CARD DEBT CONSOLIDATION LOANS

Card Debt Consolidation Loan
Enjoy up to 28% off on total interest payment + HK$2,000 in cash coupon for successful online application

Enjoy up to 28% off on total interest payment + HK$2,000 in cash coupon for successful online application

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

28% off on total interest payment 28% off on total interest payment
+
Loan Promotion
Repayment term
up to 72 months
Loan amount up to
21X Monthly Salary or
HK$1,200,000
$0
handling fee
How It Works

Repayment example for HKS300,000(f) Card Debt Consolidation

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

Loan Application Hotline: (852)2963 6428d

Loan Application Hotline:
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  • Personal Loans
  • Speedy Cash – HK$2,000 online exclusive offer
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$1,200,000, whichever is lower.
b.
Citibank (Hong Kong) Limited ("Citibank") reserves the right to accept the relevant proof.
c.
Repayment period of "Debt Consolidation" is of 6 to 72 months.
d.
Application hotline service hours: Monday to Friday 9:00am - 7:00pm.
e.
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.
f.
The Card Debts example shown assumes that a minimum payment is made on a monthly basis (minimum payment being defined as [(Statement Balance – Finance Charge and Other Fees & Charges)x 1.5% + Finance Charge and Other Fees & Charges], subject to a minimum of HK$250, the monthly interest rate is 2.67%, the Annualized Percentage Rate ("APR") is 35.52% 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 (g). It also assumes that the monthly flat rate for a Citibank Card Debt Consolidation Loan is 0.44% and the APR is 9.96%, based on a 72 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.
g.
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 Citi Card Debt Consolidation Loans 28% Interest Discount Promotion (“Interest Discount Promotion”)

  1. The promotion period (“Promotion Period”) of Interest Discount Promotion is from April 1 to April 30, 2018, both dates inclusive.
  2. The 28% Interest Discount (“Interest Discount”) is applicable to customers (“Eligible Customers”) who apply during Promotion Period and successfully drawdown a Citi Card Debt Consolidation Loan on or before May 7, 2018 with balance transfer amount greater than or equal to HK$300,000 and a repayment term of 72 months.
  3. The Bank reserves the right to amend these Terms and Conditions at anytime without prior notice.
  4. In case of disputes, the decision of The Bank shall be final and conclusive.
  5. 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.

Terms and Conditions of Citi Card Debt Consolidation Loans HK$2,000 Online Application Promotion (“HK$2,000 Online Promotion”)

  1. The promotion period (“Promotion Period”) of HK$2,000 Online Promotion is from April 1 to April 30, 2018, both dates inclusive.
  2. Customers who apply for Citi Card Debt Consolidation Loan via Citibank website’s specified link within the Promotion Period will be entitled to HK$2,000 supermarket coupon (“Coupons”). Only customers who have successfully drawn down on or before May 7, 2018 with a loan amount of HK$200,000 or above and repayment term 12 months or above (“Eligible customers”) will be eligible for the Coupons. Only applicable to customers who do not hold any Personal Loan account offered by Citibank (Hong Kong) Limited (“The Bank”) at the time of application.
  3. A Coupon redemption letter will be mailed to the Eligible Customers’ correspondence address according to the Bank’s record on or before June 30, 2018.
  4. The Bank accepts no liability in respect of the quality of the products or services provided by the Coupons supplier involved in this promotion. Coupons are subject to relevant terms and conditions printed therein. The respective Coupons suppliers are responsible for all obligations and liabilities in relation to such products or services.
  5. Eligible Customers' Citibank Personal Loan accounts must be valid and in good condition without late payment or early payment, otherwise The Bank reserves the right to forfeit the eligibility of an Eligible Customer to participate in this promotion and the Eligible Customer shall immediately repay to the Bank the full amount of Coupons awarded under this Promotion.
  6. If Eligible Customer are found to have made early settlement of/ cancel Citibank Personal Loan, the Bank reserves the right to debit:
    • the full amount of the Coupons; 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).
  7. The Bank reserves the right to amend these Terms and Conditions at anytime without prior notice.
  8. In case of disputes, the decision of the Bank shall be final and conclusive.
  9. 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.

The annualized percentage rate (“APR”) ranges from 2.46% to 44.72%, with repayment period of 6 to 72 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 0.28% (APR 6.33%), and the total loan repayment amount is HKD206,724 (including full handling fee waiver). The above example is for reference only.