Citi Quick Cash Reviews and Comparison - Seedly
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Citi Quick Cash

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Personal Loans/Citi Quick Cash
Personal Loans/Citi Quick Cash
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Plans (5)

Slide 1 of 5
  • Citi Quick Cash (1 Year Tenure)

    9.50%
    EFFECTIVE INTEREST RATE
    5.22%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • Citi Quick Cash (2 Year Tenure)

    9.00%
    EFFECTIVE INTEREST RATE
    4.82%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • Citi Quick Cash (3 Year Tenure)

    8.50%
    EFFECTIVE INTEREST RATE
    4.55%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • Citi Quick Cash (4 Year Tenure)

    10.50%
    EFFECTIVE INTEREST RATE
    5.72%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE
  • Citi Quick Cash (5 Year Tenure)

    10.50%
    EFFECTIVE INTEREST RATE
    5.79%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE

    Citi Quick Cash (1 Year Tenure)

    9.50%
    EFFECTIVE INTEREST RATE
    5.22%
    FLAT INTEREST RATE
    $0
    PROCESSING FEE

Details

Citi Quick Cash Review 2020

  • One of the lowest interest rates ever at 0% nominal interest rate for 1 year with EIR at 7.85% p.a ( promotion ends April 2020)
  • 3.5% processing fee
  • Minimum annual income requirement of S$20,000
  • Flexible repayment with plans from 1 year to 5 years
  • Attractive rates for short term loans of 1 to 3 years for an amount of at least S$20,000
  • Offers lower interest rates for new Citibank customers
  • However, it is not as ideal for borrowers looking for longer term loans of more than 3 years.
  • The interest rates are also higher for existing Citibank customers, and borrowers whom only require small loan amounts

Read More about Citi Quick Cash
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Citibank Personal Loan Interest Rates for Citi Quick Cash

Tenure (years)

Nominal Interest Rates p.a.

Effective Interest Rates (EIR) p.a.

Processing Fee

1

0%

7.85%

3.50%

2

4%

7.50%

0%

3

3.99%

7.50%

0%

4

4.01%

7.50%

0%

5

4.05%

7.50%

0%

For new Citi customers taking a loan of more than $20,000

Tenure (years)

Nominal Interest Rates p.a.

Effective Interest Rates (EIR) p.a.

Processing Fee

1

0%

7.85%

3.50%

2

4.82%

9.00%

0.00%

3

4.55%

8.50%

0%

4

5.72%

10.50%

0%

5

5.79%

10.50%

0%

For new Citi customers taking a loan amount of less than $20,000

Features: Pros and cons of Citibank Quick Cash Personal Loan:

  • One of the lowest nominal interest rates for personal loans at 0% p.a. It is interest free with a 3.5% processing fee for the first year.
  • Effective Interest Rate (EIR) 7.85% p.a. for that 1 year for new applicants
  • Fixed 7.50% EIR p.a. for tenures of 2 to 5 years (min loan amount S$20,000)
  • No documents required and no hidden fees
  • Can be used for big ticket items like home renovation, weddings, or urgent expenses like medical bills or repairs
  • Receive up to S$300 Lazada Vouchers when applying for a personal loan through the Citi Mobile App (till 31 March 2020)
  • Upon approval, you can instantly access cash in your Citibank account the next working day
  • Alternatively, you have the approved loan amount credited to your choice of account within 3-5 working days.

Compare The Best Personal Loans: Citi Quick Cash

  • While the minimum loan amount is S$1000, this plan is not as attractive for borrowers seeking loan amounts smaller than S$20,000
  • The interest rates are also higher for existing Citibank customers,
  • However, it is not ideal for borrowers looking for longer term loans of more than 3 years

  • More details on Citi Quick Cash and Citibank Personal Loan Calculator here.

Other Fees: what else to look out for?

  • Processing Fee: 3.5%
  • Cancellation Fee: 3% of outstanding unbilled principal amount (or S$100, whichever is higher)

Promotions

  • Enjoy 0% p.a. interest rate with effective interest rates at 7.85% p.a. and a 3.5% processing fee for a 12 month loan
  • only available to new applicants of Citi Credit Cards or Citibank Ready Credit accounts

Eligibility: who can apply for Citibank Quick Cash?

  • minimum annual income of S$30,000 for Singaporeans and PRs
  • minimum annual income of S$42,000 for foreigners
  • Citi Quick Cash requires either a Citibank Ready Credit Account or Citi Credit Card

Contact Citibank:

Tel: +65 6225 5225