CARD DEBT CONSOLIDATION LOANS

Clear card debt in one go
Plus, exclusive online offer of HK$500 in Cash Coupons!

Clear card debt in one go Plus, exclusive online offer of HK$500 in Cash Coupons!

Clear card debt in one go
Plus, exclusive online offer of HK$500 in Cash Coupons!

Clear card debt in one go
Plus, exclusive online offer of HK$500 in Cash Coupons!

Clear card debt in one go Plus, exclusive online offer of HK$500 in Cash Coupons!

With a Citibank Card Debt Consolidation Loan, you can consolidate your card debts into a lower interest loan making repayment easier.

Top reasons to get a Card Debt Consolidation Loan

  • Loan amounta up to 21X your monthly salary
  • Welcome any income proof b
  • 30 minutes from application to drawdownc
  • Repayment termd up to 60 months
  • Loan amounta up to 21X your monthly salary
  • Welcome any income proof b
  • 30 minutes from application to drawdownc
  • Repayment termd up to 60 months

Act Now

Act Now

Apply by phone

(852) 2963 6477e(852) 2963 6477e

1 minute approval for a personalized loan amount & interest ratef
(Only applicable to HKID Cardholders)

Act Now

Apply by phone

(852) 2963 6477e(852) 2963 6477e

1 minute approval for a personalized loan amount & interest ratef
(Only applicable to HKID Cardholders)

Welcome Offer
Exclusive online offer of HK$500 in Cash Couponsg
How It Works

Repayment example for HKS1OO,OOO(h) Card Debt Consolidation

Loan Usage Examples

Example 1 : Assume HK$250,000i debts from shopping.

Even if you like to shop till you drop, don't let your credit card payment habits snowball into huge debts.

Consolidate all your credit card debts into one personal loans with a simple and convenient application process. Your monthly repayment is halved, leaving you with more spare cash.

Repayment example for HK$250,000 Card Debt Consolidation

Card Debts Transfer to Citibank Card Debt Consolidation Loan
Monthly Repayment HK$8,771 HK$4,795(45%)
Total Interest Expense HK$426,003 HK$37,700(91%)
Repayment Term 392 months 60 months(332 months)

Example 2: Assume HK$50,000j debts from travel spending

It's all too easy to get away to unwind your pressure from work and life. But what to do when you come home with a mountain of debt due to overspending with your credit cards during holiday?

Ease your credit card debts and set your repayments on a fixed schedule. With monthly personal loans repayments lower than your minimum credit card payments.

Repayment example for HK$50,000 Card Debt Consolidation

Card Debts Transfer to Citibank Card Debt Consolidation Loan
Monthly Repayment HK$1,755 HK$1,049(40%)
Total Interest Expense HK$84,123 HK$12,940(84%)
Repayment Term 286 months 60 months(226 months)
How to Apply

To apply for a Card Debt Consolidation 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
  • Maximum annualized percentage rate is 47.73% with a flexible repayment period of 6 to 60 months, and handling fee 1% of the loan amount per annum.T&C apply.
  • Example: Customer B borrows a 12-month loan of HKD500,000 at a monthly flat rate of 0.55% (APR14.78%), with handling fee 1% of the loan amount per annum. Total loan repayment amount: HKD538,332
  • Speedy Cash Exclusive online offer for HK$500 Cash Coupons!
  • Citibank Tax Season Loan Annualized Percentage Rate as low as 1.59%

Remarks:Remarks:

a.
Loan amount of "Debt Consolidation" is up to 21 times of your monthly salary or HK$800,000, whichever is lower.
b.
Citibank (Hong Kong) Limited ("Citibank") reserves the right to accept the relevant proof.
c.
Customers are required to apply for the loan online, through the application hotline or in person at a branch, and then submit all required documents to the designated branch after obtaining preliminary approval. Generally, applications will be assessed and, if approved, the loan will be available for drawdown by customers at the branch within 30 minutes from the moment that the branch confirms receipt of all the required documents, subject to the actual situation from time to time.
d.
Repayment period of "Debt Consolidation" is of 6 to 60 months.
e.
Application hotline service hours: Monday to Friday 9:00am - 7:00pm.
f.
Instant approval result is applicable to selected applications via our website during 8am to 1am on Monday to Friday, 9am to 1am on Saturday and noon to 1am on Sunday & Public Holidays. Citibank reserves the right of final approval decision.
g.
HK$500 Supermarket Cash Coupon ("Cash Coupon") is applicable to customers who successfully submit the Citibank Loan Services Online Application Form and drawdown a Citibank Debt Consolidation / Speedy Cash ("Citibank Personal Loan") with loan amount greater than or equal to HK$70,000 and repayment term 12 months or above during the Promotion Period ("Online Offer Eligible Customers"). Only applicable to customers who currently do not hold any Personal Loan account offered by Citibank (Hong Kong) Limited (“Citibank”).
h.
The credit card example shown assumes that a minimum payment is made on a monthly basis (minimum payment being defined as [Statement Balance x 1.5% + Finance Charge], subject to a minimum of HK$50), the monthly interest rate is 2.5%, the Annualized Percentage Rate ("APR") is 34.49% and the monthly repayment is the average of the first 6-month minimum payment rounded up to nearest dollar. For a definition of APR, please refer to clause (l). It also assumes that the monthly flat rate for a Citibank Card Debt Consolidation Loan is 0.20% and the APR is 6.77% (including 1% p.a. handling fee), based on a 60-month repayment term. Interest is calculated on the basis of 365 days per year. The above example is an illustration and for reference only. The actual reduction of monthly repayment and total interest is subject to the Terms and Conditions of the customer's current credit card and/or personal loan and final approval of the loan amount and interest rate.
i.
The credit card example shown assumes that a minimum payment is made on a monthly basis (minimum payment being defined as [Statement Balance x 1.5% + Finance Charge], subject to a minimum of HK$50), the monthly interest rate is 2.5%, the Annualized Percentage Rate ("APR") is 34.49% and the monthly repayment is the average of the first 6-month minimum payment rounded up to nearest dollar. For a definition of APR, please refer to clause (l). It also assumes that the monthly flat rate for a Citibank Card Debt Consolidation Loan is 0.16% and the APR is 5.82% (including 1% p.a. handling fee), based on a 60-month repayment term. Interest is calculated on the basis of 365 days per year. The above example is an illustration and for reference only. The actual reduction of monthly repayment and total interest is subject to the Terms and Conditions of the customer's current credit card and/or personal loan and final approval of the loan amount and interest rate.
j.
The credit card example shown assumes that a minimum payment is made on a monthly basis (minimum payment being defined as [Statement Balance x 1.5% + Finance Charge], subject to a minimum of HK$50), the monthly interest rate is 2.5%, the Annualized Percentage Rate ("APR") is 34.49% and the monthly repayment is the average of the first 6-month minimum payment rounded up to nearest dollar. For a definition of APR, please refer to clause (l). It also assumes that the monthly flat rate for a Citibank Card Debt Consolidation Loan is 0.33% and the APR is 9.88% (including 1% p.a. handling fee), based on a 60-month repayment term. Interest is calculated on the basis of 365 days per year. The above example is an illustration and for reference only. The actual reduction of monthly repayment and total interest is subject to the Terms and Conditions of the customer's current credit card and/or personal loan and final approval of the loan amount and interest rate.
k.
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.

Terms and Conditions:Terms and Conditions:

Terms and Conditions of Online Welcome Offer ("Online Offer")

  • The promotion period ("Promotion Period") of Online Offer is from October 1, 2016 to February 28, 2017, both dates inclusive.
  • HK$500 Supermarket Cash Coupon ("Cash Coupon") is applicable to customers who successfully submit the Citibank Loan Services Online Application Form and drawdown a Citibank Debt Consolidation / Speedy Cash ("Citibank Personal Loan") with loan amount greater than or equal to HK$70,000 and repayment term 12 months or above during the Promotion Period ("Online Offer Eligible Customers"). Only applicable to customers who currently do not hold any Personal Loan account offered by Citibank (Hong Kong) Limited (“Citibank”).
  • A Cash Coupon redemption letter will be mailed to the Online Offer Eligible Customer's correspondence address on or before April 30, 2017.
  • The cash coupons are available while stock lasts. Citibank reserves the right to replace the cash coupons with alternative gift without prior notice. The cash coupons offered cannot be converted to cash and are not replaceable in the event of any loss or damage. Citibank accepts no liability in respect of the quality of the products or services provided by the cash coupons supplier involved in this promotion. Cash coupons are subject to relevant terms and conditions printed therein. The respective suppliers are responsible for all obligations and liabilities in relation to such products or services.
  • Online Offer Eligible Customers' Citibank Personal Loan accounts must be valid and in good condition without late payment or early payment, otherwise Citibank reserves the right to forfeit the eligibility of an Online Offer Eligible Customer to participate in this promotion and the Online Offer Eligible Customer shall immediately repay to Citibank the full amount of Online Offer awarded under this promotion.
  • If Online Offer Eligible Customer are found to have made early settlement of/ cancel Citibank Personal Loan, Citibank reserves the right to debit:
    • the full amount of the Cash Coupon; AND
    • an early repayment fee for his/ her Personal Loan (which is based on a rate on the entire principal amount of the Personal Loan as set out in the drawdown letter).
  • Citibank reserves the right to amend these Terms and Conditions at any time without prior notice.
  • In case of disputes, 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.