Citibank Personal Loan

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.


Compare Personal Loans by Citibank Malaysia

About the loan

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Features

ongoing
 promotion

- FREE RM100 Lazada eVoucher upon loan disbursement
- valid until 31st December 2019,
- via CompareHero only, T&C apply
interest ratesfrom 5.88% p.a. - 9.80% p.a. (flat)
effective interest rate
for new-to-bank customers
10.9% p.a. - 16.9% p.a.
minimum loan amountRM 5,000
maximum loan amountRM 150,000
(for existing customers only)
maximum loan amountRM120,000
(for new-to-bank customers)
minimum loan tenure24 months or 2 years
maximum loan tenure60 months or 5 years

Benefits

  • unsecured personal term loan
  • loan up to 10X of your gross monthly income
  • low fixed interest rates
  • ZERO processing fee
  • NO collateral or guarantor required
  • get Citibank's In Principle Approval when you submit your personal loan application online

Eligibility

  • minimum monthly income - RM4,000
  • minimum age - 21 years old
  • maximum age - 60 years old
  • nationality - Malaysian or permanent resident currently working in Malaysia

Fees & Charges

  • stamp duty fee - 0.5% of total loan amount approved
  • late payment charge - 1% per annum on a daily basis
  • early settlement fee - RM200 or 3% of the outstanding loan balance, whichever is higher

Documents Required

CategoryDocuments to prepare
Salaried Malaysians

compulsory

  • photocopy of MyKad (both sides)
  • your latest EPF statement OR
  • your latest 2 months' salary slip

any of the following where necessary

  • latest BE form with tax receipt
  • 3 months' bank statement
  • latest EA form dated within the last 12 months
Self-employed Malaysians

compulsory

  • a copy of your MyKad (both sides)
  • a copy of your business registration form OR
  • latest form B with tax receipt

Features

ongoing
 promotion

- FREE RM100 Lazada eVoucher upon loan disbursement
- valid until 31st December 2019,
- via CompareHero only, T&C apply
debt consolidation
interest rates
from 6.4% p.a.
debt consolidation
effective interest rates
11.90% - 12.90% per annum
loan repayment tenure options24, 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

  • loan up to 10X of your gross monthly income
  • consolidate up to 5 outstanding balances and monthly repayments on your credit card(s) and/or personal loan(s)
  • better cash flow management from one unified account
  • competitive interest rates for greater savings
  • fast and easy application process with minimal documents required

Eligibility

  • minimum annual income requirement - RM48,000
  • minimum age - 21 years old
  • maximum age - 60 years old at the time of the loan maturity
  • nationality - Malaysian citizen or permanent resident working in Malaysia
  • credit history - holding any bank's credit card / home loan / personal loan / car loan / overdraft for more than 24 months

Fees & Charges

  • stamp duty - 0.5% of approved loan amount (1-time, Ad Valorem) 
  • early settlement fee - RM200 or 3% of the outstanding balance, whichever is higher, if loan is settled within first 2 years or before reaching half of the tenure, whichever earlier
  • late payment charge - 1% p.a. charged daily on the past due amount

Documents Required

CategoryDocuments to prepare
Salaried Malaysians

compulsory

  • latest redemption statement or latest closure quotation of personal loan and/or latest credit card statement
  • photocopy of MyKad (both sides)
  • your latest EPF statement OR
  • your latest 2 months' salary slip

any of the following where necessary

  • latest BE form with tax receipt
  • 3 months' bank statement
  • latest EA form dated within the last 12 months
Self-employed Malaysians

compulsory

  • latest redemption statement or latest closure quotation of personal loan and/or latest credit card statement
  • a copy of your MyKad (both sides)
  • a copy of your business registration form OR
  • latest form B with tax receipt
 
  • Citibank provides offshore financial services out of its office in Labuan, Malaysia and has in addition, strategic Citi Service Centers (CSC) providing centralized operations based in Kuala Lumpur, Penang and Johor Bahru. 
  • The Penang hub is the largest trade processing center in Citigroup globally and offers operations to support Citi's trade, cash management and commercial cards businesses covering over 100 countries with a corresponding network of 3,300 banks.

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.