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Digital Banking with CIMB

60-day Payment Moratorium

During the payment moratorium, loan borrowers are not required to settle their monthly loan installments with CIMB Bank without incurring interest on interests, penalties, or fees. 

Additional Details:

Accrue Interest Only

Only interest will be accrued during the 60-day moratorium period ending November 30, 2020. Your next installment will be due on December 1, 2020. You will not be incurring interest on interests, penalties, or fees. Interest will be divided and staggered to your remaining loan tenor, and your loan maturity will be extended by two months. 

No Loan Maturity Extension Option

If you prefer not to extend your loan maturity by two months, you may settle the interest accrued in October 1, 2020 and November 1, 2020 on or before December 31, 2020. 

Avail of “No Loan Maturity Extension Option”

Text "PAY<space> <Your last name>" to 09191611291 on or before October 27, 2020. Ex: PAY CRUZ

What happens if I don’t choose the “No Loan Maturity Extension Option?”

If you don’t avail of this payment option by October 27, 2020, you will only accrue interest during the moratorium period. This interest will be automatically staggered across the remaining tenor of your loan and the loan maturity will be extended by 2 months. 

Remarks

  • CIMB Bank loan borrowers who are updated with their monthly loan payments or do not have any overdue payments are eligible.
  • If you fail to avail of our No Loan Maturity Extension Option by October 27, 2020, interest will be automatically staggered across the remaining tenor of your loan and the loan maturity will be extended by 2 months.
  • Loan details will change according to the payment moratorium guidelines. Please see Terms and Conditions and FAQs sheet for more details.

Default Payment option after Loan Moratorium Period

*Yellow fields – not required to settle payment on these dates

Blue field – your next payment due on December 1, 2020.

Orange field – No instalment amount due for October 1 and November 1. Your maturity date will extend by 2 months.

Purple field – Interest accrued during the moratorium period to be staggered across the remaining tenor of your loan

“No Loan Maturity Extension Option” after Loan Moratorium Period 

*Red and blue fields – not required to settle payment on these dates

Yellow fields – Total installment amount for Oct and Nov 2020. This amount can be paid on or before December 31, 2020.

Orange fields – Your next payment due on December 1, 2020

Terms & Conditions

Frequently Asked Questions

Change The Way You Bank

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