Citibank Ready Credit (Foreigners)

Updated 16 November 2018
4.94%Interest Rate (EIR 9% p.a.)
0%Processing Fee
$316Monthly Instalments
Promotion
Promotions
Interest rate lowered to 3.99% p.a. (7.5% EIR p.a.)!
  • Valid with min. loan amount of $20k, min. annual income of $30k
  • 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
Covered
Repayment Summary

Principal Loan Amount

$10,000

Loan Tenure

3 years

Interest Rate (per annum)

4.94%

Monthly Instalments

$316

Total Amount Payable

$11,365

Total Interest Payable

$1,365

Others
Eligibility

Citizenship Status

Foreigner

Age Requirement

21 - 65 years old

Employment Status

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

Minimum Annual Income

$42,000

Covered
Fees & Charges

Processing Fee

0%

Restructuring Fee

N.A.

Late Payment Fee

Additional interest at the prevailing rate. If payment is overdue by 2 months, the loan will be terminated.

Partial Repayment Penalty

No partial repayment allowed

Full Repayment Penalty

3% of outstanding principal or $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 (Foreigners)

Citibank Ready Credit (Foreigners)