CIMB collaborates with Sun Life and CTOS, to introduce ASB financing solution

It aims to amplify financial literacy amongst Malaysians.

CIMB, in collaboration with and Sun Life Malaysia Takaful (SLMT) Berhad and CTOS Data Systems Sdn Bhd, has launched the Amanah Saham Bumiputera (ASB) financing solution, which aims to amplify financial literacy amongst Malaysians.

Starting 15 June, customers who participate will receive a free MyCTOS Basic Report with CCRIS, offering an overview of their credit health. 

Additionally, they will have access to discounted rates for the full MyCTOS Score Report, providing a comprehensive view of their overall financial well-being. 

These tools enable customers to assess their financial standing, make informed decisions, and work towards achieving their long-term financial goals.

Furthermore, customers who opt for the solution will receive a complimentary 12-month takaful coverage valued at up to RM10,000. 

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This coverage includes RM5,000 for death or total and permanent disability, along with an additional payout of RM5,000 for accidental death and dismemberment.

CIMB's ASB Financing facility is available to Malaysian Bumiputera residents aged 18 and above. 

It also offers financing options up to RM200,000 with flexible tenures ranging from five to 40 years. 

“To that end, we are pleased to collaborate with like-minded partners CTOS and SLMT on this innovative value-added offering, directly enhancing the accessibility and viability of ASB funds, especially those from the M40 and B40 communities,” said Effendy Shahul Hamid, Chief Executive Officer of Group Consumer and Digital Banking of CIMB.