4 Things You Can Do with a Personal Loan

Are you ready for a new you this new year? Whether it’s turning your financial goals into reality or checking more dreams off your bucket list, a personal loan is one available service that you can leverage on financially. If you’re still wondering what a personal loan can do for you, here are some ideas. 

1. Help fund your dream business

According to the Department of Trade and Industry, the number of newly registered businesses almost reached 1 million in 2020. This proves that it is never too late to become an entrepreneur, especially with all the accessibility that social media can give businesses. You don’t even need to rent a physical store nowadays, as setting up an Instagram shop is now a few clicks away and searching for suppliers could simply mean joining the right groups online.      


A personal loan can help you can get started on your business and establish it by funding your tools, equipment, certifications, inventory, and more. 

2. Invest in knowledge and education

Is there something you always wanted to learn? Now is your chance as education presents countless opportunities. Since we are no longer limited to face to face learning, you can have access to the best classes from the top universities, professors, and experts from all over the world. 


There are free videos that you can watch to learn new skills, but there are also courses offered by prestigious institutions for a fee. With a personal loan, the world is at your fingertips, as this can help you pursue further studies and open doors for your future. Remember, an investment in education is an investment in yourself.  

3. Spruce up your home

For the past few years, we have spent most of our time indoors and in our homes working, studying, relaxing, and everything in between. The space around us can definitely affect our daily lives, which is why it may be time to spruce up your home with new kitchen essentials or extra bedroom storage.


Investing in your home could also spark interests and hobbies you’ve put off such as cooking or baking and even with help with organizing all your things.    

4. Emergencies

Many people use personal loans to be ready for all types of emergencies. From car emergencies to hospital bills and healthcare, which can put a dent in your wallet, acquiring a personal loan can help you be ready for anything. 

With CIMB Bank’s Personal Loan, you can seize life’s moments this 2022. Apply straight from your mobile phone using only 1 ID and 1 payslip to borrow as high as PHP 1 Million. You can enjoy ZERO disbursement fees when you opt to have your loan deposited to your CIMB Bank account for an easy and hassle-free disbursement.


PLUS you can get up to 30% interest rebates on your Personal Loan just by paying your dues consistently and on time. Through the Loan Loyalty program, you can enjoy yearly increasing interest rebates starting with 10% for the first year and up to 30% by the fifth year. All you need to do is pay your monthly loan payments completely and on time! If you’re a CIMB Bank deposit account holder, just apply and get approved for a Personal Loan on or before March 31, 2022 to become eligible. Make a move towards your financial goals!


Learn how you can apply for a Personal Loan using the CIMB Bank PH App:

Visit the link below to know more about our Loan Loyalty Program: