If you’re looking for a way to make big purchases without breaking the bank, a CIMB installment plan in Singapore could be a great option for you. This plan allows you to split up the cost of your purchase into smaller monthly payments, making it easier to manage your finances and stick to your budget.
To get started with a CIMB installment plan, you’ll need to meet certain eligibility requirements and follow a few simple steps to apply. Once you’re approved, you’ll be able to enjoy a range of benefits, including low interest rates, flexible repayment terms, and exclusive promotions and rewards.
In this article, we’ll take a closer look at CIMB installment plans in Singapore, helping you understand how they work, who is eligible to apply, and how you can manage your plan effectively. We’ll also answer some frequently asked questions and provide some key takeaways to help you make the most of your installment plan.
Key Takeaways
- CIMB installment plans in Singapore allow you to split up the cost of your purchases into smaller monthly payments.
- To apply for a CIMB installment plan, you’ll need to meet certain eligibility requirements and follow a few simple steps.
- With a CIMB installment plan, you can enjoy low interest rates, flexible repayment terms, and exclusive promotions and rewards.
Understanding CIMB Installment Plans
If you are looking for a flexible and easy way to pay for your purchases, CIMB i.Pay Plan is the perfect solution for you. With this plan, you can break up your payments into smaller chunks, making it easier to manage your budget. Here’s what you need to know about CIMB installment plans.
What is i.Pay Plan?
CIMB i.Pay Plan is an installment plan that allows you to pay for your purchases over a period of time, rather than all at once. This plan is available for CIMB credit cardholders and offers 0% interest, making it an affordable way to pay for your purchases.
Benefits of 0% Interest Installments
There are several benefits to using CIMB i.Pay Plan for your purchases. Firstly, you can enjoy 0% interest on your installment payments, which means that you won’t have to pay any extra fees or charges. Additionally, the repayment terms are flexible, allowing you to choose a repayment period that suits your needs. Finally, the application process is simple and easy, making it convenient for you to apply for an i.Pay Plan.
Here are some of the key features and benefits of CIMB i.Pay Plan:
| Features | Benefits |
|---|---|
| 0% interest | Affordable repayments |
| Flexible repayment terms | Easy budget management |
| Simple application process | Convenient payment method |
In conclusion, CIMB i.Pay Plan is an excellent option for anyone who wants to manage their budget and pay for their purchases over time. With its 0% interest and flexible repayment terms, it’s a convenient and affordable way to make your purchases.
Eligibility and How to Apply
Criteria for CIMB Credit Card Holders
If you are a CIMB Credit Card holder, you are eligible to apply for the CIMB 0% i.Pay Plan. To apply, you must have a minimum transaction amount of S$300 in a single transaction. The maximum amount for iPP conversion is S$30,000 per transaction.
Additionally, you must have a good credit score and a stable income. If you are a salaried employee, self-employed, commissioned or a variable income earner, you will need to provide your CPF contribution history statement, income tax notice of assessment, and bank statement.
Application Process
To apply for the CIMB 0% i.Pay Plan, you can do so via phone or the CIMB Clicks Mobile App. To apply via phone, call +65 6333 6666. Alternatively, you can apply via the CIMB Clicks Mobile App.
When applying for the CIMB 0% i.Pay Plan, you will need to provide your NRIC and your credit card details. You will also need to select your preferred tenure of 6, 12 or 24 months.
Once your application is approved, the amount will be converted into an instalment plan with 0% interest. You will be required to pay a low processing fee from 1% (EIR from 1.86%). The promotion ends on 29 February 2024, so don’t miss out on this opportunity to enjoy less stress and more huat with CIMB 0% i.Pay Plan.
Promotions and Rewards
If you’re looking for a credit card that offers great promotions and rewards in Singapore, CIMB Bank has got you covered. With CIMB credit cards, you can enjoy a wide range of benefits that help you save money and earn rewards on your daily spending.
Current CIMB Card Promotions
CIMB Bank frequently offers promotions on their credit cards, so you can get even more value from your spending. From cashback and discounts to free gifts and bonus rewards, there’s always something on offer to help you save money.
Some of the current CIMB card promotions include cashback on dining and online shopping, discounts on travel bookings, and bonus rewards for signing up for a new credit card. These promotions change regularly, so be sure to check the CIMB Bank website or mobile app to see the latest offers.
Cashback and Rewards Benefits
In addition to promotions, CIMB credit cards also offer a range of cashback and rewards benefits that help you earn more from your spending. With cashback rates of up to 10%, you can save money on everything from groceries to petrol.
CIMB credit cards also offer rewards points that can be redeemed for a variety of benefits, including free flights, hotel stays, and shopping vouchers. Plus, with CIMB’s partnership with popular merchants, you can earn even more rewards when you shop with selected retailers.