Getting a loan for land

Getting a loan for land

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Vacant Land Flexi Smart

Versatile features to assist you spend your loan off faster.

Utilizing the freedom of creating prepayment, you’ll be able to save very well interest right from the start. This shortens your loan tenure, and finally, you’ll own your land faster. For additional convenience, you additionally have the flexibleness to withdraw prepayment, also to save you a lot more, Vacant Land Flexi Smart comes without set-up and maintenance costs.

  • Vacant Land Flexi Smart
  • Vacant Land Flexi Smart

Qualities & Advantages

For domestic, commercial, commercial and agricultural land that is vacant

Withdrawal and payment convenience

Make withdrawal and prepayment via CIMB Clicks, Contact Centre or any CIMB Bank branches nationwide

Tall margin of funding

• Commercial and industrial: as much as 65% + 5% (GMTA/Legal/Valuation)

• Agricultural: as much as 55% + 5% (GMTA/Legal/Valuation)

Freedom of withdrawal

Withdraw prepayment anytime at a fee that is affordable.

Loan tenure

• Res years of age, whichever is earlier in the day

• Commercial, industrial and agricultural: as much as two decades, or 65 years old, whichever is early in the day

Group Mortgage Term Assurance (GMTA) may be financed

Save well on revenue whenever you make prepayment which decreases the principal loan amount that is outstanding

No processing / put up how many installment loans can you have in maine / upkeep charge

Enjoy more affordability.

Extra Features

  • No dedication charges
  • Statement – Annually
  • Prevailing Rate Of Interest and Default Clause. Please just click here to learn more.
  • For CIMB Prime Banking customer, benefit from the after benefits:
    • Earn 0.1 Bonus aim for each and every RM1 financing
    • Preferential prices

Month-to-month Installment Calculator

Pick the timeframe to learn the rates that are corresponding annum.

Eligibility & Requirement

  • People aged 18 years and above.
  • NRIC photocopy
  • Latest three months’ wage slide
  • Latest EPF statement / Latest three months bank statements showing crediting that is salary
  • Purchase & Purchase Agreement / Booking form from developer
  • NRIC photocopy
  • Company enrollment
  • Latest a few months company bank statements
  • Latest Form B with taxation payment receipt
  • Purchase & Purchase Agreement / Booking form from developer

Costs & Costs

Provider Tax Implementation Taxes on services and products (including yet not limited by solution income tax, indirect fees or withholding taxes), where relevant, since are imposed by the national of Malaysia and any fees payable associated with or arising away from center funding/account will likely be payable.

Put up charge of RM200.00

Monthly solution fee of RM10.00

Monthly charge that is flexi Non rebated revenue of RM40.00

Monthly solution fee of RM10.00

Monthly flexi cost of RM40.00

Redraw charge of RM25.00** via OTC/Branch/Contact Centre and RM 10.00** via CIMB ticks

**per transaction regardless of quantity withdrawn

Year for period up to 1

Front web page – RM 10.00

Additional web web page – RM 2.00

Year for period exceeding 1

Front web page – RM 30.00

Extra web web page – RM 2.00

Depending on Stamp Duty Act 1949 (Revised 1989)

I) Letter Provide: RM10.00

Ii) Principal Document: RM5.00 for almost any RM1,000.00

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Categorie

Products / Items Fees and fees
1 HomeLoan / BizLoan / Variable Residence Financing-i / Business Premises Financing-i / Term Financing-i / Vacant Land Financing Processing cost: Not relevant
2 HomeFlexi / BizFlexi / Flexi Home Financing-i / Flexi company Premises Financing-i
3 Flexi Vacant Land Financing
4 HomeFlexi Smart/ BizFlexi Smart / HomeFlexi Smart-i / BizFlexi Smart-i Processing cost of RM200.00
5 HomeFlexi Smart / BizFlexi Smart/ Vacant Land Flexi Smart / HomeFlexi Smart-i / BizFlexi Smart-i / Residential Vacant Land Flexi Smart-i
6 Secured OD Commitment charge of just one% p.a. In the amount that is unutilised OD center of RM 250,000.00 and above
7 Special PR1MA End Financing (SPEF) Package Processing fee of RM 200.00
8 Redemption declaration (Home loan / Home financing) RM 50.00 per request
9 Letter of Confirmation for EPF withdrawal RM 20.00 per demand
10 Ring Fence Processing Fee for EPF withdrawal RM 50.00 per demand
11 Reproduction of statements
12 Stamp Duties