Kuala Lumpur – CIMB Bank Berhad and CIMB Islamic Bank Berhad (“CIMB” or “the Bank”) unveiled the CIMB 1-Minute Auto Financing InstaApproval, a digital platform that approves auto financing within one minute upon full submission of information and documents. This is the newest addition to CIMB’s InstaApprovalTM series, which also features the 1-Minute Home Financing InstaApproval. This series offers a fast, secure, paperless and complete online financing approval process involving, among others, biometric fingerprint identification.

“The speedy approval process of CIMB’s 1-Minute Auto Financing InstaApprovalTM, currently the fastest in the 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,” says Samir Gupta, CEO, Group Consumer Banking, CIMB Group. He also added that CIMB 1-Minute Auto Financing will be a game-changer for them and their partners, by enabling customers to own their dream car within a minute.

This service will be available at selected partner showrooms, partner roadshows, as well as selected used car dealers. Currently, CIMB 1-Minute Auto Financing InstaApproval is implemented at Cycle & Carriage Bintang Berhad, Edaran Tan Chong Motor Sdn Bhd, Honda Malaysia Sdn Bhd, Ingress Auto Malaysia Sdn Bhd, Perodua Sales Sdn Bhd, Perusahaan Otomobil Nasional Sdn Bhd, and UMW Toyota Motor Sdn Bhd.

It was said that more partners will be added in the future.