• Citibank Ready Credit Loans

    Personal Loan BYTES FROM OUR KITCHEN

    Citibank is one of the leading banks in Singapore that offers a wide range of financial products. Credit cards and loans are the most popular products offered by the bank. Citibank offers a loan scheme known as the Citibank Ready credit which comes with a credit card of the same name. Read on to know more about the loan scheme.

    Features of Citibank Ready Credit loans

    Listed below are some of the important features of Citibank Ready Credit loans:

    • It is a personal loan scheme that comes with a credit card.
    • The card offers high loan amount up to S$75,000.
    • Offers quick access to cash through the complementary credit card.
    • The scheme charges interest only on the amount you use.
    • Offers a competitive rate of interest.
    • The personal loan is unsecured.
    • The loan comes with fixed regular monthly payments.
    • Same day approval of the loan.
    • Instant fund transfer to any bank account as soon as the loan is approved.
    • Hassle free application process.
    • Easy and minimal documentation.
    • Quick approval.
    • Available to Singaporeans and foreigners.

    Benefits of Citibank Ready Credit loans

    Listed below are the benefits of Citibank Ready Credit loans:

    • Offers high loan amount up to S$ 75,000.
    • Gives the borrower easy access to cash through the credit card.
    • The loan scheme does not require any collateral as it is an unsecured loan.
    • Helps you plan your finances effectively with a fixed monthly repayment schedule.
    • Offers flexible repayment tenures.
    • Available to Singaporeans and foreigners.
    • The loan comes with fixed regular monthly payments.
    • Low rate of interest.

    Eligibility criteria of Citibank Ready Credit loans

    Given below is the eligibility criteria of Citibank Ready Credit loans:

    • The applicant has to be a Singaporean national or resident.
    • The applicant has to be of a minimum age of 21 years.
    • The applicant has to be earning a minimum income of S$35,000.
    • The applicant has to submit all the required documents.

    How to apply for Citibank Ready Credit loans?

    There are two ways through which one can apply for Citibank Ready Credit loans- Online and offline.

    • Online- The borrower can apply for the loan online by visiting the bank’s official website and applying for the product directly online. The applicant has to fill in the application online and upload relevant documents in order to apply online. The bank usually has offers like cashback when you apply for the loan online on the official bank website. Citibank Ready Credit loans scheme can also be applied for through third party financial websites.
    • Offline- The borrower can apply for the loan offline by visiting one of the bank’s branches and applying for the loan by filling in the form at the branch.

    Fees and charges of Citibank Ready Credit loans scheme

    • Interest rate- 29.8% p.a.
    • Minimum monthly repayment- 2.5% of outstanding balance or S$50, whichever is higher.
    • Processing fee: S$100.
    • Annual fee- S$100.
    • Overlimit fee- S$40.
    • Late Payment fee: S$90.
    • Early partial or full payment: 3% of the amount to be repaid.
    • Restructuring fee: 3% of the loan amount.

    Required documents for the loan scheme

    Given below is a list of documents required for the loan scheme:

    • Proof of nationality.
    • Proof of income.
    • Proof of address.
    • Payslip.
    • 3 months of bank statements.
    • Other relevant documents.

    How to manage your Citibank Ready Credit loans?

    • Using iBanking Login: Access to your iBanking using your iBanking username and password to apply for Cashline.
    • Using Debit/ATM Card PIN: Input your Debit or ATM Card Number and the PIN number which is used in ATM. For customers who only has a Personal Credit Card with us, please use Credit Card as the selection.
    • If you are new to DBS as a customer: Select the last button to fill up the online form.

    FAQS

    1. Is Citibank Ready Credit loans a typical loan product?
    2. Citibank Ready Credit loans is not a typical personal loan scheme as the credit is offered through a credit card.

    3. Are foreigners eligible for the loan?
    4. Yes foreigners are eligible for the loan scheme provided that they fulfill the eligibility criteria.

    5. What is the maximum loan amount offered by the bank?
    6. The bank offers a maximum loan amount up to 4-10 times the applicant’s salary.

    Explore the Other Loans Offered By Citibank:
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.