Payment Table
#New payable flat interest rate / payable studio costs was at step three.5% p.a good. for 12 months and you can a couple of years, and you may step 3.0% p.a beneficial. getting three years, forty-eight months and you will sixty weeks. The particular effective rate of interest (EIR) was at 6.40% p.a good. to have one year, 6.58% p.a great. to own a couple of years, 5.68% p.a beneficial. to have three-years, 5.67% p.a great. to own 48 days and 5.64% p.a great. to have sixty weeks. EIR ‘s the phrase of the equivalent to the fresh new flat attract rates / payable business costs cited over playing with compounding and on an enthusiastic annualised interest / payable studio costs base.
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Eligibility
- Month-to-month instalment payable need to be paid-in complete in addition to any a great overdue number about early in the day report.
- If any month-to-month instalments gets overdue, interest and you may later fee fees will be levied into the including delinquent instalment and also other overdue wide variety on your CIMB Credit Cards membership according to the Cardmember’s contract.
- Later payment fees: S$100 was energized if the (i) complete commission of a good balance (in which the a good harmony was S$50 or less) isn’t received because of the payment due date; otherwise (ii) in the event your minimum fee (in which the outstanding equilibrium is higher than S$50) given regarding report isn’t obtained from the commission owed day.
- Interest: dos.158% a month (energetic interest twenty-five.9% p.an excellent. at the mercy of compounding if for example the costs aren’t repaid entirely) into purchase count, rechargeable each day on big date of posting up to receipt away from full commission (minimum charges regarding S$2.50).
When your lowest percentage is not acquired in full because of the percentage due date of any Billing Declaration, loans charges might possibly be levied on rate regarding 2.333% a month (energetic interest from twenty-eight% p.a. at the mercy of compounding) chargeable on a daily basis, with the particularly quantity as the is due and you can owing (at the mercy of the very least monthly charge regarding S$dos.50 otherwise such as for example other sum due to the fact can be dependent on the new Bank). The newest loans charges tend to return back once again to brand new productive interest rate away from twenty five.9% p.a good. whenever minimum percentage is actually obtained entirely of the commission owed go out. People modifications or reinstatement of interest price should start working away from the fresh date of such Charging you Report immediately after the latest percentage owed go out regarding a relevant Billing Declaration.
*Only applicable to New-to-Bank customers who apply for CIMB CashLite Personal Instalment Loan with minimum approved loan amount of S$1,000 and above. Terms and conditions governing the CIMB CashLite Personal Instalment Loan – NTB Interest Rate original site and Cashback Promotion 2022 apply. Please click here for full terms and conditions
^Simply appropriate to have CashLite Individual Instalment Loan applications filed via CIMB site that have lowest financing period from three years and you may recognized loan amount of S$5,100 or more. Fine print ruling new CIMB CashLite Personal Instalment Loan – NTB Interest rate and Cashback Promotion 2022 apply. Please just click here for complete fine print.
1 Your own accepted rate of interest could be calculated based on your own exposure character and may even range from the new published speed. If you are a different sort of CIMB Borrowing from the bank Cardmember, might discover a trip of CIMB Bank immediately following your own CIMB Borrowing from the bank Card’s acceptance.
Please be aware minimal amount borrowed are S$step one,000 and you can become provided up to all in all, 90% of one’s credit limit.
For everyone Terms and conditions & Criteria to your CIMB CashLite Personal Instalment Financing, you can study a great deal more of the simply clicking backlinks less than:
| New-To-Lender Promotion | Current Consumers | ||
|---|---|---|---|
| Rate of interest (p.a) | Energetic Interest (p.an effective.) | ||
| Acknowledged Loan amount | Cashback Made | ||
| Projected Month-to-month Money | |||
| couple of years | three-years | 48 Months | 60 Days |
| CashLite Flat interest rate# |