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Personal Loans/Citi Quick Cash
Personal Loans/Citi Quick Cash
5.0
1 reviews
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Summary

Product Page Transparency

  • Pays to access additional features

Citi Quick Cash Review 2021

  • 0% 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

...see more

Plans (5)

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

    6.50%

    EFFECTIVE INTEREST RATE

    3.56%

    FLAT INTEREST RATE

    $0

    PROCESSING FEE

  • Citi Quick Cash (2 Year Tenure)

    6.50%

    EFFECTIVE INTEREST RATE

    3.46%

    FLAT INTEREST RATE

    $0

    PROCESSING FEE

  • Citi Quick Cash (3 Year Tenure)

    6.50%

    EFFECTIVE INTEREST RATE

    3.45%

    FLAT INTEREST RATE

    $0

    PROCESSING FEE

  • Citi Quick Cash (4 Year Tenure)

    6.50%

    EFFECTIVE INTEREST RATE

    3.46%

    FLAT INTEREST RATE

    $0

    PROCESSING FEE

  • Citi Quick Cash (5 Year Tenure)

    6.50%

    EFFECTIVE INTEREST RATE

    3.48%

    FLAT INTEREST RATE

    $0

    PROCESSING FEE

Citi Quick Cash (1 Year Tenure)

6.50%

EFFECTIVE INTEREST RATE

3.56%

FLAT INTEREST RATE

$0

PROCESSING FEE

Reviews (1)

5.0

1 Reviews

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      Posted 18 Mar 2022

      Purchased

      Citi Quick Cash (1 Year Tenure)

      [Application Process] Applied via Moneysmart. The application was fast due to me using Singpass Myinfo. Communication was via email, the customer care at Citibank required some additional information. Keep your NOA (notice of assessment), Salary slip and Address proof (mobile connection doesnt work, bank statements preferred) ready. [Cash Disimbursement] The cash came to my DBS account within 5 working days. Citibank submits a cheque to your account that is credited within 24 hours. The statement is sent via email that shows how the repayment plan is structured. [Customer Service] Do not pick calls. However do reply to emails. [Useful For] Fast cash for crunch situations. Low interest rates depending on credit history. Loan can be upto 3X times monthly salary. [Repayment Process] Via phone app, website, cheque/cash at bank branch. Additional charges on cash transactions. [Hidden Terms] Moneysmart rewards have not been processed at 2 months. Usually no rewards if loan less than 10,000$. Citibank may give additional limit and try to hardsell the additional loan amount to you. Just politely refuse and request them to not call again.

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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

      3.56%

      6.50%

      0%

      2

      3.46%

      6.50%

      0%

      3

      3.45%

      6.50%

      0%

      4

      3.46%

      6.50%

      0%

      5

      3.48%

      6.50%

      0%

      For new Citi customers

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

      • One of the lowest nominal interest rates for personal loans at 0% p.a.
      • Effective Interest Rate (EIR) 6.50% p.a. for that 1 year for new applicants
      • 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
      • 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

      Other Fees: what else to look out for?

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

      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

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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