Citibank is not a new name in the world as far as banking is concerned. Citibank definitely has a huge name for itself globally as it caters its financial services to more or less 200 million clients all around the world. Citibank currently operates in more than 160 countries and just to add on, this bank has also won numerous prestigious awards for its very unique services which is provided for not only local but also for global levels as well. The personal loan which is offered by Citibank is very straightforward without any processing fees and it comes with a standard flat interest rate too. What makes this even better is the fact that the approval to get this loan is lightning fast.
Do you qualify for a Citibank personal loan?
To qualify for the personal loan, you would have to meet the age requirement that has been set by Citibank whereby you need to be at least 21 years old and above and you also cannot be more than 60 years of age. An important criteria for you is that you have to be employed or self-employed with a minimum monthly salary of at least RM 4,000.
Just how much can you really borrow?
Citibank actually offers a much higher amount for personal loans if you were to compare it to what other local banks are offering. You are able to borrow anything between RM 5,000 and RM 150,000 depending on how much you need. Based on the outcome of your credit check, another privilege which you are entitled to is, you can qualify for a loan of up to 8x your monthly salary. However, please take not that you are only entitled for this if you have a minimum monthly earning of RM 5,000 or an annual earning of RM 60,000.
How do I improve my chances on a personal loan with Citibank?
Here are a couple of ways which you can use to increase your chances on getting that personal loan which you wanted from Citibank. The first thing you need to do is to pay off all your credit card bills. Clear any outstanding debt which you may have. The next thing that would reduce your burden and make it easier for you to qualify would be to choose a longer tenure which could be a 5 year tenure. This will reduce your monthly re-payment to the bank and increase your chances on qualifying for this personal loan.
Let’s move on to the best thing about the personal loan that is offered by Citibank. Nowadays, you would be considered lucky if you were to get a loan with an interest rate of 9% but with the Citibank personal loan, you are only charged on an interest rate of 7.5% which is not something you would get from any bank around unless you applying for a loan as a civil servant. Keep in mind that you don’t have to go running around for and neither would you have to pledge a collateral for Citibank’s personal loan.
If you were to take a close and understand what is being offered here, you would not have to worry whether it’s a medical emergency, a beautiful home library you intend to build or even simply the need for sudden cash flow, Citibank offers you one of the best personal loans with interest rates which are as low as what civil servants are offered, you can be assures that this is the loan which you have been looking for. Forget all about additional charges for your processing fee as is isn’t any and just sit back and enjoy the lightning fast disbursement which allows you to receive the money whenever you need it.