Citibank Ready Credit

Updated 16 December 2018
4.55%Interest Rate (EIR 8.50% p.a.)
0%Processing Fee
$316Monthly Instalments
Interest rate lowered to 3.99% p.a. (7.5% EIR p.a.)!
  • Valid for 3 years loan tenor, with min. loan amount of $20k and min. annual income of $30k
  • EIR is fixed at 7.5% p.a. for any loan tenor, with min. loan amount of $20k
  • Eligible to new to Ready Credit account holders only
  • Apply online from 10 Oct to 31 Dec 2018
Key features
Key Features
  • No processing fees at all, which lowers your overall repayment sum
  • Applicable for all loan tenor and loan of $1k and above
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

age 21 - 65 years old

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income


Fees & Charges

Processing Fee


Restructuring Fee


Late Payment Fee

If payment is overdue by 2 months, the loan will be terminated and any outstanding loan amount will be charged.

Partial Repayment Penalty

No partial prepayment allowed

Full Repayment Penalty

3% of outstanding unbilled principal amount or s$100 whichever is higher

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).

Citibank Ready Credit

Citibank Ready Credit