CARD DEBT CONSOLIDATION LOANS

Clear card debt in one go
Enjoy $888 in cash coupons

Clear card debt in one go Enjoy $888 in cash coupons

Clear card debt in one go
Enjoy $888 in cash coupons

Clear card debt in one go
Enjoy $888 in cash coupons

Clear card debt in one go Enjoy $888 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
  • Repayment termd up to 60 months
  • Loan amounta up to 21X your monthly salary
  • Welcome any income proof b
  • Repayment termd up to 60 months

Act Now

Act Now

Loan Application Hotline

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

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

Act Now

Loan Application Hotline

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

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

Welcome Offer
Citibank Personal Loans. Now with $888 in cash coupons
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 - Enjoy $888 in cash coupons
  • Citibank Personal Loans. Now with $888 in cash coupons
To borrow or not to borrow? Borrow only if you can repay!

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.
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.
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 0.16% 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.
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 0.33% 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.
j.
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 HK$888 Spring Offer ("Spring Offer")

  • The promotion period ("Promotion Period") of Spring Offer is from March 1, 2017 to April 30, 2017, both dates inclusive.
  • The HK$888 Supermarket Cash Coupon ("Cash Coupon") * is applicable to customers who successfully apply and draw down a Citibank Debt Consolidation / Speedy Cash ("Citibank Personal Loan") with a loan amount greater than or equal to HK$100,000 and a repayment term of 12 months or above during the Promotion Period ("Spring Offer Eligible Customers"). Only applicable to customers who do not hold any Citibank (Hong Kong) Limited (“Citibank”) Personal Loan account on the date of application. *Customers will receive a HK$12 bonus on top of the HK$888 Spring Reward because the value of the supermarket cash coupons totals HK$900.
  • A Cash Coupon redemption letter will be mailed to the Spring Offer Eligible Customer's correspondence address on or before August 31, 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.
  • Spring 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 Spring Offer Eligible Customer to participate in this promotion and the Spring Offer Eligible Customer shall immediately repay to Citibank the full amount of Spring Offer awarded under this promotion.
  • If Spring 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).
  • Spring Offer cannot be used in conjunction with any other promotional offers.
  • 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.