Citi Debt Consolidation Plan

Updated 17 February 2019
5.67%Interest Rate (EIR 10.50% p.a.)
NilProcessing Fee
$325Monthly Instalments
Key features
Key Features
  • Enjoy interest savings as you consolidate all your outstanding balances with fixed monthly payments.
  • No processing fees at all, which lowers your overall repayment sum.
  • Flexibility to choose loan tenure up 7 years, which lowers your monthly instalment.
  • Total interest-bearing outstanding balances on credit cards and personal loans must be at least 12X your monthly income.
  • Get a credit card with a limit of 1X your monthly income.
  • Complimentary protection insurance coverage of up to S$160,000.
  • If this your first DCP, your loan amount approved/disbursed will be the outstanding bills and interest, plus 5% on top of that. E.g. A first DCP loan of $30k, the loan amount approved/disbursed will be $31.5k.
Repayment Summary

Principal Loan Amount


Loan Tenure

3 years

Interest Rate (per annum)


Monthly Instalments


Total Amount Payable


Total Interest Payable



Citizenship Status

Singaporean / PR

Age Requirement

21 years old and above

Employment Status

Salaried Employee

Minimum Annual Income


Fees & Charges

Processing Fee


Restructuring Fee


Late Payment Fee

Rate/amount specified in your Approval Letter will apply until payment in full is received by the bank

Partial Repayment Penalty

No partial prepayment allowed

MoneySmart lists personal loan products that range between a minimum of 1 to a maximum of 7 years. The effective interest rate (EIR) of loan products on our site range from 8.5% p.a. to up to 20.0% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.

For example, you would need to pay S$316/month for a S$10,000 personal loan with a loan tenure of 3 years. This would equate to a total payment of S$11,376 over 3 years. Please view each personal loan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).

Citi Debt Consolidation Plan

Citi Debt Consolidation Plan