Published on May 31st, 2018 | by Subhash Nair


CIMB 1-Minute Auto Financing InstaApproval Launched

CIMB Bank and CIMB Islamic Bank today unveiled ‘CIMB 1-Minute Auto Financing InstaApproval’, a digital platform that approves auto financing within one minute of submitting all required information and documents.

The platform significantly reduces the time taken for auto financing to be approved – which often takes a day to process.

Samir Gupta, CEO, Group Consumer Banking, CIMB Group said, “The speedy approval process of CIMB’s 1-Minute Auto Financing InstaApproval, currently the fastest in market, is not only a reflection of our commitment to digital innovation as laid out in our T18 Strategy, but also a great milestone in CIMB’s journey to continuously enhance our customers’ experience. Our InstaApproval platform – which cuts down waiting time considerably – was designed around customers’ ultimate convenience. We are confident that the 1-Minute Auto Financing InstaApproval proposition will be a game-changer for us and our auto partners, by enabling customers to own their dream car within a minute.”

CIMB 1-Minute Auto Financing InstaApproval is available on both new and used cars. Approval comes complete with the issuance of a Letter of Undertaking and an instant SMS notifcation and email to both the customer and dealer.

As of now, CIMB 1-Minute Auto Financing InstaApproval will be available at selected partner showrooms and used car dealerships. Currently, partners include Cycle & Carriage Bintang, Edaran Tan Chong Motor, Honda Malaysia, Ingress Auto Malaysia, Perodua Sales, Perusahaan Otomobil National, and UMW Toyota Motor. More partners will be added in the future.

About the Author

Written work on @subhashtag on instagram. Autophiles Malaysia on Youtube.

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