Staff Reporter
,
Singapore
A branch of CIMB Bank Express in Singapore. Photo courtesy of CIMB.
Loans of over S$30,000, with a tenure of at least 3 years, can qualify for this.
CIMB is offering personal loans with an interest rate of 2.8% per annum.
Borrowers who take out a CIMB Personal Loan of over S$30,000, with a tenure of at least 3 years, can qualify for this low interest rate. The effective interest rate of this loan was 5.28% per annum.
The 2.8% interest rate is reportedly the lowest of published interest rates in Singapore as of 4 March 2024, CIMB said in a press release.
The CIMB Personal Loan also offers no processing fees, substantial loan allowances, and a cashback offer of up to S$2,000, subject to terms and conditions.
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