You Are In

  • Life Goals
  • Day To Day Banking
  • Banking With Us
  • Promotions
  • Help & Support
  • Quicklinks
Life Goals
Day To Day Banking
Banking With Us
Promotions
Help & Support
Quicklinks
Savings Strategies
Planning for My Future
Travel Tips
Accounts
Credit Cards
Financing
Remittance
Tools
Latest Promotions
Rates & Charges
FAQ

How much can be borrowed?

The maximum amount is limited by the price of the vehicle. The bank finances 70% of the car’s price, and the borrower pays the remaining 30% as down payment. Actual loan amount may be capped by the borrower’s capacity to repay. The monthly gross income should exceed two times total monthly debt repayment. This multiple is called the “Debt Service Cover”, which is equal to monthly income / monthly debt payment. If DSC is less than 2 times, the loan amount may be reduced.

Looking for More Questions?

Back to FAQ Home

For More Enquiries

Talk To An Expert

Find a branch near you

Find a Branch

Contact Us Anytime

Get in touch with us 24/7

Find Out More

You are about to enter a third party website & CIMB Group's Privacy Policy will cease to apply.

This link is provided for your convenience only and shall not be considered or construed as an endorsement or verification of such linked website or its contents by CIMB Group.

 

CIMB Group makes no warranties as to the status of this link or information contained in the website you are about to access.

 

Do you wish to proceed?

Yes, please proceed