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HONG KONG SAR – Media OutReach – 6 October 2021 – Citibank announces the
launch of 2021 Citi Tax Season Loan, available for same day approval and same day loan
disbursement1. Selected customers can enjoy Annualized Percentage
Rate (“APR”) as low as 1.38%2. Upon successful application of 2021
Citi Tax Season Loan during promotion period, customers can enjoy up to
HK$4,000 cash coupon reward3.
Features of Citi Tax Season Loan：
- Same
day approval and same day loan disbursement1 - APR
as low as 1.38%2 - Loan
amount up to HK$2,000,000 or 12 times of monthly salary, whichever is lower - Repayment
term up to 60 months4 - Enjoy
up to HK4,000 cash coupon reward - HK$0
handling fee
Selected customers who successfully apply for
the Citi Tax Season Loan from today to December 31, 2021 and draw down a
specific loan amount with a repayment term of 12 months or above on or before January
14, 2022 can enjoy up to HK$4,000 cash coupon reward3. The higher
the loan amount, the more cash coupon rewards there will be. Please refer to the
table below for details:
|
Loan
|
Repayment Term
|
Cash Coupon Reward (HK$)
|
||
|
Citigold Private
|
Citi Priority
|
Other customers
|
||
|
$1,000,000
or above
|
More than 24 months
|
$4,000
|
$3,000
|
$2,000
|
|
12 to 24 months
|
$2,000
|
$1,500
|
$1,000
|
|
|
$500,000
to $999,999
|
More than 24 months
|
$3,000
|
$2,000
|
$1,500
|
|
12 to 24 months
|
$1,500
|
$1,000
|
$800
|
|
|
$200,000
to $499,999
|
More than 24 months
|
$2,000
|
$1,500
|
$800
|
|
12 to 24 months
|
$1,000
|
$800
|
$500
|
|
Terms and conditions apply. Please
visit www.citibank.com.hk/taxloan, Citi Mobile® App, Citibank
branches or call 2963 6413 to apply.
To borrow or not to borrow? Borrow only if you
can repay!
1.
Same
day approval and same day loan disbursement is only applicable to selected
customers who successfully submit the required documents together with a filled
in application form before 10am of that working day (Monday to Friday). Actual
approval and loan disbursement time may differ based on the information
provided.
2.
The
Annualized Percentage Rate (“APR”) of as low as 1.38% is calculated
based on the monthly flat rate 0.062% with loan amount of HK$1,500,000 and
repayment tenor of 12 months. APR is calculated based on the guidelines as set
out in the Code of Banking Practice and rounded up to the nearest two decimal
places. Interest is calculated on the basis of 365 days per year. The actual
APR applicable may differ, which is to be considered on a case-by-case basis in
accordance with customer’s profile. An APR is a reference rate which includes the
basic interest rate and other fees and charges of a product expressed as an
annualized rate.
3.
Only
applicable to customers who do not hold any Personal Loan account offered by
Citibank (Hong Kong) Limited at the time of application.
4.
Citi
Tax Season Loan’s repayment term is from 6 to 60 months.
5.
The
Offer for Citigold Private Client/ Citigold Client / Citi Priority Client or
Citi ULTIMA cardholder is only applicable to the applicant who fulfill the
following requirement from the date of application to the issue date of
redemption letter (both dates inclusive):
– Citigold Private Client should maintain the
account balance at HK$8,000,000 or above, Citigold Client should maintain the
account balance at HK$1,500,000 or above, Citi Priority Client should maintain
the account balance at HK$500,000 or above and Citi ULTIMA cardholder needs to
hold the Citi ULTIMA card.
#Citibank
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