As being a globally-recognised bank, Citibank is amongst the go-to banking institutions in Hong Kong for the people trying to borrow cash from the source that is legitimate. Citibank provides a selection of signature loans to accommodate needs that are diverse including a income tax loan and a debt consolidating loan.

Which Citibank Loan is most beneficial for you personally?

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Citibank Tax Loan

Citi Tax Season Loan

Max Repayment Period

The dreaded taxation season is among 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 gloomier) at an interest rate that is relatively low.

Unlike various other taxation loans that are fairly short-term, Citibank enables you to repay the mortgage for as much as 60 months.

So that you can be eligible for Citibank Tax loan, you need to to be a Hong Kong permanent resident that is at the least 18 years old. You should be an employee that is full-time your present workplace for at the least a couple of months, with a month-to-month income of at the very least HK$6,000, to qualify.

It is possible to get the Citibank Tax Season loan authorized on a single time, offered you successfully submit the desired papers along with a filled-in form before 12 noon for a day that is working.

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*Calculation according to loan level of HK$1,500,000 and payment amount of one year; the real APR may vary for specific clients.

Citibank Debt Consolidation Reduction Loan

Citi Card Debt Consolidation Reduction Loans

Max Repayment Period

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

It is a unique form of loan where in actuality the bank clears your high-interest charge card debts in your stead, although you give attention to repaying a repayment plan to your Citibank loan that best suits you.

You’ll borrow as much as 21 times your month-to-month wage (capped at HK$1,200,000) and that can just take around to 60 months to cover it right straight back.

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Note: the loan that is final authorized by Citibank and also the loan tenure is assessed on an instance by instance foundation. Please contact Citibank for details.

Simple tips to Submit An Application For Citibank Personal Bank Loan?

Select Your Loan Item

Look for a suitable loan item that best fits your monetary requirements. Be sure you browse the terms and conditions and comprehend the loan framework. As soon as chosen, fill in the application and submit all the necessary papers.

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. If the loan is eventually authorized, you will have to go to a designated branch to undergo the mortgage disbursement procedure.

Disbursement of the Loan

You will be required to sign the drawdown letter so that Citibank can settle your card debt with other financial institutions if you are applying for Card Debt Consolidation Loans. For other loan kinds, your loan will likely to be disbursed immediately via money, cheque or credit into the designated banking account

Citibank Loan Has & Promotions

Like almost every other bank or cash lender, Citibank often provides promotions that are seasonal their personal bank loan items, such as for example low APR prices, money discount coupons, also gift ideas such as for example pills. These sweeteners are no doubt appealing, but as being a customer, you need to protect your self if you are paying unique awareness of the terms and conditions of the provides. Loan promotions that market APR that is low are usually limited by particular loan quantities and repayment durations, as well as might be modelled predicated on an unusual rate of interest framework than that which you’re really getting. Make sure that the promotional loan payment framework is one thing you’d be comfortable investing in very very very first. Welcome presents such as for example money discount coupons are now and again offered without any strings connected, however in other instances, banks have the ability to “claw right straight straight back” the present if you fail to fulfil requirements that are certain down in 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 needed to submit the next documents that are important Citibank can approve your loan:

Evidence of earnings

Citibank takes a few papers to show your revenue. You need to furnish formal payroll slips (filled with business stamp/letterhead), however if it is not available, you may submit your bank declaration or account passbook showing your income deposit record for at the very least the last 3 months.

That is any official page or bill that demonstrates you provided that you are a real resident of the address. It should plainly state both your title and domestic target. You may possibly submit your domestic bill, cell phone bill, bank declaration, 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 in no way the only person! It’s also wise to know about the fees that are following Citibank may charge in several situations.

Managing Fee

Citibank advertises a 0% managing cost because of their signature loans, however it is possible that this charge is probably consumed in to the APR. Do compare unsecured loans across banking institutions to ensure that you have actually the most useful rate.

Early Repayment Fee

Kudos for you for clearing your unsecured loan early, but you will see a payment for performing this. This will be typically 1.5percent associated with major loan quantity however it differs only a little based on when exactly you make repayment that is early.

Change of Repayment Date

You’re able to expand your payment date, but you’ll be charged a constant Extension Fee during the exact same rate of interest of the unsecured loan. The extension that is maximum will grant you is 45 times.

Citibank Loan Customer Support Hotline

Have to speak to some body at Citibank urgently with regards to your loan? For loan-related inquiries and also to follow-up on the application for the loan, you can easily 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.