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.
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