Canadian Imperial Bank of Commerce offers CIBC installment plan on the following terms:
- 5% of the amount - a one-time fee
- 100 CAD - minimum purchase sum
- competitive interest rates
- from 6 to 24 months - installment term
- no additional credit checks
- reward program
To apply for the CIBC installment plan you must have a CIBC credit card, be registered in online banking or the mobile app, and make a purchase in a partner store of the bank.
To activate the CIBC installment plan you should:
- log in to online banking or the mobile app
- look through your transaction history
- select a buy with an "Eligible for Installments" label
- review the installment plan options and select one of them
- agree to the terms and conditions and confirm the operation
- your application will be reviewed within 2-3 business days
You can find out the current CIBC installment plan rates by phone number 1-800-465-2422.