Citibank has been in Malaysia since 1959 and has more than 6,000 employees in 11 branches and three Citi Service Centers. They offer a wide selection of financial services including credit cards, personal loans, and various investment options.This product is sold by UOB, using certain trademarks temporarily under license from Citigroup Inc. Read more Show less
Features
| ongoing promotion | - |
| interest rates | 5.33% p.a. (flat) |
| effective interest rate for new-to-bank customers | 9.90% p.a. |
| minimum loan amount | RM 5,000 |
| maximum loan amount | RM 150,000 (for existing customers only) |
| maximum loan amount | RM120,000 (for new-to-bank customers) |
| minimum loan tenure | 24 months or 2 years |
| maximum loan tenure | 60 months or 5 years |
Benefits
Eligibility
Fees & Charges
Documents Required
| Category | Documents to prepare |
| Salaried Malaysians | compulsory
any of the following where necessary
|
| Self-employed Malaysians | compulsory
|
Features
| ongoing promotion | - |
| debt consolidation interest rates | from 6.4% p.a. |
| debt consolidation effective interest rates | 11.90% - 12.90% per annum |
| loan repayment tenure options | 24, 36, 48, or 60 months |
| minimum loan amount | RM 5,000 |
| maximum loan amount for new customers | RM 120,000 |
| maximum loan amount for existing customers | RM 150,000 |
Benefits
Eligibility
Fees & Charges
Documents Required
| Category | Documents to prepare |
| Salaried Malaysians | compulsory
any of the following where necessary
|
| Self-employed Malaysians | compulsory
|
Citibank personal loan is a fixed rate unsecured personal term loan, calculated on effective interest rate. Collateral or a guarantor is not required for the application of this instalment loan.
Customers have an option of either 24, 36, 48 or 60 months. Selected customers who are existing Citi credit cardmembers could be entitled to a special tenure of 72 months. Kindly contact a Citibank officer for further information.
The prescribed rate refers to the effective interest rate (EIR) payable on the loan, calculated on a daily basis on monthly rest, on the principal amount outstanding for the relevant month billed.
The calculation starts from the date on which the loan amount is disbursed up to the date of full loan settlement.
Your final loan approval, loan amount and prescribed rate are subject to Citibank's assessment and review.
If approved, they will be reflected in the letter of approval sent to you.
You'll be notified by SMS or by written confirmation of the loan approval amount and disbursement.
The approved loan sum will be auto credited into the beneficiary account according to the loan application form.
If the approvable loan amount by Citibank is less than 70% of the loan amount applied for, then Citibank will get in touch with you via a call prior to disbursement.
That is to reconfirm whether you are still keen to take up the approvable loan amount.
It is a fixed rate unsecured personal term loan that can help you consolidate and refinance up to 5 of your existing unsecured debts, such as personal loans and credit cards from other financial institutions in Malaysia.
You need to prepare your usual identification and income documents. On top of that, you'll also need the latest redemption statement or latest closure quotation of personal loan, and/or any latest credit card statement(s) from the other banks that you would like to consolidate with Citi.
Your application will be rejected, because partial settlement of the amount of debt that you intend to consolidate cannot be accepted.
In the event of excess payment, you are solely responsible to request a refund from the respective banking and financial institution.
Only funds from the cash option (if you have opted for it) can be disbursed to your current or savings account as per your nomination in the application form. The remaining balance of the approved amount will be disbursed directly to those respective financing facilities via GIRO transfer, according to the redemption statement/latest personal loan closure quotation/latest credit card statement account details provided by you.