As of today, the majority of CIMB mortgage customers are salary earners. The bank also admits business owners, although the process is more complicated than that of a salary earner. In addition to the usual requirements, the bank requires that the borrower provide sufficient proof of business operation, profitability, and stability. The bank studies and validates the financial statements, bank account statements if any, sales and purchase invoice and credit history of the owner to get an in-depth understanding of the borrower’s business. From the eligibility standpoint, businesses with stable income are more favorable than those with fluctuating or seasonal income.
