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|PARTICULARS||SINGAPORE / PR||FOREIGNER|
|Interest Rate||From 3.99% p.a.||From 3.99% p.a.|
|Effective Interest Rate (E.I.R)||From 7.5% p.a.||From 7.5% p.a.|
|Maximum loan amount||4X your monthly salary||4X your monthly salary|
|Minimum Annual Income||$30,000||$42,000|
|Loan Tenure||1 - 5 Years||1 - 5 Years|
|Lead Time||Upon approval, funds are deposited by next working day (Citibank account) or 1 - 5 working days (non-Citibank account)||Upon approval, funds are deposited by next working day (Citibank account) or 1 - 5 working days (non-Citibank account)|
|Late payment charge||If payment is overdue by 2 months, the loan will be terminated and any outstanding loan amount will be charged||If payment is overdue by 2 months, the loan will be terminated and any outstanding loan amount will be charged|
|Early settlement penalty||3% of outstanding unbilled principal amount or S$100 whichever is higher||3% of outstanding unbilled principal amount or S$100 whichever is higher|
|Promotion||3.99% p.a. interest rate for new CItibank customers (min. $20,000 loan, 3 years). Valid till 31 Mar 2020.||3.99% p.a. interest rate for new CItibank customers (min. $20,000 loan, 3 years). Valid till 31 Mar 2020.|
Also known as Citi Quick Cash, Citibank Personal Loan has one of the lowest promotional interest rates around. It is also relatively lenient for foreign borrowers and has $0 processing fees.
To contact Citibank about Citi Personal Loans, you can call the 24-hour Citibank hotline at +65 6225 5225 to speak to a CitiPhone Officer. This self-service phone banking hotline is available in English and Chinese.
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 an 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).