Cash woes? A personal loan to the rescue!
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    Citibank Personal Loan Interest Rates

    Citibank offers personal loans of up to 4x your annual income. It offers 4 different types of personal loans in Singapore:

    • Term Loan: Monthly repayment amount is fixed for the duration of the loan tenure.
    • Line of credit: Monthly payments will vary according to the outstanding balance on your account.
    • Balance Transfer: All outstanding credit card debt, for a limited period of time, will be subject to a 0% p.a. interest rate.
    • Zero Interest Instalment Payment Plan: Convert expensive retail purchases on your credit card into 6 monthly instalments at 0% p.a. interest.

    Citibank Personal Loan

    The following table shows the interest rates that apply for term loans with Citibank:

    Tenure (Years) Effective Interest Rates (p.a.) Applied Interest Rate (p.a.)
    1 9.00% 4.94%
    2 9.00% 4.82%
    3 8.50% 4.55%
    4 10.50% 5.72%
    5 10.50% 5.79%

    Citibank Ready Credit PayLite Line of Credit

    The following table shows the interest rates that apply on a Citibank PayLite line of credit for existing customers:

    Tenure (months) Nominal Interest Rates (p.a.) Effective Interest Rates (p.a.)
    12 6.06% 11.00%
    24 5.65% 10.50%
    36 5.39% 10.00%
    48 6.75% 12.25%
    60 6.85% 12.25%

    The following table shows the interest rates that apply on a Citibank PayLite line of credit for new customers until 31 December 2018:

    Tenure (months) Nominal Interest Rates (p.a.) Effective Interest Rates (p.a.)
    12 4.66% 8.50%
    24 4.55% 8.50%
    36 4.55% 8.50%
    48 5.72% 10.50%
    60 5.79% 10.50%

    Note: After the promotional period expires, an EIR of 20.95% p.a. will apply.

    Citibank Balance Transfer

    The following table shows the interest rates that apply on a Citibank Balance Transfer for existing customers:

    Tenure Effective Interest Rates for Credit Card (p.a.) Effective Interest Rates for Ready Credit (p.a.)
    6 months 5.81% 5.72%
    12 months 7.87% 7.58%

    The following table shows the interest rates that apply on a Citibank Balance Transfer for new to bank customers:

    Tenure Effective Interest Rates for Credit Card (p.a.) Effective Interest Rates for Ready Credit (p.a.)
    3 months 6.73% 6.69%
    6 months 3.65% 3.60%

    Citibank Paywise

    The following table shows the interest rates that apply on a Citibank Paywise zero instalment payment plan:

    Tenure Effective Interest Rate (p.a.)
    6 months 25.18%*

    *A S$500 minimum spend applies.

    Consider which type of personal loan will best meet your needs based on whether you need a short-term loan, a long-term loan, or an instalment payment plan for large purchases. You may find that you are ineligible for certain loans because you do not meet the minimum annual income. That being the case, conduct careful and thorough research on all your options prior to applying for a specific personal loan to increase your chances of securing it on your first attempt.

    Additionally, Citibank offers promotional interest rates periodically. You can browse promotional offers and interest rates in Singapore by other banks here.

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