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.
