Citi Card Debt Consolidation loans

Clear card debt in one go

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With a Citi Card Debt Consolidation Loan, you can consolidate your debts into a lower interest loan making repayment easier. (Click HERE for Personal Loan Key Fact Statement)

Loan amount up to 21x monthly salary
Loan amount up to 21x monthly salarya
Repayment term up to 72 months
Repayment term up to 72 monthsb
No hidden terms and conditions
No hidden terms and conditions
To apply for Citi Card Debt Consolidation Loans, 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

How it works
Repayment example for HK$300,000c Citi Card Debt Consolidation Loans
Card Debts
HK$300,000
      Transfer to Citi Card
Debt Consolidation Loan
Total Interest Expense
• HK$541,683
Repayment Term
• 301months
Financial analyst
to tailor-made
a personalized loan plan
• HK$82,104 (85%)
• 72months (229months)
Total Interest Expense 85%
  • The annualized percentage rate (“APR”) ranges from 3.13% to 44.72%, with repayment period of 6 to 60 months.
  • The Annualized Percentage Rate ("APR") of as low as 3.13% is calculated based on the monthly flat rate 0.14% with loan amount of HK$1,200,000 and repayment tenor of 12 months.
  • The Annualized Percentage Rate ("APR") of as low as 44.72% is calculated based on the monthly flat rate 1.79% with loan amount of HK$90,000 and repayment tenor of 12 months.
  • 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, which is to be considered on a case-by-case basis in accordance with customer’s profile. 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 maximum APR will change and subject to monthly flat rate amendment. The Bank reserve the right to amend the monthly flat rate and APR. 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 0.38% (APR 8.64%), and the total loan repayment amount is HKD209,124 (including full handling fee waiver). The above example is for reference only.

Remarks:

  1. Loan amount of Citi Card Debt Consolidation Loans is up to 21 times of your monthly salary or HK$1,200,000, whichever is lower.
  2. Repayment period of Citi Card Debt Consolidation Loans is of 6 to 72 months.
  3. 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 . 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. It also assumes that the monthly flat rate for a Citi Card Debt Consolidation Loan is 0.38% and the APR is 8.64% 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.
  4. Application hotline service hours: Monday to Sunday 9:30am – 6:30pm (not applicable to Hong Kong public holiday)