CIMB Bank Mortgage Update

Promotional Rate

<200k: BLR/BFR - 1.7%

200k-350k: BLR/BFR - 2.0%

350k-500k: BLR/BFR - 2.2%

>500k: BLR/BFR - 2.4%

Notes:

1. Rate same with or without MRTA

2. No Lock in Period (only for >500k)

Residential floating rate (Term & Full Flexi)

150k - 300k: Subject to approval, interest price ranged from B - 1.8% ~ B - 2.2%

>300k: B - 2.2% / B - 2.3%


Commercial floating rate
<500k : BLR - 1.5%
>500k: BLR - 1.9%
>1Mil: BLR - 2.0%

Notes:

1. Exit Penalty: Lock in period 3 years, 1st drawdown, 2% on the total approved facility amount

2. MOF: 90+5% for residential

3. Tenure: 40 years / Age 70

4. Non-ZEC

5. Prepayment withdrawal fee: 

6. Event of default: adjustment of rate to BLR + 1%  p.a. (90 days grace period), additional interest on late payment will be charged at the rate of 1% p.a. above the aforesaid interest rate / min RM 5

Charges:

1. For Full Flexi packages, set up fee of RM 200 will be debited to the account upon the 1st disbursement, monthly service charges of RM 10 will be debited

Last update on 1 Oct 2011