News

Citibank Launches 2019 Citi Tax Season Loan

Same day approval, second day disbursement

 

HONG KONG, CHINA - Media OutReach - October 10, 2019 - Citibank announces the
launch today of 2019 Citi Tax Season Loan, available for same day approval and
second day disbursement1.  Selected
customers can enjoy Annualized Percentage Rate ("APR") as low as 2.01%2.
Upon successful application of 2019 Citi Tax Season Loan during promotion
period3, customers can receive up to HK$6,000 cash coupon reward.  

Features of Citi Tax Season Loan?

  • Same
    day approval, second day disbursement
  • APR
    as low as 2.01%
  • Loan
    amount up to HK$2,000,000 or 12 times of monthly salary, whichever is lower
  • Repayment
    term up to 60 months4
  • Enjoy
    up to HK6,000 cash coupon reward
  • HK$0
    handling fee

By completing successful application for the
2019 Citi Tax Season Loan during October 4, 2019 to December 31, 2019, and
collecting disbursement on or before January 15, 2020, selected customers6
can receive up to HK$6,000 cash coupon reward. The higher the loan amount, the more
the cash coupon rewards will be.  

Loan
Amount (HK$)

APR as low as5

Offer

Reward for Citigold Private Client
(CPC)/ Citigold / Citi ULTIMA cardholders6

Reward for other customers

$1,500,000
or above

2.01%

HK$6,000 cash coupon

HK$4,500 cash coupon

$1,000,000
to $1,499,999

2.46%

HK$4,000 cash coupon

HK$2,500 cash coupon

$500,000
to $999,999

3.36%

HK$3,000 cash coupon

HK$2,000 cash coupon

$200,000
to $499,999

4.49%

HK$2,000 cash coupon

HK$1,500 cash coupon

Terms and conditions apply.
Please visit Citibank branches, browse www.citibank.com.hk/taxloan  or dial hotline:
2963 6413.

To borrow or not to borrow? Borrow only if you
can repay!

1.    
Same
day approval, second day disbursement is only applicable to selected customers
who successfully submit the required documents together with a filled in
application form before noon of that working day. Actual approval time may
differ based on the information provided.

2.    
The
Annualized Percentage Rate ("APR") of 2.01% is calculated based on
the monthly flat rate 0.09% with loan amount of HK$1,500,000 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. 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.

3.    
Customers
who successfully apply for Citi Tax Season Loan within the Promotion Period and
drawn down on or before January 15, 2020 with a specific loan amount and
repayment term 12 months or above ("Eligible customers") will be eligible for
the Offer. 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. The
promotion period ("Promotion Period") is from October 4, 2019 to December 31,
2019, both dates inclusive. 

4.    
Citi
Tax Season Loan's repayment term is from 6 to 60 months.

5.    
The
example is for reference only. APR is calculated in accordance with the
guidelines set out in the Code of Banking Practice, subject to a 12-month loan
tenor and loan amounts of HK$1,500,000, HK1,499,999, HK$999,999, and
HK$499,999, rounded up to the nearest two decimal places. Interest is
calculated on the basis of 365 days per year. The actual monthly flat rate and
APR are subject to the loan amount and credit assessment result of individual
customer. 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.

6.    
The
Reward for Citigold Private Client/ Citigold/ Citi ULTIMA cardholders is only
applicable to who fulfill the following requirements:

- existing Citigold Private Client/ Citigold
Client who currently hold Citigold Private Client/ Citigold account or Citi
ULTIMA cardholders who currently hold Citi ULTIMA card with The Bank on the
date of application; AND

- existing Citigold Private Client should
maintain the account balance at HK$8,000,000 or above, while Citigold Client
should maintain the account balance at HK$1,500,000 or above from the date of
application to the issue date of redemption letter.

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