• Interest Rate (p.a.)

    5.67% - 5.95%

  • Loan Tenure

    3 - 7 years

  • Approval Duration

    To be advised upon documents submission

  • Min. monthly income

    S$2,500

Promo

Consolidate all outstanding balances into one account with rates starting from 10.5% EIR p.a.

Start building healthy credit score by consolidating all unsecured credits and personal loans for a lower monthly repayments. Receive complimentary insurance coverage of up to S$160,000 & credit card with 1X monthly income limit too!

Loan calculator
Loan amount
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Loan tenure
year
Monthly salaryRM0
Interest Rate (p.a.)

0

Monthly Repayment

S$0

Total Interest PayableS$0
Total Amount PayableS$0
What's so great about Citi Debt Consolidation Plan?
  • Consolidate all unsecured credits facilities for lower monthly repayments
  • Flexible tenures of up to 7 years
  • Complimentary insurance protection with coverage of up to S$160,000
  • Credit card with limit of 1X your monthly income

Product Features

Min. financing amountAt least 12 times of monthly income
Max.financing amount To be advised by the bank
Min. loan tenure3 years
Max. loan tenure7 years
Interest rateEffective interest rate of 10.5% p.a.
Approval durationTo be advised upon documents submission
Debt consolidationYes

Fees & Charges

One time set up
Processing feeN/A
Penalties

Eligibility

Age requirementAge 21 - 65
Employment eligibilityFor Singaporeans and PRs only, salaried employees with annual income between S$30,000 and less than S$120,000 (or at least S$60,000 if you are not exisiting Citibank customer), with Net Personal Assets of less than S$2mil.
Min. salary requirementS$2,500 gross per month

Other Requirements

Need to open linked banked account?N/A
Other detailsHave a total interest-bearing outstanding balances on credit cards and/or unsecured credit facilities of at least 12 times your monthly salary

Product Review byiMoney

Citibank Debt Consolidation Plan - FAQ

How much can I borrow?

You can borrow a total amount that is equivalent to the total outstanding including interest and any other fees accruing to your credit accounts plus an additional 5% allowance above the total Debt Consolidation Plan amount.

Who can apply?

Applicant must be a Singaporean citizen or permanent resident

Salaried employee with annual income between S$30,000 and S$120,000 (existing Citibank customer), or at least S$60,000 (new Citibank customer); with Net Personal Assets of less than S$2 millions

Have total interest-bearing outstanding balances on unsecured credit facilities of at least 12X of monthly income

The catch?

Citibank Debt Consolidation Plan excludes credit facilities like renovation loan, education loan, medical loan, credit facility granted for business purposes and/or outstanding balances under joint accounts

How long will the application take and what documentations are required?

You will be redirected to Citibank's website to complete the application for Citibank Debt Consolidation Plan

You are required to furnish the following documents for your loan application:

  • Completed and signed application form
  • Photocopy of NRIC (both sides)
  • Latest copy of Credit Bureau Report
  • Latest Computerized Payslip; OR
  • CPF Contribution Statement for past 12 months (applicable to applicants with monthly income of S$6,000 or less); OR
  • Latest Income Tax Notice of Assessment (NOA)
  • Proof of outstanding balances (billed and unbilled) for all unsecured credit facilities such as statements and/or confirmation letter

Can you apply if you have a bad credit score in CBS/ FICO/ DP credit bureau?

Your personal loan application is likely to get rejected if you have a bad credit score. Late payments or missed payments are some of the major are some of the major contributors to a bad credit score. If you currently have an unsatisfactory credit score, take steps to rebuild it by clearing overdue payments. Make full and timely payments on your debts for 6 months before reapplying.


If you are looking for personal loans offered by other banks in the Singapore, you may also consider:

Standard Chartered CashOne
  • With Standard Chartered CashOne, you can easily enjoy a personal loan with an approved amount of up to 4X of applicant’s monthly income or S$200,000 with an interest rate starting from 6.88% up to 10.80% p.a. On top of that receive a Platinum Credit Card for those with annual income of S$30,000 and above.

  • Dash Advance Personal Loan
  • Dash Advance Personal Loan offers a personal loan with finance of up to 4X monthly income with an interest rate starting from 4.98% per annum. The loan tenure ranges from 1 up to 5 years with a required minimum monthly income of S$1,667. Get your cash as soon as possible with approval duration within 60 seconds.

  • You can also take a look at the full line-up of Quick Approval Personal Loans in Singapore listed on our website and choose which is the right one for you.