Citi Quick Cash (New Loan Customers)

Citi Quick Cash (New Loan Customers)

Zero Processing Fee
Interest Rate*
Total Amount Payable
Processing Fee
MoneySmart Exclusive

Receive a range of gifts from an Google Pixel 7 Smartphone (worth S$999) OR an Apple iPad 10.2-inch Wi-Fi 64GB (worth S$499) OR up to S$550 when your Citi Quick Cash personal loan application is approved! Simply apply with MyInfo for a faster journey to your gift! T&Cs apply.

Valid until 31 Dec 2022 - See more details below

Are you eligible?

    • Promotion is valid from 01-Dec-2022 till 31-Dec-2022

    • Customers must apply through MoneySmart to be eligible

What you need to know

  1. Log into your MoneySmart account and complete your Financial profile so you can submit a claim.

  2. S$15,000 to S$24,999 Loan Size:
    - MoneySmart Incentive: S$350 Cash via PayNow OR Apple AirPods Pro 2nd Generation (worth S$359)

  3. S$25,000 to S$34,999 Loan Size:
    - MoneySmart Incentive: S$450 Cash via PayNow OR Apple iPad 10.2-inch Wi-Fi 64GB (worth S$499)

  4. S$35,000 and above Loan Size:
    - MoneySmart Incentive: S$550 Cash via PayNow OR Google Pixel 7 Smartphone (worth S$999)

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Citi Quick Cash (New Loan Customers) Review 2022

As one of the renowned banking groups in Singapore with over $4.1 billion in total assets (as per its latest 2021 annual report), Citibank has a selection of loans for you to choose from including personal loans. Their Citi Quick Cash personal loan is offered with a choice of fixed instalments up to 60 months tenure, at competitive annual interest rates and effective interest rate (EIR). Currently, their advertised interest rates are from 3.45%, with an EIR of 6.5% and above. As most interest rates are kind of personalised for each customer, the Citi Quick Cash loan rates you get might differ, depending on other factors which the bank will take into consideration. Let’s look at the pros and cons of taking up a Citi Quick Cash personal loan in this review, and compare it against other personal loans.

Pros & Cons


  • Fast loan approval
  • No processing fee
  • Convenient and quick online application via Citi Mobile App with SingPass
  • Loan disbursement instantly
  • No need to be an existing Citibank customer to apply
  • Open to Singapore Citizens, PRs and foreigners with a Singapore Employment Pass aged 21 to 65
  • Lower annual income requirement of $42,000 for foreigners as compared to other loans by other banks like Standard Chartered


  • Higher minimum annual income of $30,000 for Singaporeans and PRs as compared to some other banks
  • Citi Quick Cash (New Loan Customers) Requirements

    Similar to other personal loan requirements like those by other banks, you'll need to be aged between 21 and 65 and be a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, to be eligible to apply for this Citi Quick Cash loan.

    The minimum annual income requirements are $30,000 for Singaporeans and PRs and $42,000 for foreigners as per Citibank's application eligibility requirements. This makes Citi Quick Cash personal loan an affordable option for Singaporeans and PRs earning more than $20,000 per year.

    One thing to note is that this loan is only for new customers and not existing Citibank customers. So if you're a new customer who is a SingPass holder, you can apply with MyInfo for a quicker application. You'll be required to submit a copy of your NRIC (front and back), your latest computerised payslip or latest 12 months' CPF Contribution History Statement for the Citi Quick Cash personal loan application.

    Citi Quick Cash Interest Rates & Fees

    Citibank does not charge any processing fees or initial annual fee unlike some banks, so you'll not need to pay any processing fee unless you miss any payments for your installments, in which case you will have to make a late payment fee.

    As Citibank's interest rates aren't published upfront on their website, you'll only be able to know the actual estimated interest rate you'll be getting when you apply for the loan. At the moment, their advertised interest rates are from 3.45%, with an EIR of 6.50% and above. To make things easier to understand, here is an example to illustrate. (But keep in mind that in reality, interest rates are personalised, so yours might differ from this example which was calculated using Citibank's personal loan calculator

    Let's say you're taking up a $10,000 loan over 3 years for your wedding expenses. With an interest rate of 3.45% p.a., your estimated monthly repayment amount would be $306.49, taking into account the EIR of 6.50% p.a. which can be determined by many other factors besides the interest you are charged, such as your number of installments, frequency of installments, whether your installment amounts are equal or not, administrative fee or processing fees.

    In the situation that you decide to opt for early repayment or to cancel your Citi Quick Cash personal loan, there will be a cancellation fee of a minimum of $100 or 3% of your unbilled outstanding principal amount or $100, whichever is higher.

    Citi Quick Cash Application

    Before you start applying for Citi Quick Cash or any other personal loans, you’ve got to be really sure of why you need to take up a personal loan. Picking a manageable loan amount that you can afford to pay off in monthly installments is essential to a sound financial plan in the long run, plus, you’ve got to consider the other costs involved such as Effective Interest Rate (EIR), processing fees, annual fees, vice versa.

    Here are 5 simple steps to apply for Citi Quick Cash:

    Step 1

    Visit MoneySmart’s Personal Loans page

    Simply click on our Citi Quick Cash application link, or you can choose to apply via Citibank’s mobile app or their website with your SingPass MyInfo. Citibank will then retrieve your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.

    Step 2

    Prepare all required documentation

    You'll need to provide all the necessary documentation in order for Standard Chartered Bank to approve your personal loan application. This list of documents include:

    • NRIC or other identification details
    • Latest computerised payslip
    • Latest 12 months' CPF Contribution
    • Latest Income Tax Notice of Assessment (NOA) if you wish to be considered for a higher loan amount

    Step 3

    Select your monthly repayment plan

    Decide on your required amount before picking the suitable plan and also pick your preferred Citi account to receive your funds, or provide the details of your other bank accounts.

    Step 4

    Review and confirm details

    Tap the “Get cash now” button in the Citibank mobile app after reviewing your details.

    Step 5

    Get your loan disbursement instantly

    The loan disbursement will be completed instantly upon approval of your Citi Quick Cash personal loan online application. If you prefer to have your funds credited in a non-Citi account, it’ll take about 3-5 working days.

    Frequently Asked Questions

    Am I eligible for a Citi Quick Cash personal loan?

    If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the Citibank Quick Cash personal loan, as long as you’re aged 21 to 65, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $42,000 (for foreigners).

    Are there any fees if I take up the Citi Quick Cash loan?

    Citibank does not charge any processing fee unless you miss any payments for your installments. There’s also an early settlement or cancellation fee of $100 or 3% of the outstanding principal (whichever is higher).

    What are citibank personal loan payment options?

    There 5 payment options:

    • Cash or cheque at a Citibank branch or through their ATMs
    • AXS stations in Singapore, which are available 24/7
    • SAM or SAMPLUS machine
    • Citi Mobile App

    Are there any flexible repayment options for the Citi Quick Cash personal loan?

    Yes, the available repayment plans options range from 12 to 60 months at various attractive rates.

    If I’m late for my monthly installment, is there any late payment fee?

    Late payment charge is $100 or 3% of the outstanding principal (whichever is higher).

    When will I receive the approved loan amount in my bank account?

    If you choose to have your approved loan amount disbursed to a Citibank account, you’ll receive your loan amount instantly upon approval of your loan. If you choose to have your approved loan amount disbursed to a non-Citibank account, you’ll get it within 3-5 working days.

    Who can I reach out to if I need help for my Citi Quick Cash loan application?

    You can contact CitiPhone officers at +65 6225 5225 for any queries regarding your application.