Our team helps customers by walking them through the application process. The borrower can start by calling CIMB Call Center or talk directly to Personal Finance team. During the discussion, the client can expect to answer questions related to personal background, employment, income, requested amount, purpose, assets and outstanding debts, and other relevant questions.
After the bank receives all required documents and is satisfied with the application, credit approval will be given in three to five working days. All loan approvals are at the sole discretion of the bank.
Disbursement will require one additional working day. The dealer must agree to pre-release the vehicle before full payment is made. In exchange, the dealer receives a payment guarantee (letter) from the bank. The pre-release is to allow the vehicle to be registered at the Department of Transportation. After the registration of security interest is complete and vehicle registration card is received, the bank will issue a check to the dealer.
