Most useful Citibank Unsecured Loans in Hong Kong 2020

As being a globally-recognised bank, Citibank is just one of the go-to banking institutions in Hong Kong for people seeking to borrow cash from a genuine supply. Citibank provides a selection of signature loans to match diverse requirements, including an income tax loan and a debt consolidating loan.

Which Citibank Loan is most beneficial for your needs?

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Citibank Tax Loan

Citi Tax Season Loan

Max Repayment Period

The dreaded taxation season is just one of the most challenging times of the 12 months for handling your money movement. That will help you cope, the Citibank Tax Season Loan allows you to borrow as much as 12 times your month-to-month wage (or HK$2,000,000, whichever is leaner) at a fairly low-value interest.

Unlike various other income tax loans that are fairly short-term, Citibank allows you to repay the mortgage for approximately 60 months.

So that you can be eligible for Citibank Tax loan, you have to to be considered a Hong Kong permanent resident who’s at the very least 18 years old. You should be a full-time worker at your present workplace for at the least three months, by having a month-to-month wage of at the very least HK$6,000, to qualify.

You are able to get the Citibank Tax Season loan authorized on a single time, provided you successfully submit the necessary documents as well as a filled-in form before 12 noon on a day time.

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*Calculation centered on loan level of HK$1,500,000 and payment amount of year; the real APR may differ for specific clients.

Citibank Debt Consolidating Loan

Citi Card Debt Consolidating Loans

Max Repayment Period

If you are suffering credit debt that surpasses 1 / 2 of your total month-to-month profits, it generates sense that is financial obtain the Citibank Card financial obligation Consolidation Loans.

This is certainly a unique form of loan where in actuality the bank clears your high-interest charge card debts for you, whilst you concentrate on repaying your Citibank loan having a payment plan that best suits you.

You can easily borrow as much as 21 times your salary that is monthly at HK$1,200,000) and may simply just take as much as to 60 months to pay for it straight right back.

MoneySmart Exclusive: Get as much as 30% off on total interest payment + Extra Up to HK$4,000 Supermarket or Electronics Vouchers! Apply now to obtain this offer that is time-limited.

Note: the ultimate loan quantity authorized by Citibank plus the loan tenure is examined on an instance by instance basis. Please contact Citibank for details.

How exactly to Make An Application For Citibank Personal Bank Loan?

Select Your Loan Item

Locate a suitable loan product that best fits your economic requirements. Be sure you browse the terms and conditions and comprehend the loan framework. When chosen, fill the application form in and submit all the mandatory documents.

Watch for Your Loan Approval Outcome

Citibank Loan professional will contact you within then 1-2 trading days to finalize the regards to the mortgage. In the event that loan is fundamentally authorized, you shall be asked to search well for a designated branch to endure the mortgage disbursement procedure.

Disbursement of one’s Loan

If you should be trying to get Card debt consolidation reduction Loans, you’ll be expected to signal the drawdown letter to ensure that Citibank can settle your card financial obligation along with other finance institutions. For any other loan kinds, your loan will likely be disbursed immediately via money, cheque or credit into the designated banking account

Citibank Loan Has & Promotions

Like almost every other bank or cash loan provider, Citibank often provides promotions that are seasonal their unsecured loan services and products, such as for example low APR prices, money discount discount coupons, also presents such as for instance pills. These sweeteners are no doubt appealing, but being a customer, you ought to protect your self by having to pay attention that is special the terms and conditions of those provides. Loan promotions that market APR that is low are restricted to certain loan quantities and payment durations, and they can be modelled predicated on yet another rate of interest framework than that which you’re actually getting. Make sure that the loan that is promotional framework is something you’d be comfortable investing in first. Welcome presents such as for example money coupons are now and again provided without any strings connected, however in other instances, banking institutions have the ability to “claw straight right straight back” the present should you not fulfil specific demands set away in the terms & conditions. Warning: You’ve got to settle your loans. Do not spend any intermediaries.

Citibank Loan Application Supporting Papers

Besides the eligibility requirements defined above, you are expected to submit the next essential papers before Citibank can approve your loan:

Evidence of earnings

Citibank takes a few papers to show your revenue. It is best to furnish payroll that is official (filled with business stamp/letterhead), however, if it is not available, you’ll be able to submit your bank declaration or account passbook showing your income deposit record for at the very least the previous 90 days.

That is any formal letter or bill that demonstrates you provided that you are a real resident of the address. It should plainly state both your title and address that is residential. You might submit your domestic bill, cell phone bill, bank declaration, or page through the federal government.

Citibank Loan Fees & Costs

APR (interest) will be the many prominent price component of the personal bank loan, however it is by no means the only person! It’s also advisable to know about the fees that are following Citibank may charge in several situations.

Managing Fee

Citibank advertises a 0% managing cost with their unsecured loans, however it is feasible that this cost is definitely consumed to the APR. Do compare signature loans across banking institutions to ensure that you have actually the most useful price.

Early Repayment Fee

Kudos for your requirements for clearing your loan that is personal early but you will see a payment for doing this. This will be typically 1.5percent of this major loan quantity however it differs just a little dependent on when exactly you make very early repayment.

Change of Repayment Date

You can expand your payment date, however you will be charged a day-to-day Extension Fee in the same rate of interest of one’s unsecured loan. The maximum expansion Citibank will give you is 45 times.

Citibank Loan Customer Care Hotline

Need certainly to speak to somebody at Citibank urgently relating to your loan? For loan-related inquiries also to follow through on the application for the loan, it is possible to call Citibank’s hotline at (852) 2963 6477. The hotline runs from Mondays to Fridays from 9am to 8pm, as well as on Saturdays from 9am to 6pm.