Benefits & Privileges

Octo
Financial Flexibility

Repayment Table

Balance Conversion at 9.8%* p.a. Monthly Payments 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 flat interest rate of 9.8% p.a. is equivalent to effective interest rate 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. Effective interest rate is the interest rate on a financial product with annual compounding interest.


Maximum tenures offered to cardholder is as per the Bank’s discretion. 

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 or cash rebates will be awarded under this programme.