Benefits & Privileges

Octo Octo Octo Octo
Acceptable Collaterals
More Savings
Financial Liquidity
No guarantor

Eligibility

  • Individuals aged 21 to 70 years old
  • Malaysian or residents with PR status residing in Malaysia
  • Owner of the collateral (free from any encumbrance)
  • Minimum collateral of RM10,000-00
  • Overdraft limit dependent on collateral pledged

Interest Rates

Interest is calculated daily based on Facility outstanding balance.

Facility

Overdraft Type

Interest Rates

CIMB Secured Overdraft 

Personal OD Secured by Fixed Deposit

 

BR + 1.10% 

 

Personal OD Secured by Multiple Collateral

 

BR + 1.60%

 

Personal OD Secured by Amanah Saham Bumiputera

Fees and Charges

  • Stamp Duty as per Stamp Act 1949 (revised 1989)

  • Documentation Fee of RM 100.00 payable to Amanah Saham Nasional Berhad (ASNB)

  • Commitment Fee of 1% per annum on the unused amount of the Facility is payable if total Overdraft with the bank is more than RM250,000.00.

  • Excess Interest of BR + 6.35% or minimum of RM5 will be charged on any amount in excess of your Facility Limit

Document Requirement

Applicants are required to submit these compulsory documents:

  • Photocopy of NRIC

  • Collateral Documents (based on collateral to be pledged)

  • Income document:-

Salary Earners

Commission Earner

Self Employed

Multi National Company / Public Listed Company / Government Linked Company

  • Latest 1 month payslip OR
     

  • Latest 3 months payslip (variable income) OR
     

  • Latest EPF statement (minimum 6 months EPF record) 


Others

  • Latest 3 months payment voucher Latest 3 months payslip AND latest 3 months salary crediting bank statement OR
     

  • Latest EPF statement (minimum 6 months EPF record) 


  • Latest 6 months commission statement AND Commission crediting bank statement OR
     

  • Latest Form B and LHDN payment receipt

  • Latest 6 months company bank statement AND Business registration document OR
     

  • Latest Form B and LHDN payment receipt OR
     

  • Latest e-Form B and e-filing acknowledgement receipt

The Bank may require additional documents where deemed necessary.

Disclosure

Remarks

Subject to eligibility and acceptable collaterals.