CIMB Bank Berhad and CIMB Islamic Bank Berhad now offers the CIMB 1-Minute Auto Financing InstaApproval which, as the name suggests, is auto financing that may be approved within one minute upon full submission of information and documents. It is also part of CIMB’s InstaApproval series, following the first 1-Minute Home Financing InstaApproval.

This quick, secure, paperless and complete online financing involve processes that include biometric fingerprint identification. CIMB 1-Minute Auto Financing InstaApproval is available for all types of cars, both new or used; upon successful application, the approval comes complete with the issuance of a Letter of Undertaking together with an SMS notification and email to the customer and car dealer.

Samir Gupta, CEO, Group Consumer Banking, CIMB Group said, “The speedy approval process of CIMB’s 1-Minute Auto Financing InstaApprovalTM, 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.”

“We are confident that the 1-Minute Auto Financing InstaApprovalTM proposition will be a game-changer for us and our auto partners, by enabling customers to own their dream car within a minute.”

The convenience is available at selected partner showrooms, partner roadshows, as well as selected used car dealers. At this moment in time, there are seven partners in the CIMB 1-minute auto financing scheme, namely Cycle & Carriage Bintang Bhd., Edaran Tan Chong Motor, Honda Malaysia, Ingress Auto, Perodua sales, Perusahaan Otomobil Nasional, and UMW Toyota.