Citibank Personal Loan

Citibank Personal Loan FAQ

What is the maximum amount you can borrow?

Borrowable amount of up to 10x your monthly gross salary or RM150,000 for a maximum loan tenure of five years.

The catch?

Applicant must be between the age 21 to 60 above to qualify.

Applicant must be a Malaysian citizen or permanent resident employed as a Government servant or employee of private sector organization with a minimum gross salary of RM4,000 per month.

Applicant would be able to know his/her loan approval status within the same day.

What will it cost you and how will you be charged?

One time set-up fee:

0.5% of approved loan amount.

Recurring payments:

Monthly repayment comprising principal amount and interest charge via cash deposit, cheque deposit, Interbank GIRO (IBG), or MEPS Shared ATM fund transfer.

Interest charge will be at an effective interest rate of 14.5% per annum (7.90% - 12.5% flat interest rate per annum).

Debt consolidation is also offered as low as 7.5% flat interest rate per annum.

Penalties:

Late payment charges of 1% per annum daily charge on past outstanding loan amount. Late payment charges will increase your total outstanding loan amount.

Early settlement fee of RM200 or 3% outstanding loan amount, whichever is higher; if loan is settled within 2 years or before reaching half the tenure, whichever is earlier.

Calculate the cost of taking up this loan using our calculator.

How long will the application take and what documentations are required?

Upon completing an application with iMoney, our representative will contact you within the same business day to confirm your application.

Thereafter, customer will be able to know his/her loan approval status within the same day.

You are required to furnish the following documents for your loan application with Citibank:

• Copy of NRIC (front and back)
• 2 months (most current) salary slips
• 6 month EPF or bank statement (most current)

Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

No, you are required to settle all outstanding debts before applying.

If you are looking for other personal loans, you may also consider

AmBank Islamic AmMoneyLine Facility-i

With AmBank Islamic AmMoneyLine Facility-i, the personal loan comes with an fixed interest rate starting from 8% p.a. This personal loan has a maximum tenure of 8 years. It also comes with a minimum income requirement of RM2,000.

Standard Chartered CashOne-i

Standard Chartered CashOne has a flat interest rate starting from 8.5% p.a. The maximum tenure for this personal loan is 5 years. It also comes with a minimum income requirement of RM3,000.

RHB Easy-Pinjaman Ekspres

The personal loan rate for RHB Easy-Pinjaman Ekspres starts from 8.28% p.a. It has a maximum tenure of 5 years. The personal loan also comes with a minimum income requirement of RM1,500.