- Interest Rate (p.a.)
20.95% - 20.95%
- Loan Tenure
1 - 5 years
- Approval Duration
Up to 7 business days
- Min. monthly income
Welcome Offer: Get up to $150 NTUC FairPrice Vouchers!
All you need to do is apply and transact $500 with Citibank Ready Credit. Get additonal $100 NTUC FairPrice Vouchers + promotional rate of 4.55% p.a (EIR 8.50% p.a) when you apply for a min. of $5,000 loan with Citibank Ready Credit PaylLite.
What's so great about Citibank Ready Credit?
- Low interest rate from 1.7505 pe rmonth
- Credit Line with limit up to 4x of your monthly income
- Cash Rebate of 1% for all online, retail and contactless purchases
- Withdraw your money conveniently at over 1.4 million ATMs locally and overseas
|Min. financing amount||S$1,000|
|Max.financing amount|| Up to 4x monthly income|
|Min. loan tenure||1|
|Max. loan tenure||5|
|Interest rate||20.95% p.a|
|Approval duration||Up to 7 business days|
Fees & Charges
|One time set up|
|Late payment charges||$100|
|Other penalties||Overlimit fee - $40, Returned Cheques - $30|
|Age requirement||Age 21 - 65|
|Employment eligibility||For Singaporeans and PRs, minimum annual income of S$30,000 and for foreigners, minimum annual income of S$42,000|
|Min. salary requirement||S$2,500 gross per month|
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Citibank Ready Credit - FAQ
What is the maximum amount you can borrow?
Borrowable amount of up to 4X fixed monthly income.
Applicant must be above the age of 21 to qualify
Applicant must be a Singaporean citizen or permanent resident working and residing in Singapore with a minimum annual income of S$30,000
For foreigners, minimum annual income required is S$42,000
How long will the application take and what documentations are required?
Upon completing an application with iMoney, you may expect a call from the respected bank within the same business day to confirm your application.
Thereafter, Citibank will require an average of seven business days (not including Saturday, Sunday, and public holidays) before approval or disbursement.
You are required to furnish the following documents for your loan application:
a) Employee of non-MNC or private limited company:
- Photocopy of NRIC (both sides)
- Proof of Income:
- Latest Computerized Payslip OR
- CPF Contribution Statement for past 12 months OR
- Latest Income Tax Notice of Assessment (NOA)
b) Salaried Employee:
c) Self-employed applicants:
- Photocopy of NRIC (both sides)
- Proof of Income
- Income Tax Notices of Assessment (NOA) for past 2 years
- Bank Statements for the last 3 months
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
Dash Advance Personal Loan
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.