CIMB Credit Line Secured Overdraft facility allows you to withdraw additional funds quickly and conveniently from your current account when required. It is available to customers, subject to a pledge of collateral acceptable to the bank.
Features and Benefits:
- Enjoy attractive interest rate as low as 0.3%*** per month
- No fixed monthly repayment, interest is charge based on utilization amount only.
- Wider range of accepted collateral, i.e. CIMB Fixed Deposit , CIMB Unit Trust, CIMB Structured Product / Deposit, CIMB-Aviva FD Freedom, CIMB-Aviva Commerce Investment Guarantee
- High margin of financing*
- Commitment fee – waived**
- Flexible cash withdrawal anytime via chequebook, ATM machine or at any of CIMB Bank branch
- For CIMB Prime Plan customer, enjoy 0.1 Bonus Point for every RM1 financing when customer applied for Credit Line against CIMB Fixed Deposit.
* Subject to approval
**Commitment fee is waived as per current campaign
*** Based on an interest rate of BLR – 2.0% pa. Current BLR: 6.30% as at July 2010
Terms & Conditions Apply
- Individual aged 21years old and up to 60
- Minimum pledge collateral of RM10,000
- Malaysian and non-Malaysian residing in Malaysia
These documents must be submitted along with the application form at any of the nearest branches. The bank reserves the right to request for additional documents where deemed necessary
- Photocopy of NRIC
- Original copy of collateral/certificate
-Individuals aged 21 to 60 years old
-Minimum pledge collateral of RM10,000
For OD against Fixed Deposits / Unit Trust / Structured Products / Structured Deposits / CIG / FD Freedom: BLR – 2.0% p.a.
BLR as at July 2010: 6.30%
Fees and Charges
- Letter of Offer – Stamping : RM10
- Absolute Assignment – Stamping (for OD against CIG / FD Freedom only) : RM10
How to Apply?
Call us at 1300 880 900 or +603 22956100
*This page contains information sourced on 25 Oct 2010. Please check with the bank for the latest updates.