TODO
Citi Debt Consolidation Loan
Update time: Nov 2022
$
204,560
Total Repayment (as low as)
$
17,047
Monthly Repayment (as low as)
4.26
%
APR (as low as)
Monthly Flat Rate: 0.19%
[Consolidate your debts] A lower interest loan making repayment easier; APR as low as 4.26% (calculation based on the monthly flat rate 0.19% with loan amount of HK$1,200,000 and repayment period of 12 months);
Repayment term up to 72 months, HK$0 handling fee

Great for

  • [MoneyHero Exclusive Offer] Hot Gadgets - Pick What You Like!

    • Eligibility:
      • successfully apply for Citi Debt Consolidation Loan on MoneyHero from 1 October to 30 November 2022, and
      • choose a repayment period of 12 months or above, and drawdown the loan within 1 month
    Loan Amount Gadgets Apple Gift Card / Coupon
    HK$800,000 or above

    Option (1): iPhone 14 Pro 128GB (valued at HK$8,599); or

    Option (2): RIMOWA Essential Check-In L Luggage (85L/30")
    (Valued at HK$8,500)

    HK$8,000 Apple Store Gift Card / Supermarket Coupon

    HK$300,000 to HK$799,999 Dyson V15 Detect™ Total Clean Vacuum (valued at HK$6,080) HK$6,000 Apple Store Gift Card / Supermarket Coupon
    HK$200,000 to HK$299,999 Marshall Woburn II Bluetooth Speaker (valued at HK$4,999) HK$5,000 Apple Store Gift Card / Supermarket Coupon
    HK$100,000 to HK$199,999 B&O Explore Bluetooth Speaker (valued at HK$1,898) HK$1,000 Apple Store Gift Card / Supermarket Coupon
    • All of the Rewards will be issued randomly in colour
    • For more details about the promotion, please see Terms and Conditions
  • Product Features

    • Same-day approval and same-day loan disbursement
    • Repayment term up to 72 months, HK$0 handling fee
    • Loan amount of Citi Card Debt Consolidation Loans is up to 21 times of your monthly salary or HK$1,200,000, whichever is lower
    • No hidden terms and conditions

Need to know

  • Things you need to know

    • The application of Citi Tax Season Loan or Citi Debt Consolidation Loan must be successfully applied on or before 30 November 2022. The application date is subject to Citibank’s system records
    • Offers are only applicable to customers who do not hold any Personal Loan account offered by Citibank (Hong Kong) Limited at the time of application
    • Each eligible customer can enjoy the Reward once during the promotion period
    • The annualized percentage rate (“APR”) ranges from 4.26% to 35.78%, with repayment period of 6 to 72 months.
    • The Annualized Percentage Rate ("APR") of as low as 4.26% is calculated based on the monthly flat rate 0.19% with loan amount of HK$1,200,000 and repayment tenor of 12 months.
    • The Annualized Percentage Rate ("APR") of as low as 35.78% is calculated based on the monthly flat rate 1.46% with loan amount of HK$100,000 and repayment tenor of 18 months.
    • APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The actual APR applicable may differ, which is to be considered on a case-by-case basis in accordance with customer’s profile. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualized rate. The maximum APR will change and subject to monthly flat rate amendment. The Bank reserve the right to amend the monthly flat rate and APR. The loan application is subject to the Bank’s approval. For a loan amount of HK$200,000 with 12 months repayment period, the monthly flat rate is 0.5% (APR 11.46%), and the total loan repayment amount is HK$212,004 (including full handling fee waiver). The above example is for reference only.
    • To borrow or not to borrow? Borrow only if you can repay!

Eligibility

Minimum Age
18 years old
Min. Annual Income
HK$72,000

Fees

Handling Fee
1

Steps to Apply

1. Fill in the application form and submit it together with the required documents.
2. Wait for the loan approval result
3. Disburse the loan

Required Documents

1. Hong Kong Permanent Resident Identity Card
2. Income proof,
e.g. latest month's payroll slip, latest salary tax demand note, latest MPF contribution proof or latest three months' payroll account bank statement/account passbook (with first page showing your name and account number)
3. Latest three months' full set of main bank statement/account passbook (with first page showing your name and account number)
4. Latest residential address proof (e.g. electricity bill or bank statement)
5. Any other documents or certificates deemed appropriate.

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