CIMB unveils one-minute home financing approval feature

Its biometric fingerprint identification also provides for enhanced security.

CIMB Bank Berhad and CIMB Islamic Bank Berhad have launched a home financing approval feature which promises complete review and approval in 60 seconds.

According to a press release, the speedy approval is facilitated by an official Letter of Offer which can be printed immediately as opposed to a conditional or “in-principle” approval.

Moreover, the CIMB InstaApproval features a biometric fingerprint identification for enhanced online security.

The feature will be available for properties bought directly from developers at launches and sales galleries. Participating developers include Eco World Development Group Berhad, IJM Land Berhad, IOI Properties Group Berhad, Mah Sing Group Berhad, Sime Darby Property Berhad, SP Setia Berhad, Tropicana Corporation Berhad, and UEM Sunrise Berhad.

“CIMB’s InstaApproval proposition reflects our promise to provide customers with not only great financial products and services, but also speediness of their delivery. The InstaApproval series also represents a fulfilment of CIMB’s commitment to continuously enhance our customer experience,” sai CIMB Group Consumer Banking CEO Samir Gupta.

The platform also streamlines applications for personal financing, Amanah Saham Bumiputera financing, and credit cards.