{"id":17957,"date":"2021-10-06T03:50:00","date_gmt":"2021-10-06T03:50:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/10\/06\/citibank-announces-2021-citi-tax-season-loan-annualized-percentage-rate-as-low-as-1-38\/"},"modified":"2021-10-06T03:50:00","modified_gmt":"2021-10-06T03:50:00","slug":"citibank-announces-2021-citi-tax-season-loan-annualized-percentage-rate-as-low-as-1-38","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/10\/06\/citibank-announces-2021-citi-tax-season-loan-annualized-percentage-rate-as-low-as-1-38\/","title":{"rendered":"Citibank Announces 2021 Citi Tax Season Loan Annualized Percentage Rate as low as 1.38%"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>HONG KONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 6 October 2021 &#8211;<b>\u00a0<\/b>Citibank announces the&#13;<br \/>\nlaunch of 2021 Citi Tax Season Loan, available for same day approval and same day loan&#13;<br \/>\ndisbursement<sup>1<\/sup>. Selected customers can enjoy Annualized Percentage&#13;<br \/>\nRate (&#8220;APR&#8221;) as low as 1.38%<sup>2<\/sup>. Upon successful application of 2021&#13;<br \/>\nCiti Tax Season Loan during promotion period, customers can enjoy up to&#13;<br \/>\nHK$4,000 cash coupon reward<sup>3<\/sup>.<\/p>\n<p class=\"Default\"><b>Features of Citi Tax Season Loan<\/b><b>\uff1a<\/b><\/p>\n<ul>\n<li>Same&#13;<br \/>\nday approval and same day loan disbursement<sup>1<\/sup><\/li>\n<li>APR&#13;<br \/>\nas low as 1.38%<sup>2<\/sup><\/li>\n<li>Loan&#13;<br \/>\namount up to HK$2,000,000 or 12 times of monthly salary, whichever is lower<\/li>\n<li>Repayment&#13;<br \/>\nterm up to 60 months<sup>4<\/sup><\/li>\n<li>Enjoy&#13;<br \/>\nup to HK4,000 cash coupon reward<\/li>\n<li>HK$0&#13;<br \/>\nhandling fee<\/li>\n<\/ul>\n<p>Selected customers who successfully apply for&#13;<br \/>\nthe Citi Tax Season Loan from today to December 31, 2021 and draw down a&#13;<br \/>\nspecific loan amount with a repayment term of 12 months or above on or before January&#13;<br \/>\n14, 2022 can enjoy up to HK$4,000 cash coupon reward<sup>3<\/sup>. The higher&#13;<br \/>\nthe loan amount, the more cash coupon rewards there will be. Please refer to the&#13;<br \/>\ntable below for details:<\/p>\n<p><b>\u00a0<\/b><\/p>\n<div align=\"center\">\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td rowspan=\"2\">&#13; <\/p>\n<p><b>Loan&#13;<br \/>\n  Amount (HK$)<\/b><\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td rowspan=\"2\">&#13; <\/p>\n<p align=\"center\"><b>Repayment Term<\/b><\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td colspan=\"3\">&#13; <\/p>\n<p align=\"center\"><b>Cash Coupon Reward (HK$)<\/b><\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td valign=\"top\">&#13; <\/p>\n<p align=\"center\">Citigold Private&#13;<br \/>\n  Client (CPC)\/ Citigold \/ Citi ULTIMA cardholders<sup>5<\/sup><\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td valign=\"top\">&#13; <\/p>\n<p align=\"center\">Citi Priority&#13;<br \/>\n  Customers<sup>5<\/sup><\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td valign=\"top\">&#13; <\/p>\n<p align=\"center\">Other customers<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td rowspan=\"2\">&#13; <\/p>\n<p align=\"center\">$1,000,000<\/p>\n<p>&#13; <\/p>\n<p align=\"center\">or above<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">More than 24 months <\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$4,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$3,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$2,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td>&#13; <\/p>\n<p align=\"center\">12 to 24 months <\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$2,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,500<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td rowspan=\"2\">&#13; <\/p>\n<p align=\"center\">$500,000 <\/p>\n<p>&#13; <\/p>\n<p align=\"center\">to $999,999<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">More than 24 months <\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$3,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$2,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,500<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td>&#13; <\/p>\n<p align=\"center\">12 to 24 months<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,500<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$800<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td rowspan=\"2\">&#13; <\/p>\n<p align=\"center\">$200,000 <\/p>\n<p>&#13; <\/p>\n<p align=\"center\">to $499,999<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">More than 24 months <\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$2,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,500<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$800<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<tr>\n<td>&#13; <\/p>\n<p align=\"center\">12 to 24 months<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$1,000<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$800<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13; <\/p>\n<td>&#13; <\/p>\n<p align=\"center\">$500<\/p>\n<p>&#13;\n  <\/td>\n<p>&#13;<br \/>\n <\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u00a0<\/p>\n<div>\n<p>Terms and conditions apply. Please&#13;<br \/>\nvisit <a href=\"http:\/\/www.citibank.com.hk\/taxloan\">www.citibank.com.hk\/taxloan<\/a>, Citi Mobile<sup>\u00ae<\/sup> App, Citibank&#13;<br \/>\nbranches or call 2963 6413 to apply.<\/p>\n<p>\u00a0<\/p>\n<p>To borrow or not to borrow? Borrow only if you&#13;<br \/>\ncan repay!<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<p>1.\u00a0\u00a0\u00a0\u00a0&#13;<br \/>\nSame&#13;<br \/>\nday approval and same day loan disbursement is only applicable to selected&#13;<br \/>\ncustomers who successfully submit the required documents together with a filled&#13;<br \/>\nin application form before 10am of that working day (Monday to Friday). Actual&#13;<br \/>\napproval and loan disbursement time may differ based on the information&#13;<br \/>\nprovided.<\/p>\n<p>2.\u00a0\u00a0\u00a0\u00a0&#13;<br \/>\nThe&#13;<br \/>\nAnnualized Percentage Rate (&#8220;APR&#8221;) of as low as 1.38% is calculated&#13;<br \/>\nbased on the monthly flat rate 0.062% with loan amount of HK$1,500,000 and&#13;<br \/>\nrepayment tenor of 12 months. APR is calculated based on the guidelines as set&#13;<br \/>\nout in the Code of Banking Practice and rounded up to the nearest two decimal&#13;<br \/>\nplaces. Interest is calculated on the basis of 365 days per year. The actual&#13;<br \/>\nAPR applicable may differ, which is to be considered on a case-by-case basis in&#13;<br \/>\naccordance with customer&#8217;s profile. An APR is a reference rate which includes the&#13;<br \/>\nbasic interest rate and other fees and charges of a product expressed as an&#13;<br \/>\nannualized rate.<\/p>\n<p>3.\u00a0\u00a0\u00a0\u00a0&#13;<br \/>\nOnly&#13;<br \/>\napplicable to customers who do not hold any Personal Loan account offered by&#13;<br \/>\nCitibank (Hong Kong) Limited at the time of application.<\/p>\n<p>4.\u00a0\u00a0\u00a0\u00a0&#13;<br \/>\nCiti&#13;<br \/>\nTax Season Loan&#8217;s repayment term is from 6 to 60 months. <\/p>\n<p>5.\u00a0\u00a0\u00a0\u00a0&#13;<br \/>\nThe&#13;<br \/>\nOffer for Citigold Private Client\/ Citigold Client \/ Citi Priority Client or&#13;<br \/>\nCiti ULTIMA cardholder is only applicable to the applicant who fulfill the&#13;<br \/>\nfollowing requirement from the date of application to the issue date of&#13;<br \/>\nredemption letter (both dates inclusive):<\/p>\n<p>&#8211; Citigold Private Client should maintain the&#13;<br \/>\naccount balance at HK$8,000,000 or above, Citigold Client should maintain the&#13;<br \/>\naccount balance at HK$1,500,000 or above, Citi Priority Client should maintain&#13;<br \/>\nthe account balance at HK$500,000 or above and Citi ULTIMA cardholder needs to&#13;<br \/>\nhold the Citi ULTIMA card.<\/p>\n<p>#Citibank<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-10-06\/97784\/citibank-announces-2021-citi-tax-season-loan-annualized-percentage-rate-as-low-as-1-38\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211;\u00a0Media OutReach\u00a0&#8211; 6 October 2021 &#8211;\u00a0Citibank announces the&#13; launch of 2021 Citi Tax Season Loan, available for same day approval and same day loan&#13; disbursement1. Selected customers can enjoy Annualized Percentage&#13; Rate (&#8220;APR&#8221;) as low as 1.38%2. Upon successful application of 2021&#13; Citi Tax Season Loan during promotion period, customers can enjoy &hellip;<\/p>\n","protected":false},"author":1,"featured_media":17958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17957"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17957"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/17958"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}