TAX SEASON LOAN

Citi Tax Season Loan
Annualized Percentage Rate as low as 0.99%

Citi Tax Season Loan Annualized Percentage Rate as low as 0.99%

Looking for a loan with low interest rates? Citi brings you a Tax Season Loan with an Annualized Percentage Rate as low as 0.99%a. Apply now to enjoy our ultra-low rates.

Annualized Percentage Rate as low as 0.99%
TAX SEASON LOAN PROMOTION
Repayment term up to
48 months
Loan amount up to
HK$2,000,000c
$0
handling fee

Citigold Private Client/ Citigold Client exclusive offer

Loan Amount Annualized Percentage Rate (APR) Monthly Flat Rate Monthly Interest Amount (for every HK$100,000 loan amount)
Enjoy up to HK$4,288 interest rebate
≥ HK$1,000,000 0.99%a 0.080% HK$80
Enjoy up to HK$1,588 in cash couponsb
HK$500,000 - < HK$1,000,000 2.46% 0.110% HK$110
HK$200,000 - < HK$500,000 2.80% 0.125% HK$125

Other client offer

Loan Amount Annualized Percentage Rate (APR) Monthly Flat Rate Monthly Interest Amount (for every HK$100,000 loan amount)
Enjoy up to HK$888 in cash couponsb
≥HK$ 1,000,000 1.78% 0.080% HK$80
HK$500,000 - < HK$1,000,000 2.46% 0.110% HK$110
HK$200,000 - < HK$500,000 2.80% 0.125% HK$125
  • The annualized percentage rate (“APR”) ranges from 0.99% to 42.50%, with repayment period of 6 to 60 months. The loan application is subject to the Bank’s approval.
  • For a loan amount of HKD200,000 with 12 months repayment period, the monthly flat rate is 0.2% (APR 4.49%), and the total loan repayment amount is HKD204,804 (including full handling fee waiver). The above example is for reference only.
HOW TO APPLY

To apply for a Tax Season Loan, you will need to fulfill the following requirements:

  • Hong Kong permanent resident aged 18 or above
  • In full-time employment with present employer for at least 3 months
  • Monthly salary of HK$6,000 or above.

Tax Season Loan Hotline: (852)2963 6413

Tax Season Loan Hotline: (852)2963 6413

  • Card Debt Consolidation Loan Clear card debt in one go
  • Citi Visa Credit Card – Pay Tax Early and Get up to HK$500 in Cash Coupons
To borrow or not to borrow? Borrow only if you can repay!

Remarks:Remarks:

a.
The Annualized Percentage Rate (“APR”) of 0.99% is only applicable to selected Citigold / Citigold Private Clients and is calculated based on the monthly flat rate 0.080% with loan amount of HK$1,000,000 and repayment tenor of 12 months, inclusive of HK$4,288 interest rebate (APR without interest rebate is 1.78%). 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.
b.
Citigold / Citigold Private Clients who successfully draw down a Tax Season Loan with a designated loan amount and repayment tenor of 12 to 48 months during the Promotion Period can enjoy HK$1,588 cash coupon reward ; other customers who successfully drawdown a tax season loan with a designated loan amount and repayment tenor of 12 to 48 months during the Promotion Period can enjoy HK$888 cash coupon reward.
c.
The loan amount is up to 12 times of monthly salary or HK$2,000,000, whichever is lower.
d.
Offers are only applicable to Citi Tax Season Loan with repayment tenor of 12 months or more.

Terms and Conditions:Terms and Conditions:

Citi Tax Season Loan Promotion (“Offer”) Terms and Conditions:

  • The promotion period ("Promotion Period") is from October 16, 2017 to December 31, 2017, both dates inclusive.
  • The Annualized Percentage Rate ("APR") of 0.99% is only applicable to selected Citigold / Citigold Private Clients / Citi ULTIMA Members and is calculated based on the monthly flat rate 0.080% with loan amount of HK$1,000,000 and repayment tenor of 12 months, inclusive of HK$4,288 interest rebate (APR without interest rebate is 1.78%). 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. For definition of Annualized Percentage Rate ("APR"), please refer to clause (7).
  • Customers who apply within the Promotion Period and successfully draw down a Citi Tax Season Loan on or before January 8, 2018 with a designated loan amount and loan tenor of 12 to 48 months during the Promotion Period (“Eligible Customer”) are eligible to cash coupon reward/ interest rebate (“Rewards”) as specified in the tables of clause (6).
  • Customers who currently hold any Citibank Personal Loan account with Citibank (Hong Kong) Limited ("Citibank") at the time of application are not eligible to the Rewards.
  • The loan amount is up to 12 times of monthly salary or HK$2,000,000, whichever is lower.
  • The examples in the table below are for reference only. APR is rounded up to the nearest two decimal places, subject to a 12-month loan tenor and a loan amount of HK$1,000,000, HK$500,000, HK$200,000 and HK$100,000. Interest is calculated on the basis of 365 days per year. The actual monthly flat rate and APR may differ and are subject to the actual loan amount and credit assessment result of individual customer. For the definition of Annualized Percentage Rate ("APR"), please refer to clause (7).
  • Example for Citi gold Private Clients / Citigold Clients / Citi ULTIMA Members

    Loan Amount Monthly Flat Rate APR Monthly Interest Amount (for every HK$100,000 Loan Amount) Rewards
    HK$ 1,000,000 0.080% 0.99% (include interest rebate) HK$80 HK$4,288 interest rebate
    HK$500,000 0.110% 2.46% (exclude cash coupons) HK$110 HK$1,588 in cash coupons*
    HK$200,000 0.125% 2.80% (exclude cash coupons) HK$125
    HK$100,000 0.160% 3.60% HK$160 N/A

    Example for other customers

    Loan Amount Monthly Flat Rate APR Monthly Interest Amount (for every HK$100,000 Loan Amount) Rewards
    HK$ 1,000,000 0.080% 1.78% (exclude cash coupons) HK$80 HK$888 in cash coupons*
    HK$500,000 0.110% 2.46% (exclude cash coupons) HK$110
    HK$200,000 0.125% 2.80% (exclude cash coupons) HK$125
    HK$100,000 0.160% 3.60% HK$160 N/A
    *The value of the cash coupons totals HK$900 or HK$1,600 respectively.

  • 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.
  • The full amount of interest rebate (if applicable) will be credited to each Eligible Customer’s Citibank Personal Loan account on or before April 30, 2018 without further notice. The interest rebate can only be used to offset the monthly instalment and is not transferable and cannot be converted to cash or withdrawn from Citibank Personal Loan account.
  • A cash coupons redemption letter (if applicable) will be mailed to the Eligible Customer’s correspondence address according to bank’s record on or before April 30, 2018.
  • Cash coupon reward is subject to availability. Citibank reserves the right to offer an alternative gift or benefit in substitution of the cash coupon reward without prior notice. Cash coupon rewardcannot be converted to cash and are not replaceable in the event of any loss or damage. The use of the cash coupon rewards is bounded by the relevant terms and conditions printed therein and Citibank accepts no liability in respect of the quality of the products and services provided by the supplier involved in this promotion. The respective suppliers are responsible for all obligations and liabilities in relation to such products or services.
  • Each Eligible Customer can enjoy the Rewards once during the Promotion Period.
  • Citibank Personal Loan account of Eligible Customers must be valid and in good condition without any late payment or early repayment, otherwise Citibank reserves the right to forfeit the eligibility of an Eligible Customer to participate in this promotion and the Eligible Customer shall immediately repay to Citibank the full amount of Rewards under this promotion.
  • If Eligible Customers have made early settlement of /cancelled Citi Tax Season Loan accounts after the Rewards are awarded, Citibank reserves the right to charge:
    • the full amount of the interest rebate (if applicable); AND
    • the full amount equivalent to the cash coupon rewards (if applicable); AND
    • the early repayment fee for the Citi Tax Season Loan (which is based on a rate on the entire principal amount as set out in the Drawdown Letter)
  • The Offer cannot be used in conjunction with any other promotional offers.
  • Citi Tax Season Loan is the product of Citibank Personal Loan and is subject to the "Terms and Conditions for Citibank Personal Loan".
  • Citibank reserves the right to amend these terms and conditions at any time without prior notice.
  • In case of dispute, the decision of Citibank shall be final and conclusive.
  • In the event of discrepancy or inconsistency between this English version of the terms and conditions and the Chinese version, the English version shall prevail.