CIBC – Apply for a Loan
Contact Information
Company
Canadian Imperial Bank of Commerce
Address
Commerce Court, 199 Bay St, Toronto, ON M5L 1A2
Website
https://www.cibc.com
CIBC – Repayment Schedule
Estimated monthly payments at APR 8.99%. Actual payment is determined at loan approval.
| Amount \ Term | 12 mo. | 24 mo. | 36 mo. | 60 mo. |
|---|---|---|---|---|
| $10,000 CAD | $874.47 | $456.80 | $317.95 | $207.54 |
| $20,000 CAD | $1,748.94 | $913.60 | $635.90 | $415.07 |
| $30,000 CAD | $2,623.41 | $1,370.40 | $953.85 | $622.61 |
| $40,000 CAD | $3,497.87 | $1,827.21 | $1,271.80 | $830.14 |
| $50,000 CAD | $4,372.34 | $2,284.01 | $1,589.75 | $1,037.68 |
| $60,000 CAD | $5,246.81 | $2,740.81 | $1,907.70 | $1,245.21 |
Representative Example
Loan Amount
$6,500 CAD
Repayment Term
60 months
APR
8.99%
Monthly Payment
$134.90
Total Interest Cost
$1,593.87
Total Amount Payable
$8,093.87
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$3,000 CAD – $200,000 CAD
Term
12 – 60 months
APR from
8.99%
Approval
1-2 business days
Eligible Age
18+ years
Online Application
Yes
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
Ready to apply?
Go to CIBC Official Site ad