase and first-time buyers, and lends up to a maximum loan to value of 100%. Initial rates on property loans run 4.8% to 5.2%, with a product fee of MYR 0.
Sources
- ringgitplus.com/en/credit-card/CIMB-e-Credit-Card.html checked September 26, 2026
Backs: APR
“CIMB e Credit Card - Interest Rate, 15% p.a.”
- cimb.com.my/en/personal/day-to-day-banking/accounts/savin... checked September 26, 2026
Backs: Access terms
“Easy access to funds: Savings account/-i are designed for easy access to your money. You can withdraw funds at any time from an ATM, online, or by visiting the bank branch.”
- cimb.com.my/en/personal/day-to-day-banking/accounts/savin... checked September 26, 2026
Backs: Account kind, Headline rate, Headquarters, Minimum deposit, Rate type
“A savings account that gives you simple and hassle-free everyday banking.”
- cimb.com.my/en/personal/day-to-day-banking/cards/credit-c... checked September 26, 2026
Backs: Card kind, Features, Rewards rate, Rewards type
“CIMB Cash Rebate Platinum Credit Card - Unlimited Cash Rebate”
- cimb.com.my/en/personal/day-to-day-banking/cards/debit-ca... checked September 26, 2026
Backs: Card type
“Debit Card - Apply Debit Card Online & at Branch”
- cimb.com.my/en/personal/day-to-day-banking/financing/othe... checked September 26, 2026
Backs: Maximum loan to value, Purpose
“Own your first home with zero down payment - 100% financing, 100% yours (CIMB My First Home, completed properties with property value up to RM1,000,000)”
- cimb.com.my/en/personal/day-to-day-banking/financing/pers... checked September 26, 2026
Backs: Loan amount, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Representative example, Term
“Loan amount ranges from a minimum of RM2,000 to a maximum of RM100,000.”
- cimb.com.my/en/personal/help-support/rates-charges/intere... checked September 26, 2026
Backs: Origination fee (%)
“Ad valorem stamp duty of 0.5% on the total approved personal loan which will be rounded up to the nearest thousand will be charged and deducted from the approved personal loan, subject to a minimum...”
- cimb.com.my/en/personal/help-support/rates-charges/intere... checked September 26, 2026
Backs: Product fee
“HomeLoan / BizLoan / Vacant Land Financing: Processing Fee: Not applicable”
- cimb.com.my/en/personal/help-support/rates-charges/intere... checked September 26, 2026
Backs: Monthly fee
“CIMB Basic Savings Account - Types of Charges: Closing of account within 3 months of its opening RM20.00; Replacement of lost/stolen/mishandled Debit Card RM12.00”
- cimb.com.my/en/personal/help-support/rates-charges/intere... checked September 26, 2026
Backs: Initial rate
“RESIDENTIAL PROPERTY FINANCING- CURRENT PUBLISHED RATE: < RM200K SBR + 2.45%, effective interest rate 5.20%; > RM500K SBR + 2.05%, effective interest rate 4.80%; SBR as at 14 July 2025 is 2.75% p.a.”
- cimb.com.my/en/personal/home.html checked September 26, 2026
Backs: Annual fee, Legal entity, Pricing model, Support channels
“CIMB Travel Platinum Credit Card - Up to 4X Airport Lounge Access complete with Travel Insurance | No Annual Fee”
Compiled from 12 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.
Related by the facts
CIMB Bank
Malaysian adults who want fee-free everyday banking alongside quick personal loans from one bank.