Most useful Citibank Unsecured Loans in Hong Kong 2020
Being a globally-recognised bank, Citibank is among the go-to banking institutions in Hong Kong for many trying to borrow cash from the genuine supply. Citibank provides a variety of unsecured loans to accommodate needs that are diverse including an income tax loan and a debt consolidation reduction loan.
Which Citibank Loan is better for your needs?
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Citibank Tax Loan
Citi Tax Season Loan
Max Repayment Period
The dreaded taxation season is among the toughest times during the the for managing your cash flow year. That will help you cope, the Citibank Tax Season Loan enables you to borrow as much as 12 times your month-to-month wage (or HK$2,000,000, whichever is gloomier) at an interest rate that is relatively low.
Unlike various other taxation loans that are fairly short-term, Citibank allows you to repay the mortgage for approximately 60 months.
To be able to be eligible for a Citibank Tax loan, you have to to be considered a Hong Kong permanent resident who’s at the very least 18 yrs old. You should be a full-time worker at your overall workplace for at the very least three months, with a month-to-month wage of at the very least HK$6,000, to qualify.
It is possible to ensure you get your Citibank Tax Season loan approved for a passing fancy time, supplied you successfully submit the necessary papers along with a filled-in form before 12 noon on a day that is working.
MoneySmart Exclusive: Apply now on MoneySmart to have exclusive additional HK$4,000 Supermarket or Electronics Vouchers and obtain as much as HK$6,000 discount discount discount coupons from Citibank.
*Calculation according to loan level of HK$1,500,000 and payment amount of year; the APR that is actual differ for specific customers.
Citibank Debt Consolidation Reduction Loan
Citi Card Debt Consolidation Reduction Loans
Max Repayment Period
If you should be suffering personal credit card debt that surpasses 50 % of your total month-to-month profits, it generates sense that is financial obtain the Citibank Card Debt Consolidation Loans.
It is a unique style of loan in which the bank clears your high-interest bank card debts in your stead, while you consider repaying your Citibank loan having a payment plan you like.
You are able to borrow as much as 21 times your salary that is monthly at HK$1,200,000) and certainly will just just simply take as much as to 60 months to pay for it right right back.
MoneySmart Exclusive: Get as much as 30% off on total interest re payment + Extra Up to HK$4,000 Supermarket or Electronics Vouchers! Apply now to obtain this time-limited offer.
Note: the loan that is final authorized by Citibank therefore the loan tenure is assessed on an instance by situation foundation. Please contact Citibank for details.
How exactly to Submit An Application For Citibank Unsecured Loan?
Select Your Loan Item
Look for a suitable loan item that best fits your economic requirements. Be sure you see the print that is fine realize the mortgage framework. As soon as chosen, fill into the application form and submit all the mandatory papers.
Await Your Loan Approval Outcome
Citibank Loan professional will then contact you within 1-2 business days to finalize the regards to the mortgage. In the event that loan is ultimately authorized, you will be asked to go to a designated branch to undergo the mortgage disbursement procedure.
Disbursement of one’s Loan
If you should be obtaining Card debt consolidating Loans, you will end up needed to signal the drawdown letter to ensure that Citibank can settle your card financial obligation with other finance institutions. For any other loan kinds, your loan is going to be disbursed instantly via money, cheque or credit into your 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 items, such as for example low APR prices, money discount discount coupons, also gift suggestions such as for instance pills. These sweeteners are no doubt appealing, but as being a customer, you really need to protect your self by having to pay special focus on the small print of the provides. Loan promotions that market APR that is low are generally limited by particular loan quantities and payment durations, and so they might be modelled centered on an unusual interest framework than what you are really getting. Check that the marketing loan repayment framework is one thing you will be comfortable investing in very very first. Welcome gifts such as for instance money coupons are occasionally provided without any strings connected, however in other cases, banking institutions are able to “claw back” the present if you don’t fulfil requirements that are certain call at the terms & conditions. Warning: You’ve got to settle your loans. Do not spend any intermediaries.
Citibank Loan Application Supporting Papers
As well as the eligibility requirements defined above, you are necessary to submit listed here documents that are important Citibank can approve your loan:
Proof income
Citibank takes a few documents to show your revenue. You need to furnish official payroll slips (that includes business stamp/letterhead), however if this isn’t available, you could submit your bank declaration or account passbook showing your wage deposit record for at the very least the past 3 months.
This can be any formal page or bill that demonstrates you provided that you are a real resident of the address. It should demonstrably state both your title and domestic address. You may possibly submit your domestic bill, cell phone bill, bank statement, or page from the federal government.
Citibank Loan Fees & Costs
APR (interest) could be the many cost that is prominent of one’s personal bank loan, however it is by no means the only person! Its also wise to know about the following charges that Citibank may charge in a variety of scenarios.
Managing Fee
Citibank advertises a 0% management cost for his or her signature loans, however it is feasible that this charge is definitely consumed to the APR. Do compare signature loans across banking institutions to ensure that you have actually the rate that is best.
Early Repayment Fee
Kudos to you personally for clearing your personal bank loan early, but you will see a charge for performing this. This really is typically 1.5percent regarding the major loan quantity nonetheless it differs only a little according to when exactly you create very early repayment.
Change of Repayment Date
You can expand your payment date, however you will be charged a constant 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 Support Hotline
Need certainly to speak to somebody at Citibank urgently with regards to your loan? For loan-related inquiries and also to follow through in your application for the loan, you can easily phone 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.
