Personal Loan Payment Holiday

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Advisory on Loan Payment Holiday

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Financial Essentials

Digital Banking with CIMB

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60-day Payment Holiday

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

Additional Details:

No added interest and fees!

Apply in as fast as 10 minutes with just 1 valid ID and 1 payslip

Same Monthly Repayment Amount

Your next payment due is on December 1, 2020. If you have processed payment for your October 1, 2020 installment dues, this will be treated as advanced payment for your installment due on December 1, 2020.

No Loan Maturity Extension Option

If you prefer not to extend your loan maturity by two months, you can settle the payment dues from 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, your loan maturity date will be extended by 2 months, with no change in monthly installment amount.

Remarks

CIMB Bank loan borrowers who are updated with their monthly loan payments or do not have any overdue payments are eligible.
If you don’t avail of our No Loan Maturity Extension Option by October 27, 2020, your loan maturity date will be extended by 2 months, with no change in monthly installment amount.
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 Payment Holiday

*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.

“No Loan Maturity Extension Option” after Payment Holiday

*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

Personal Loan Payment Holiday Terms & Conditions

Frequently Asked Questions