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CIMB customers join forces to fight bank's mortgage rate hike

Group aims to get lender to honour its home loan offer letters

Published Mon, Jun 1, 2020 · 09:50 PM

Singapore

A GROUP of CIMB Bank Singapore's housing loan customers - over 40 and counting - has joined forces to challenge the bank on its decision to raise the floor of its mortgage rates in the midst of a pandemic.

They have created a website (HonestMortgages.sg) to raise awareness on CIMB's actions as well as to rally other affected customers to get in touch. Their goal is to get CIMB to honour its mortgage offer letters.

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