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Personal Banking > Property Financing > Getting Extra Cash
Getting Extra Cash  
If your property has increased in value, you can take advantage of that to get some extra cash. Here’s how. With the amount of money you have already paid through your installments, subtract the balance from the current market value of your home – you’ll get what we call a home equity. This increases as your balance decreases. For example, if your home has been appraised for RM200,000 and you owe RM125,000 on your home financing package, your home equity is RM75,000. That can come in very handy if you need cash for other financial obligations.
 
Our Popular Product(s)
HomeXtra 
BizXtra 
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Why This Product? A package that allows existing CIMB Bank or CIMB Islamic home financing customers to apply for a higher financing amount in view of a property that has appreciated in value. A package that allows existing CIMB Bank or CIMB Islamic business premises financing customers who wish to apply for higher financing amount based on their pledged property which has appreciated in value.
A package that makes refinancing easier with minimum documents needed.
It gives you an additional 10% from your original limit or your outstanding amount.
 
Type of Property All types of residential properties All type of completed business premises All types of completed residential, commercial, landed or non-landed properties  
Margin of Financing Up to 95% Up to 90% Up to 95%  
Low Initial Package
(Pay Profit only during first 3 years)
No No Yes  
Pay Half Package
(50% during tenure remaining at the end)
No No Yes  
Eligibility Existing CIMB customer Existing CIMB customers Non-CIMB customer  
Zero Moving Cost No No No  
Investment Package
(No lock-in period)
No No No  
Free Up Equity
(Get additional cash)
Yes Yes Yes  
 
 


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