CIMB Personal Loan offers 2.8% interest rate per annum

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.