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Benefits & Privileges

Financial Flexibility
Financial Flexibility

Repayment Table

 

The below table is for illustration purpose only. 

 

Both tenure and flat interest rate offered to cardholder is as per the Bank’s discretion.

Balance Conversion at 9.80%* p.a.  Monthly Payments
6 Months 12 Months 18 Months 24 Months 30 Months 36 Months
RM500

RM87.42

RM45.75

RM31.86

RM24.92

RM20.75

RM17.97

RM1,000

RM174.83

RM91.50

RM63.72

RM49.83

RM41.50

RM35.94

RM3,000

RM524.50

RM274.50

RM191.17

RM149.50

RM124.50

RM107.83

RM5,000

RM874.17

RM457.50

RM318.61

RM249.17

RM207.50

RM179.72

*The payable flat interest rate of 9.80% p.a. is equivalent to an effective interest rate (“EIR”) of 16.61% p.a for 6 months, 17.62% p.a for 12 months, 17.82% p.a for 18 months, 17.81% p.a for 24 months, 17.72% p.a for 30 months, and 17.58% p.a for 36 months respectively.

 

EIR is the expression of the  equivalent to the flat interest rate quoted above using compounding and on an annualised interest basis.

Important Notes

  • CIMB Bank reserves the right to approve the Balance Conversion at a lower amount or reject the application in its entirety at its absolute discretion.
  • The minimum Balance Conversion amount per credit card is RM500 while the maximum amount is subject to your eligible retail balances.
  • The Balance Conversion monthly payment will be reflected in your CIMB credit card statement.
  • Balance Conversion monthly payments must be paid in full by the credit card due date for each month. A late payment charge of 1% on the outstanding balance of the Balance Conversion monthly payment (subject to a minimum of RM10 and maximum of RM100) will be charged if you fail to do so. A finance charge of 18% per annum will be imposed on any outstanding amount due and remaining unpaid to the Bank under the Balance Conversion facility.
  • No Bonus Points, Bonus Miles or cash rebates will be awarded under this programme.