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    We found 1 Citibank Personal Loan
    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 4.55% p.a. EIR from 8.5% p.a.
    (Welcome offer for new to bank customers)
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    Personal Loan BYTES FROM OUR KITCHEN

    Citibank Personal Loan

    From meeting your urgent financial requirements to making personal and business investments, Citibank personal loans can be used for various purposes. Citibank Ready Credit Account holders can convert their credit line into an easy installment personal loan. Alternatively, the credit limit on your Citibank Credit Card can also be converted into an easy installment loan with flexible repayment options for a loan tenure of 12 to 60 months at competitive interest rates.


    You’re probably eligible for a Citibank Personal Loan if you are

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    Citibank Personal Loan Minimum Age

    Atleast 21 years

     Citibank Personal LoanMaximum Age

    Below 62 Years

     Citibank Personal Loan Eligible Employment Type

    Salaried or self-employed with regular income

     Citibank Personal Loan Minimum Income

    Earn more than the minimum income required


    Your Citibank Personal Loan amount eligibility is based on these factors

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     Citibank Personal Loan Minimum Salary

    Minimum income required Singaporean/PR - S$30,000

    Citibank Personal Loan Maximum Loan Funded

    Max loan amount - Depends on Income

     Citibank Personal Loan EMI

    EMIs of other loans lower your eligibility


    Documentation needed to apply for an Citibank Personal Loan

    • 1. A front and back photocopy of NRIC/Passport/Employment Pass.
    • 2. Salaried Employee:
      • Most recent computerised payslip AND most recent Income Tax Notice of Assessment (NOA) OR
      • CPF statement for the past 12 months to be submitted through the bank’s “CPF web-link”. The link can be found on the bank’s website.
    • 3. Self-Employed:
      • Income Tax Notice of Assessment for the past 2 years AND
      • Bank statements for the past 3 months.
    • 4. Foreigners:
      • Most recent Income Tax Notice of Assessment AND
      • Most recent computerised payslip.

    Citibank Personal Loan DetailsUpdated on 14 Dec 2017

    Citibank Personal Loan Details
    Interest Rate (for new customers) 4.55% p.a. (3 years)
    Minimum Income S$30,000 p.a.
    Min Loan Amount S$1,000
    Loan Tenure 1-5 years
    EIR 8.50% p.a. (3 years)

    Why choose Citibank personal loans?

    Here are a few reasons why you should opt for personal loans offered by Citibank:

    • Citibank personal loans are offered at one of the lowest interest rates for a period of 12 to 60 months.
    • The bank has excellent 24/7 customer service support to answer the queries of its customers.
    • The application and documentation process for Citibank personal loans are simple and easy. You can participate in the “Citibank 1 Hour Approval Program” and have your personal loan approved within the hour (subject to eligibility and terms and conditions).
    • Citibank offers special offers for new customers such as personal loans at a nominal interest rate of 4.55% p.a. with an EIR of 8.5% p.a. (3-year tenure).
    • With Citi Debt Consolidation Plan, you can consolidate all your unsecured loan payments into one single repayment at low interest rates for a loan tenure of up to 7 years.
    • You can use the bank’s Personal Loan Calculator to determine your repayment schedule for your loan tenure.

    Types of Citibank Personal Loan Products

    Here are the different personal loans that Citibank offers its customers:

    • Citibank Ready Credit (personal line of credit)

      Enjoy up to 4 times your monthly income as your credit limit with an interest rate as low as 1.663% per month.

    • Citibank Ready Credit PayLite (Instalment Loan)

      Enjoy a credit limit of up to 4 times your monthly income with a tenure of up to 60 months (5 years). You can get your loan approved within an hour.

    • Citi Debt Consolidation Plan (DCP)

      Enjoy low monthly repayments with a loan tenure for up to 7 years. Apply for this plan and receive complimentary protection insurance cover (maximum coverage up to S$160,000).

    • Balance Transfer 

      Enjoy 0% interest for the first 6 months with a low processing fee of 1.58% (this translates to EIR of 3.6% p.a.) on your Citibank Ready Credit. The minimum loan amount is S$500.

    • Paywise 

      Convert your retail purchases of at least S$500 into monthly instalments with a low processing fee.

    Citibank Personal Loan Features and Benefits

    Here are the features and benefits of Citibank Personal Loan products:

    • Minimum loan amount  

      The minimum loan amount for a personal loan is S$1,000 and for balance transfers and Paywise, the minimum loan amount is S$500.

    • Low interest rates 

      New customers of Citibank will enjoy promotional interest rate offers on various personal loan products.

    • Flexible tenures 

      Personal loan tenures start from 6 months and extend up to 60 months.

    • Low processing fees 

      Pay low service fees to get your personal loan product application processed.

    • 1 hour approval 

      Enjoy personal loan approval in 1 hour upon meeting the terms and conditions.

    • Loan amount disbursal -

      Upon approval of your Citibank personal loan, the approved loan amount will be deposited into a Citibank account within the next business day and into a non-Citibank account within 5 business days.

    Citibank Personal Loan Eligibility Criteria

    Here are some common eligibility criteria applicable to Citibank Personal Loans:

    • Nationality criterion 

      All personal loan products are applicable to Singapore citizens and Permanent Residents. Foreigners are eligible to apply for select personal loan products.

    • Age criterion 

      The minimum age to apply for a personal loan product with Citibank is 21 years.

    • Income criterion 

      The minimum income requirement for Singapore citizens and Permanent Residents is S$30,000 per year and for foreigners is S$42,000 per year.

    Citibank Personal Loan Interest Rates

    Interest Rates Applicable to New Citibank Customers:

    Loan tenure Nominal Interest Rate Effective Interest Rate
    12 months 4.94% p.a. 9.00% p.a.
    24 months 4.82% p.a. 9.00% p.a.
    36 months 4.55% p.a. 8.50% p.a.
    48 months 5.72% p.a. 10.50% p.a.
    60 months 5.79% p.a. 10.50% p.a.

    Interest Rates Applicable to Existing Citibank Customers:

    Loan tenure Nominal Interest Rate Effective Interest Rate
    12 months 6.06% p.a 11% p.a.
    24 months 5.65% p.a. 10.50% p.a.
    36 months 5.39% p.a. 10% p.a.
    48 months 6.75% p.a. 12.25% p.a.
    60 months 6.85% p.a. 12.25% p.a.

    Citibank Personal Loan Calculator

    The Citibank Personal Loan Calculator is available to new and existing customers on the bank’s website. Here is how to use this calculator:

    • Step 1 - Choose your relationship with the bank (new customer/existing customer).
    • Step 2 - Choose your loan amount.
    • Step 3 - Choose your loan tenure.

    The results:

    • Your nominal interest rate and Effective Interest Rate (EIR) will be displayed along with your monthly repayment amount.
    • Click on the option, “VIEW REPAYMENT SCHEDULE” to get a delayed schedule of your monthly principal and interest payments along with your outstanding balance after each repayment.

    Citibank Personal Loan Fees and Charges

    • Cancellation fee - S$100 or 3% of the unbilled outstanding principal amount, depending on whichever of the two is higher.

    How to apply for Citibank Personal Loan

    You can apply for a Citibank Personal Loan through our website. All you have to do is to click on Check Eligibility and provide a few pieces of basic information

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