Citibank is one of the leading banks across the world and offers different customisable financial solutions that are extremely innovative too. The bank was established in the year 1902 in Singapore. Citibank Singapore is basically a part of Citibank N.A. of the U.S. In the year 2004, the bank was incorporated in Singapore. Citibank was awarded by QFB (Qualifying Full Bank) by Monetary Association of Singapore in the year 1999.
Financial problems can come your way without giving you a prior notice. Even if you prepare yourself enough for such situations, it is actually never enough. To some extent, you will feel the impact of the situation. It is also not possible to get what you wish for only with your income. Such situations need a financial assistance or support. A personal loan at an affordable rate of interest can definitely prove to be your best friend when you need it the most.
The personal that is offered by Citibank Singapore is designed to meet all your requirements and needs. The credit line provides a lot of flexibility and you can avail loans of up to 4 times that of your monthly income. The interest rate offered is also pretty low.
There are certain eligibility criteria that should be met by an applicant before they make the loan application
There are different factors that can affect the eligibility for a personal loan from Citibank
In case you find that you do not meet the annual income criteria to be eligible for a personal loan from Citibank, you must find different ways to increase your income. You could think of changing your current job or you could also wait for an appraisal for a better income. Your designation also matters in this process. So, you could also work towards getting hold of a better designation. Study your credit report thoroughly. A good credit score can always help you to get a better loan amount from Citibank. Use your credit card wisely and make sure that you clear out the bill payments without delay. If you skip payments, it will only hurt your score. Banks like to see a good credit history when they approve of a loan. Paying your bills on time proves that not only you have a clean record, but also you are capable of making the monthly instalments without any issue.
The minimum age to avail a personal loan from Citibank, Singapore is 21 years.
The minimum income for a Singaporean Citizen or a Permanent Resident of Singapore must be SGD 30000 per annum to be eligible for a personal loan from Citibank.
A foreigner must have an annual income of SGD 42000 per annum to be eligible for a personal loan from Citibank, Singapore.
Yes, your credit score matters when you are applying for a personal loan from Citibank. A good credit score and credit history can get you a loan that you want.