Who Can Apply for the Citibank Quick Cash Loan?
Anyone aged 21 and above can apply for the Citibank Quick Cash Loan. For salaried employees, you must submit your latest CPF statement or Income Tax Notice of Assessment along with your payslip. Self-employed individuals are also eligible but must provide their Income Tax Notice of Assessment and latest CPF statement. Foreigners residing in Singapore are required to submit their passport, employment pass, and latest income documents to apply.
Required Documents:
✔️Copy of NRIC (front and back)
✔️Latest 12 months’ CPF statement or Income Tax Notice of Assessment
✔️Latest computerized payslip
✔️For foreigners: Passport and employment pass, latest income documents
Fees and Charges
✔️Interest Rate: 3.45% p.a. (EIR 6.5% p.a.)
✔️Cancellation Fee: S$100 or 3% of the outstanding loan amount, whichever is higher.
✔️Late Payment Charge: S$100
A Word of Advice
When considering the Citibank Quick Cash Loan, it’s important to assess your financial needs and repayment capacity. With interest rates starting at 3.45% p.a., the loan is suitable for larger expenses such as home renovations or medical bills. However, ensure that your monthly budget can comfortably accommodate the repayments to avoid late fees or additional charges.
The flexibility of this loan, with repayment terms up to 60 months, is one of its strongest features. You can tailor the loan tenure to your personal situation, helping to reduce the financial strain.
For new customers, Citibank provides a seamless application process with fast disbursement into your account, typically within 1 to 5 working days. It’s an excellent way to meet urgent financial needs without the wait.
How to Apply for Citibank Quick Cash Loan?
Visit Citibank’s official website to fill out an online application. You’ll need to provide the necessary documents, and approval is typically quick, with funds disbursed to your account within days.