Enjoy Swift Processing Speed
Need extra cash for a financial emergency? With Citi loans, you won’t have to wait long to get your hands on the funds. In general, the turnaround time is very low and you may have cash almost immediately after you apply, subject to conditions. The bank offers a range of instalment loans, lines of credit, and debt consolidation plans (DCP) at affordable interest rates and competitive fees. Find out your options in the following section.
|Loan||Loan Amount||Tenure||Processing Fee|
|Citibank Personal Loan||-||1 to 5 years||-|
|Citi Quick Cash Instalment Loan||-||1 to 5 years||-|
|Citi Debt Consolidation Plan||The total principal amount you owe including any interest, fees, or charges||7 years||-|
|Citibank Balance Transfer||Min. amount of S$500||As determined by Citibank.||1.58% processing fee|
|Citibank Ready Credit Paylite||Up to 4 times monthly income||12 to 60 months||-|
To be able to take a loan from Citi, you will need to fulfil certain eligibility criteria. Find out what conditions you need to meet for each type of loan:
|Nationality status||Singaporeans, Permanent Residents, and Foreigners|
|Income||Singaporeans and PR holders: S$30,000
Here are the list of personal loans from citibank with interest rates
|Name of the Loan||Flat Interest Rate||Effective Interest Rate|
|Personal Loan||Between 4.55% p.a. and 5.79% p.a.||Between 7.5% p.a. and 10.5% p.a.|
|Quick Cash Instalment Loan||Between 4.55% p.a. and 6.85% p.a.||Between 8.5% p.a. and 12.25% p.a.|
|Citibank Ready Credit PayLite||Between 0% p.a. and 6.85% p.a.||Between 8.5% p.a. and 15.2% p.a.|
|Citibank Ready Credit (line of credit)||-||Could be as low as 20.95% p.a.|
|Citi Debt Consolidation Plan||-||Low interest rates|
High fees on a loan can eat into your savings. That may not be a problem with this loan. Here are the charges that you may have to pay on a Citi loan:
[Disclaimer: Not all the charges listed above might apply to every single Citi loan. We have just tried to introduce you to the fees that you may expect to pay for a Citi loan.]
The bank needs to assess how much you can take on a loan based on your profile. It also needs to determine what rate of interest to charge you based on the same criteria. When you provide Citi with certain documents, it helps them decide these factors. These are the documents you will need:
Any supporting documents you need to share with the bank should be mailed to: [email protected]
You can get in touch with Citi on their 24-hour hotline by dialling (65) 6225 5225.
You could also visit any of the bank’s branches.
You also have the option to mail Citi at the following address:
Citibank Singapore Ltd
Global Consumer Group
Robinson Road P.O. Box 356
Subject to conditions, you may be able to use the following channels to submit your application to the bank for processing:
[Disclaimer: There may be slight variations depending on the loan product. Whether you get to use a particular channel to submit an application would depend on the bank’s discretion.]
You may want to take a personal loan in Singapore for various reasons. Your need for funds could be because of an emergency or you may just want to put your debt in order. Citi provides you various personal loans based on your income and what you require. Now that you have details of the various personal loans offered by Citi, choose the right one and start making a difference in your life.