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Citibank Personal Instalment

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Citibank Tax Season Loan

The tax loan offered by Citibank in 2023 features an Annualized Percentage Rate (APR) as low as 1.78%, without any hidden terms and conditions or handling fee. You can access the funds you need without delay thanks to potential same-day approval and loan disbursement, providing relief from your financial burden during the tax season. 

Citibank Speedy Cash Loan

With Citi Speedy Cash, you can potentially obtain an approval, receive cash or have the loan deposited into your designated Citibank account as quickly as the very same day. It offers an APR as low as 1.78%, and a maximum loan of HK$3.5 million or 12 times your monthly salary. There are no handling fees for loan application, and you can enjoy a repayment period of up to 60 months. Residents of Hong Kong aged 18 or above are eligible to apply.

Citibank Card Debt Consolidation Loan

Citi Card Debt Consolidation Loan allows customers to consolidate and settle all their debts in one go by borrowing up to a maximum of HK$1.2 million or 21 times their monthly salary. The loan amount will be directly used to settle borrowers’ outstanding credit card balances or loans from other financial institutions. Any remaining balance will be deposited into their designated bank account. Borrowers of Citi Card Debt Consolidation Loan enjoy an APR as low as 8.64%, with a repayment period of up to 72 months.

Citibank Loans table (APR / loan amount / repayment period) By MH

Citibank LoansAPRLoan AmountRepayment Period
Citi Speedy Cashas low as 1.78%up to HK$3.5 million or 12 times your monthly salary6 to 60 months
Citibank Tax Season Loanas low as 1.78%up to HK$3.5 million or 12 times your monthly salary6 to 60 months
Citibank Card Debt Consolidation Loanas low as 8.64%up to HK$1.2 million or 21 times your monthly salary6 to 72 months

Interest rates of Citibank’s loans

Citi Tax Season Loan boasts a competitive APR as low as 1.78%. This rate stands out as one of the lowest among bank loans, significantly lower than Standard Chartered's personal loan at 1.85%, HSBC's Personal Instalment Loan at 2.25%, and Bank of East Asia's Tax Season Loan at 5.63%.

Citi Card Debt Consolidation Loan is available at APRs starting from 8.64%, which is higher than most other debt consolidation loans offered in the market. For instance, this rate is higher than Hang Seng Bank's Debt Consolidation Instalment Loan at 4.65% and Bank of China's Express Cash Instalment Loan Balance Transfer at 5.93%, but lower than the 7.19% offered by China CITIC Bank International’s $mart Plus Personal Instalment Loan.

Approval time for Citibank’s personal loans

Upon submission of the required documents for a loan application, whether it is done online, through the loan hotline, or in person at Citibank, customers can expect a dedicated loan officer to follow up on their application within 1 to 3 business days. This will be regardless of the application’s outcome. The loan officer will then initiate a telephone confirmation process and assist with the loan disbursement procedures.

For applications and document submissions completed before 10:00 a.m. on a business day (Monday to Friday), it is possible to get same-day approval and disbursement of loan.

Use of Citi’s loans

There are no restrictions on how to use the personal loans offered by Citibank. Customers can consider Citi Speedy Cash for those who require cash flow for marriage, investments, car purchase, home renovations, further education, medical expenses, and more. For consolidating debts and settling credit card balances, Citi Card Debt Consolidation Loan is a suitable option. While customers can choose the Citibank loan programs based on their individual needs, it should be noted that the monthly flat rate and APR may vary depending on individual financial circumstances.

How to apply for Citibank personal loan?

  1. Click on MoneyHero’s “Apply Now” button, enter your email to get started on your reward journey and go through to the Citibank website

  2. Click on "Apply Now" and provide your personal information, including your name, mobile phone number, and email address

  3. Select the loan amount and repayment period

  4. Submit the required supporting documents

  5. After submitting the application, the loan can be approved and disbursed as quickly as the same day.

Application requirements and documents needed for Citibank’s loan application

Citibank personal loans have relatively little application requirements. Applicants only need to be permanent residents of Hong Kong aged 18 or above, employed for a minimum of 3 months in their current job, and have a monthly salary of HK$6,000 or above to qualify for the loans.

To complete the application for a Citibank loan, applicants are required to provide the following documents: Hong Kong permanent identity card, proof of address, income proof such as the most recent month's pay slip or the past 3 months' bank statements. Additionally, for the Citi Tax Season Loan, tax demand notes will also need to be submitted.

Citibank loan fees

Handling fee

Applying for a Citibank personal loan incurs no handling fees, and there are no hidden terms or conditions.

Early repayment fee

If a customer opts for an early repayment, a fee of typically 1.5% (depending on the remaining repayment period) will be charged based on the loan amount and the early repayment date. 

Extension fee

If a customer wishes to change the loan's due date or extend the repayment term, an extension fee will be charged. If the request for an extension is made before the loan is disbursed, the fee will be calculated based on the number of days, loan interest, and the outstanding loan amount. The extension period cannot exceed 45 days. As for a request made after the loan has been disbursed, the customer will be charged the aforementioned "extension fee" as well as an additional HK$100 (in the event the desired new due date is more than 1 month away from the original date).

Citibank Personal Loan FAQ

How long is the repayment period for Citibank's personal loan programs?

The repayment period for Citi Speedy Cash ranges from 6 to 60 months, while Citi Card Debt Consolidation Loan provides a choice between 6 to 72 months.

Will Citibank check TU records or credit scores?

Yes, applying for a Citi personal loan involves a review of applicants’ credit records, including information about their credit accounts, overdue accounts, credit inquiry records, past repayment details, etc.

What is the Citibank loan hotline?

You can call the Citibank loan hotline at (852) 2963 6477 to apply for a loan from Monday to Friday, between 9:00 a.m. and 7:00 p.m. Applying through MoneyHero will net you more rewards versus applying through phone.

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The repayment period for Citi Speedy Cash ranges from 6 to 60 months, while Citi Card Debt Consolidation Loan provides a choice between 6 to 72 months.
Yes, applying for a Citi personal loan involves a review of applicants’ credit records, including information about their credit accounts, overdue accounts, credit inquiry records, past repayment details, etc.
You can call the Citibank loan hotline at (852) 2963 6477 to apply for a loan from Monday to Friday, between 9:00 a.m. and 7:00 p.m. Applying through MoneyHero will net you more rewards versus applying through phone.

MoneyHero has partnered with the most trusted banks and financial institutions in Hong Kong to help you find the right financial products for you. Through our comparison engine, you can compare credit cards, personal loans, mortgages, medical insurance, travel insurance, HK stock accounts, US stock accounts, payroll accounts and other financial products. We provide accurate, up-to-date information and an unbiased overview of financial products in Hong Kong so that you can make the best choice, saving your time and money.

A personal instalment loan, also known as an unsecured loan, is a type of loan that allows you to borrow a specific amount of money at any time, and pay it back through several fixed instalments over a period. Unlike a secured loan, which requires a house or a car as part of a collateral security, a personal loan only requires a monthly payments consisting of both the loan's principal and interest. However, if you pay it off on time, you can use the money from your personal loan to finance personal goals. With your personal loan, you will have the funds to use on whatever you like such as: refurbishing your home or planning your next dream holiday. You can simply pay back any personal loans within one to five years, making it a lot simpler to manage your budget whilst repaying it in full.

Personal loans can be applied in a majority of banks here in Hong Kong. Popular lenders include the likes of Citibank, HSBC, China Construction Bank, Standard Chartered, Hang Seng Bank, WeLend Social Lending, DBS, and many more. These banks offer loans at competitive rates and often paired with equally tempting promotions and offers. With the help of MoneyHero's online comparison tool, you can keep track of all the different lenders on the market and instantly find deals that work for your budget. Compare interest rates, loan amounts, total repayment values and terms offered by Hong Kong's personal loan providers. Find out about other offers such as welcome benefits, special rates, and other promotions and privileges. MoneyHero's comparison tool is free and easy to use. You can find the right personal instalment loan with the lowest monthly rates to suit your needs.

Can't find free time away to go to the bank? Save time by simply signing up for a personal loan online through MoneyHero. Choose a lender with the best interest rates based on your desired loan amount and repayment period, then click on the Apply Now button. Supplementary information may be needed along with your loan application depending on which lender you apply from. To qualify for a loan, you must be at least 18 years old and a Hong Kong resident. Please note that some providers may ask for proof of income and proof of residence, so please prepare them in advance. Your credit ratings will also be reviewed. Find the best personal loan offers from Hong Kong's top providers. Compare and apply for a personal loan today with the help of MoneyHero. Check our Personal Loans Guide for further information.

Every company needs funding for cash flow, operations, equipment, expansion, etc. A business loan is specially designed for companies to meet financial needs, bringing loans with high loan amounts, flexible repayment periods, and even unsecured loans and SME loans for companies to bring immediate solutions to capital needs. Please note that SMEs in Hong Kong refer to manufacturing businesses employing less than 100 people and non-manufacturing business with less than 50.

There are plenty of business loans, and each one of them meets different needs, making the choice of the best loan a very confusing task. Before applying for a loan, you should first identify the company's financial needs, like how much and how long do you need to borrow, how quickly do you need the money, and the company's repayment ability; and then you have to compare the interest rates, type of loan(e.g. Instalment or revolving loan), loan term, repayment period, approval time and handling fees of various loans. Moreover, some banks have regular promotions to offer cash rebates and attractive interest rates, don't miss this opportunity if you hope to earn more. Please note that some loans require that the company should be operating and registered in Hong Kong for at least one year and have good loan repayment record.

The maximum loan amount is normally at 6 - 18 times income, and some loans even claim to have no loan limits, but still, it depends on the borrower's income.

Monthly interest rates appear to be attractive, but since handling and administrative fees are not included, we suggest that borrowers should compare the Annual Percentage Rates (APR) of personal instalment loans for a more direct reference and not to ignore the hidden charges.

Many financial companies claim that they can offer "instant loan approval". However, instant approval only means approval in principle. Your application needs to take at least 60 minutes to get actual approval. Some banks require longer approval period, which usually fall between 2-5 working days.

Loan borrowers of personal instalment loans will repay the loan monthly with a fixed amount of principal and interest, and the interest for the loan amount will usually be calculated based on a monthly flat rate. If you know your total loan amount, monthly flat rate and repayment period, you can calculate the monthly interest.

Before applying for a loan, you should ask yourself why you need the money and never over-borrow. and Before you file the application, you should understand your financial situation and repayment ability, consider your loan amount, repayment period and monthly payment, and also read the terms and conditions carefully, including the details about handling fees. Do not apply for a loan to a financial institution with unknown background or bad reputation.

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