CIBC – Personal Loan
CIBC offers personal loans and home equity solutions with high loan amounts up to $200,000 and competitive fixed rates.
Amount
$3,000 CAD – $200,000 CAD
APR from
8.99%
Term
12 – 60 months
Approval
1-2 business days
Applying does not obligate you to accept a loan offer.
CIBC Personal Loan – 2025 Review
CIBC (Canadian Imperial Bank of Commerce) is one of Canada's Big Five banks. CIBC stands out with high maximum loan amounts — up to $200,000 for home-secured lending — and a robust online banking platform.
CIBC Loan Products
CIBC offers personal loans, CIBC Home Power Plan, and CIBC Personal Line of Credit. Unsecured personal loans go up to $200,000.
✓ Pros
- High maximum loan amount
- Strong digital banking platform
- Dedicated loan advisors
- Competitive fixed rates
✗ Cons
- Higher minimum loan amount ($3,000)
- Higher starting APR
- Good credit required for best rates
Loan Example
Example: $15,000 loan for 60 months at 11.99% APR = monthly payment of $333.67, total payable $20,020.20.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ Canadian resident
- ✓ Verifiable income
- ✓ Credit score 660+
- ✓ Valid ID and SIN
Loan Features
- High loan amounts up to $200,000
- Fixed and variable rate options
- Online and mobile banking
- Fast approval 1-2 business days
- Dedicated loan advisors
Frequently Asked Questions
1-2 business days after submitting your application.
The minimum amount at CIBC is $3,000 CAD.