With the United States Federal Reserve expected to raise interest rates again in the near future, smart clients are making provisions to stay ahead of the curve. That’s why Citigold and Citigold Private Client are pleased to offer you an exclusive privilege to ensure you continue to enjoy greater value from your accounts.
Terms and Conditions:Terms and Conditions:
Terms & Conditions of Citigold Private Client/ Citigold Personal Loan Offer(“CPC /Citigold Offer ”)
- The program period is from July 1, 2017 to Oct 8, 2017, both dates inclusive (“Program Period").
- The CPC /Citigold Offer is only applicable to the existing Citigold Private Clients and Citigold customers who currently hold CPC/ Citigold account with Citibank (Hong Kong) Limited ("Citibank") fulfill the following requirements ("Eligible Client"):
- Citigold Private Client should maintain the account balance at HK$8,000,000 or above, while Citigold customer should maintain the account balance at HK$1,500,000 or above at the date of application AND
- Successfully apply for and draw down a Citibank Personal Loan of HK$800,000 or above and repayment terms of 18 to 60 months during the Program Period AND
- Clients who hold any Citibank Personal Loan account on the date of application are not eligible
- The Annualized Percentage Rate (“APR”) of 1.83% is only applicable to selected individual clients and is calculated based on the monthly flat rate 0.080% with a loan amount of HK$1,000,000 and tenor of 18 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. For definition of APR, please refer to clause (7).
- The example is for reference only. 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, subject to 18-month tenor and loan amount of HK$1,000,000. 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 definition of APR, please refer to clause (7).
- The loan amount is up to 12 times monthly salary or HK$2,000,000, whichever is lower.
- Repayment period is of 18to 60 months .
- 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.
- Citibank Personal accounts of Eligible Client 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 Client to participate in this promotion.
- If Eligible Client have made early settlement of /cancelled Citibank Personal accounts, Citibank reserves the right to charge the early repayment fee for Citibank Personal Loan (which is based on a rate on the entire principal amount as set out in the Drawdown Letter)( if applicable).
- CPC /Citigold Offer is not applicable to overseas clients (with an overseas correspondence address).
- CPC /Citigold Offer is subject to the "Terms and Conditions for Citibank Personal Loan".
- The CPC /Citigold 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 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.
For Terms & Conditions of Citigold Private Client/ Citigold Welcome Offers, please click HERE.