Are you in need of quick cash for an emergency or a sudden expense? Look no further than Citi Quick Cash in Singapore. With interest rates as low as 3.45% p.a. (EIR 6.5% p.a.), Citi Quick Cash is an excellent option for new Citi Credit Card or Citibank Ready Credit account holders.
Understanding Citi Quick Cash is simple. It is a personal loan facility that allows you to convert your available credit limit to a cash loan. Eligibility is based on your account type, and the verification process is straightforward. Applying for Citi Quick Cash is easy and can be done online in a matter of minutes.
Key Takeaways:
- Citi Quick Cash is an excellent option for new Citi Credit Card or Citibank Ready Credit account holders who need quick cash for emergencies or sudden expenses.
- Understanding Citi Quick Cash is simple, and the eligibility requirements are straightforward.
- Applying for Citi Quick Cash is easy and can be done online in just a few minutes.
Understanding Citi Quick Cash
What Is Citi Quick Cash?
Citi Quick Cash is a personal loan product offered by Citibank Singapore. It is a flexible cash loan that allows you to borrow money at a low-interest rate. With Citi Quick Cash, you can borrow up to 8 times your monthly income, subject to the bank’s approval. The loan tenure ranges from 1 to 5 years, and the interest rate starts from as low as 3.45% p.a. (EIR 6.50% p.a.).
Citi Quick Cash is available to both new and existing Citi Credit Card or Citibank Ready Credit account holders. You can apply for the loan online or at any of Citibank’s branches in Singapore. The loan application process is simple and straightforward, and you can get your loan approved within minutes.
Benefits of Citi Quick Cash
Citi Quick Cash offers several benefits to its customers. Firstly, the interest rate is one of the lowest in Singapore, starting from 3.45% p.a. (EIR 6.50% p.a.). Secondly, there are no processing fees involved, which means you can save money on upfront costs. Thirdly, the loan tenure is flexible, ranging from 1 to 5 years, giving you the option to choose a repayment period that suits your needs.
Moreover, Citi Quick Cash allows you to borrow up to 8 times your monthly income, subject to the bank’s approval. This means you can get access to a large sum of money when you need it the most. Additionally, the loan application process is quick and easy, and you can get your loan approved within minutes.
In conclusion, Citi Quick Cash is a great personal loan product offered by Citibank Singapore. It offers low-interest rates, flexible loan tenures, and no processing fees, making it an attractive option for those who need quick access to cash.
Eligibility and Application
Who Can Apply?
Citi Quick Cash is a flexible cash loan facility offered by Citibank Singapore. To be eligible for this loan, you must be a Singapore citizen, Permanent Resident (PR), or a foreigner with a valid work permit. You must also be at least 21 years old and have a minimum annual income of $30,000 if you are a salaried employee or $42,000 if you are self-employed.
To apply for Citi Quick Cash, you must have an existing Citi Credit Card or Citibank Ready Credit account. If you are a new customer, you can apply for these accounts and enjoy the benefits of Citi Quick Cash.
Application Process
The application process for Citi Quick Cash is simple and straightforward. You can apply online or through the Citibank mobile app. Before applying, make sure you have the following documents:
- NRIC or passport
- CPF statement or income tax notice of assessment
- Latest payslip or bank statement
Once you have these documents, follow these steps to apply for Citi Quick Cash:
- Log in to your Citibank account online or through the mobile app.
- Click on the “Citi Quick Cash” button.
- Choose the loan amount and repayment period that suits you.
- Fill in the required information and upload your documents.
- Review and submit your application.
After submitting your application, you will receive an approval decision within minutes. If your application is approved, the loan amount will be disbursed directly into your Citibank account.
Citi Quick Cash is a great option for those who need quick access to cash. With its low interest rates and easy application process, you can get the funds you need without any hassle.
Loan Features and Terms
If you’re looking for a quick and easy way to get cash in Singapore, the Citi Quick Cash loan might be just what you need. This loan is available to new Citi Credit Card or Citibank Ready Credit account holders, and it comes with some great features and terms that make it an attractive option for many people.
Credit Limit and Loan Tenure
One of the most appealing features of the Citi Quick Cash loan is that it allows you to borrow up to 90% of your unused credit limit from your Citi Credit Card or Citibank Ready Credit account. This means that you can get access to a significant amount of cash without having to go through a lengthy application process or provide collateral.
In terms of loan tenure, you can choose to repay your loan over a period of 1 to 5 years. This gives you the flexibility to choose a repayment schedule that works for your budget and financial goals.
Interest Rates and Fees
The interest rates for the Citi Quick Cash loan start from as low as 3.45% p.a. (EIR 6.5% p.a.), which is one of the lowest rates available in Singapore. This means that you can save money on interest charges and pay off your loan faster.
In addition, there are no processing fees for the Citi Quick Cash loan, which means that you won’t have to pay any upfront costs to get access to your funds. However, there may be cancellation fees if you decide to cancel your loan before the end of the loan tenure, so it’s important to read the terms and conditions carefully before you apply.
Promotions and Eligibility Criteria
Citi Bank often runs promotions for new customers, so keep an eye out for any special offers that may be available. To be eligible for the Citi Quick Cash loan, you must be a new Citi Credit Card or Citibank Ready Credit account holder, and you must meet the minimum annual income requirements.
Overall, the Citi Quick Cash loan is a great option if you need cash quickly and don’t want to go through a lengthy application process. With low interest rates, flexible loan tenures, and no processing fees, this loan is a great choice for many people in Singapore. Just be sure to read the terms and conditions carefully before you apply, and make sure that you can afford to repay the loan according to the agreed-upon schedule.
Repayment and Management
Repayment Options
When it comes to repaying your Citi Quick Cash loan, you have several options available to you. You can make repayments through your Citi Credit Card or Citibank Ready Credit Account, both of which offer flexible repayment terms to suit your monthly income and cashflow needs.
With Citi Quick Cash, you can choose to repay your loan over a period of up to 60 months, giving you plenty of time to manage your finances and ensure that your repayments are affordable. You can also make early repayments at any time without incurring any penalties, which means you can pay off your loan faster and save on interest charges.
Managing Your Loan
Managing your Citi Quick Cash loan is easy and convenient thanks to the range of tools and resources available to you. You can access your loan account online or through the Citi Mobile App, which allows you to check your balance, view your transaction history, and make repayments on the go.
You can also set up automatic repayments through your Citi Credit Card or Citibank Ready Credit Account, which makes it easy to stay on top of your repayments and avoid missing any payments. And if you ever need to change your repayment schedule or make any other changes to your loan account, you can do so quickly and easily by contacting the Citi customer service team.
Overall, Citi Quick Cash is a flexible and convenient way to access extra cash when you need it, and with a range of repayment options and management tools available, it’s easy to stay on top of your loan and manage your finances effectively.
Additional Benefits for Cardholders
As a Citi Credit Card holder, you can enjoy exclusive promotions and deals that are not available to non-cardholders. Here are some additional benefits that you can take advantage of:
Exclusive Promotions
Citi Credit Card holders are eligible for exclusive promotions that offer discounts, cashback, and other rewards. These promotions are available for a limited time only and can be accessed through the Citi Mobile App or the Citibank website. Some promotions are also available at select merchants.
For example, new-to-Citibank customers who apply for a Citi Cash Back+ Mastercard Credit Card can enjoy 8% cash back when they make a qualifying spend of $800 in the first 2 months, capped at first $4,000 qualifying spend. Terms and conditions apply.
Linking to Citi Credit Cards
By linking your Citi Credit Card to other services, you can enjoy even more benefits. For example, you can link your Citi Credit Card to your Grab account and enjoy discounts on Grab rides and food orders. You can also link your Citi Credit Card to your Netflix account and get cashback on your monthly subscription.
In addition, you can use your Citi Credit Card to earn rewards points when you shop at select merchants. These points can be redeemed for a variety of rewards, including cashback, air miles, and vouchers.
Overall, being a Citi Credit Card holder comes with a range of benefits that can help you save money and enjoy exclusive deals. Whether you’re a new-to-Citibank customer or an existing cardholder, there are plenty of promotions and rewards to take advantage of.
Frequently Asked Questions
How swiftly can I obtain funds through Citi Quick Cash?
Citi Quick Cash offers one of the fastest ways to obtain funds in Singapore. Once your loan application is approved, you can expect to receive the funds in your account within one working day.
What are the latest promotions available for Citi Quick Cash?
Citi Quick Cash offers competitive interest rates, with promotions that change from time to time. You can visit the Citibank Singapore website to check for the latest promotions and offers available.
How can I calculate the interest for my Citi Quick Cash loan?
The interest rate for your Citi Quick Cash loan will depend on several factors, including the amount you borrow and the repayment period. You can use the loan calculator available on the Citibank Singapore website to calculate the interest rate for your loan.
What’s the procedure for early repayment of a Citi Quick Cash loan?
If you wish to repay your Citi Quick Cash loan early, you can do so by contacting Citibank Singapore. You may be charged an early repayment fee, but this will depend on the terms and conditions of your loan agreement.
What are the interest rates for Citi Quick Cash?
The interest rates for Citi Quick Cash vary depending on the amount you borrow and the repayment period. You can visit the Citibank Singapore website to check the latest interest rates and promotions.
Is it possible to get instant cash from my Citibank credit card in Singapore?
Yes, you can get instant cash from your Citibank credit card in Singapore. You can visit the nearest Citibank branch to withdraw cash using your credit card. However, please note that this may be subject to certain terms and conditions, including interest rates and fees.