Vacant Land Flexi Smart

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The Ability to Save

Your Loan Interest

when you make any prepayment

The Flexibility

To Redraw From the Octo App

for free, anytime, anywhere

Benefits & Privileges

Full Flexibility at Your Convenience

Flexibility to deposit, withdraw, transfer funds and check financing details through our CIMB Octo App.
Competitive Rate

Enjoy attractive financing rate with our land financing package.
Margin of Financing
- Residential Vacant Land
  Up to 90% margin of financing inclusive of MRTA / MLTA / Legal / Valuation Fees*
- Commercial and Industrial Vacant Land
  Up to 70% margin of financing inclusive of MRTA / MLTA / Legal / Valuation Fees*
- Agricultural Vacant Land
  Up to 60% margin of financing inclusive of MRTA / MLTA / Legal / Valuation Fees*
*Maximum cap for MRTA / MLTA / Legal / Valuation fee at 5%.
Tenure
- Residential Vacant Land
Minimum: 5 years
Maximum: 30 years or 65 years of age, whichever is earlier
- Commercial and Industrial Vacant Land
Minimum: 5 years
Maximum: 20 years or 65 years of age, whichever is earlier
- Agricultural Vacant Land
Minimum: 5 years
Maximum: 20 years or 65 years of age, whichever is earlier
Purpose & Type of Properties

For purchase and refinancing of vacant residential, commercial / industrial and agricultural land purchased via sub-sale or direct from property developer for individual customers.
Group Mortgage Reducing Term Assurance (MRTA) / Group Mortgage Level Term Assurance (MLTA)

Financing of MRTA / MLTA is available providing you and your loved ones a peace of mind.

Eligibility & Requirements

Individuals aged 18 years and above

Fees & Charges

For full list of Fees & Charges, click here.

Required Documents

Identification document and proof of purchase	Malaysian Applicants	Copy of NRIC Sale and Purchase Agreement or the developer’s booking form
Identification document and proof of purchase	*Foreign Applicants (Not applicable for Vacant Land Products)* ● Regional Preferred/Private Banking (from the ASEAN countries where CIMB has a presence) ● Local Preferred/Private Banking	Copy of Passport (minimum 6 months validity) or MyPR Sale and Purchase Agreement or the developer’s booking form
Income documents	Salary Applicants	Latest 3 months' salary slips Latest EPF statement or last 3 months' bank statements with credited salaries
	Commission Applicants	Latest 6 months' commission statement Latest 6 months' bank statement with credited commission
	Self-Employed Applicants	Business registration Latest 6 months' business bank statements Latest Form B with tax payment receipt
Note: Foreigners and Malaysia Permanent Residents, without CIMB Regional Preferred or Private Banking relationship, may require to submit additional supporting documents upon request.

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Vacant Land Flexi Smart

Your Loan Interest

To Redraw From the Octo App

Benefits & Privileges

Full Flexibility at Your Convenience

Competitive Rate

Margin of Financing

Tenure

Purpose & Type of Properties

Group Mortgage Reducing Term Assurance (MRTA) / Group Mortgage Level Term Assurance (MLTA)

Eligibility & Requirements

Fees & Charges

Required Documents

Need More Information?

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