Citibank Announces Annualized Loan Percentage Rate for Citi 2021 Tax Season as Low as 1.38%, Business News

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HONG KONG SAR – Media OutReach – October 6, 2021 – Citibank Announces Launch of Citi 2021 Tax Season Loan, Available for Same Day Approval and Same Day Loan Disbursement1 . Selected customers can enjoy an Annualized Percentage Rate (“APR”) as low as 1.38%2 . Upon successful application of the Citi 2021 Tax Season Loan during the promotion period, customers can enjoy a cash voucher of up to HK $ 4000.3 .

Features of the Citi Tax Season Loan ??

  • Same day approval and same day loan disbursement1
  • APR as low as 1.38%2
  • Loan amount up to HK $ 2,000,000 or 12 times monthly salary, whichever is lower
  • Repayment term up to 60 months4
  • Enjoy a cash coupon of up to HK $ 4,000
  • HK $ 0 processing fee

Selected clients who successfully apply for the Citi Tax Season Loan from today to December 31, 2021 and draw down a specific loan amount with a repayment term of 12 months or more on or before January 14, 2022 can take advantage of a cash coupon of up to HK $ 4,000.3 . The higher the loan amount, the more cash rewards there will be. Please refer to the table below for more details:

Loan amount (HK $)

Repayment period

Cash Coupon Reward (HK $)

Citigold Private Client (CPC) / Citigold / Citi ULTIMA cardholders5

Citi Priority Customers5

Other clients

$ 1,000,000

or above

More than 24 months

$ 4000

$ 3,000

$ 2,000

12 to 24 months

$ 2,000

$ 1,500

$ 1,000

$ 500,000

at $ 999,999

More than 24 months

$ 3,000

$ 2,000

$ 1,500

12 to 24 months

$ 1,500

$ 1,000

$ 800

$ 200,000

at $ 499,999

More than 24 months

$ 2,000

$ 1,500

$ 800

12 to 24 months

$ 1,000

$ 800

$ 500

Thermal baths and conditions of application. Please visit www.citibank.com.hk/taxloan, Citi Mobile® App, Citibank branches or call 2963 6413 to apply.

To borrow or not to borrow? Borrow only if you can pay it back!

1. Same-day approval and same-day loan disbursement only apply to selected clients who successfully submit the required documents along with a completed application form by 10:00 am on that business day (Monday to Friday). ). The actual loan approval and disbursement time may differ depending on the information provided.

2. The Annualized Percentage Rate (“APR”) of as low as 1.38% is calculated based on the monthly flat rate of 0.062% with a loan amount of HK $ 1,500,000 and a repayment term of 12 months. The APR is calculated on the basis of the guidelines set out in the Code of Banking Practice and rounded to the next two decimal places. Interest is calculated on the basis of 365 days per year. The actual applicable APR may differ, which should be considered on a case-by-case basis depending on the client’s profile. An APR is a benchmark rate that includes the base interest rate and other fees and charges of a product expressed as an annualized rate.

3. Applicable only to customers who do not have a personal loan account offered by Citibank (Hong Kong) Limited at the time of application.

4. The repayment term for the Citi Tax Season loan is 6 to 60 months.

5. The offer for Citigold Private Client / Citigold Client / Citi Priority Client or Citi ULTIMA cardholder only applies to the applicant who meets the following conditions from the date of the request until the date of issue. of the reimbursement letter (both dates included):

– Citigold private customer must maintain account balance at HK $ 8,000,000 or more, Citigold customer must maintain account balance at HK $ 1,500,000 or more, Citi priority customer must maintain account balance at 500 000 HK $ or more and the Citi ULTIMA Cardholder must hold the Citi ULTIMA Card.

#Citibank


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