Citibank Personal Loan

About Citibank

Citibank has been in Malaysia since 1959, providing various financial products and services to consumers, corporations, and institutions such as consumer banking, corporate banking, treasury and trade, and other financial products and services that meet their growing customer needs.

Meanwhile, Citibank is also a global financial leader in Malaysia, where the bank now serves 80% of the country’s largest market cap companies and 650 multinational corporations. Citibank currently has 11 branches in Malaysia, including Kuala Lumpur, Selangor, Penang, Kuantan, Malacca, and Johor.

What is a personal loan?

A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement.

What type of personal loan does Citibank offer?

Citibank provides 1 type of personal loan, Citibank Instalment Loan.

What are the eligibility to apply for Citibank Instalment Loan?

The eligibility for individuals to apply for Citibank Instalment Loan are as follows:

  • Malaysian citizen or Permanent Resident working in Malaysia
  • Between 21 to 60 years old
  • Minimum annual income of RM48,000
  • Credit Card, Home Loan, Personal Loan, Car Loan, or Overdraft for more than 24 months

Why should I choose Citibank Instalment Loan?

  • Citibank offers to finance amounts ranging from
    • Minimum: RM5,000
    • New-to-Bank customer: Up to RM120,000
    • Existing customer: Up to RM150,000
  • Profit rate as low as 5.33% p.a. (flat interest rate)
  • Preferred monthly repayment plan from 24 to 60 months

There are numerous other reasons you should choose Citibank Instalment Loan.

What are the benefits I can enjoy from Citibank Instalment Loan?

Citibank Instalment Loan can provide you with the following benefits:

  • No guarantor or collateral is required
  • No processing fees
  • Personal loans of up to 10x your gross monthly income are available
  • Choose your preferred loan repayment period from 24 to 60 months

What are the documents required for Citibank Instalment Loan?

When applying for Citibank Instalment Loan, the following documents are required:

  • Salaried employee
    • Copy of MyKad (both sides), and
    • Latest EPF Statement, and
    • Latest 2 months’ salary slip, and
    • Latest BE Form with a tax receipt, or
    • Latest 3 months’ bank statement, or
    • Latest EA Form (dated within the last 12 months)

  • Self-employed
    • Copy of MyKad (both sides)
    • Copy of Business Registration form
    • Latest Form B with a tax receipt

What are the fees included in Citibank Instalment Loan?

Certain fees apply, including:

  • One-time stamp duty (Ad Valorem)

    0.5% of the loan amount

  • Early settlement fee

    RM200 or 3% of the outstanding balance, whichever is higher

  • Late payment charge

    A daily of 1% p.a. is charged on past-due amounts

Who should I contact for further information about Citibank Instalment Loan?

For more information or assistance with Citibank Instalment Loan,

  • Contact CitiPhone at:
    • +60323830000 (KL)
    • +6042960000 (Penang)
    • +6073406000 (JB)
    • 1-800-82-1010 (Sabah and Sarawak)

What are the common terms of personal loan?

  • Per Annum (p.a.)

    The interest rate over one year with the assumption that interest is compounded annually.

  • Tenure

    The period you must repay your loan.

  • Principal

    Principal is commonly known as the loan amount you requested from the bank.

  • Interest rate

    Principal is commonly known as the loan amount you requested from the bank.

  • Instalment

    Instalment is the fixed amount you must repay your personal loan every month until the term expires.

  • Penalty

    A fee that a bank will levy on your overdue amount if you are late with your repayment.

  • Default

    The term used to describe a situation in which a personal loan is not paid off for more than three months.