Citibank Announces 2020 Citi Tax Season Loan

Annualized
Percentage Rate as low as 1.78%²

HONG KONG, CHINA -�Media OutReach - 5 October 2020 - Citibank announces 2020
Citi Tax Season Loan, available for same day approval and same day loan disbursement¹.
Selected customers can enjoy Annualized Percentage Rate (“APR”) as low as 1.78%².
Upon successful application of 2020 Citi Tax Season Loan during promotion
period, customers can enjoy up to HK$6,000 cash coupon reward³.  

 

Features of Citi Tax Season Loan?

• Same
  day approval and same day loan disbursement¹
• APR
  as low as 1.78%²
• 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 reward³
• HK$0
  handling fee

By completing successful application for the
2020 Citi Tax Season Loan anytime from now until December 31, 2020, and drawn
down on or before January 15, 2021, selected customers⁵ can receive
up to HK$6,000 cash coupon reward³. The higher the loan amount, the more
the cash coupon rewards will be.  

 

 

1.    
Same
day approval and same day loan disbursement is only applicable to selected
customers who successfully submit the required documents together with a filled
in application form before 10am of that working day (Monday to Friday). Actual
approval and loan disbursement time may differ based on the information
provided.

2.    
The
Annualized Percentage Rate (“APR”) of as low as 1.78% is calculated
based on the monthly flat rate 0.08% 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, which is to be considered on a case-by-case basis in
accordance with customer’s profile. 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.    
The
promotion period (“Promotion Period”) is from October 1, 2020 to December
31, 2020, both dates inclusive. Customers who successfully apply for Citi Tax
Season Loan within the Promotion Period and drawn down on or before January 15,
2021 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. Cash coupon reward up to
HK$6,000 is only applicable to customer of Citigold Private Client (CPC) /
Citigold / Citi ULTIMA cardholders and successfully drawdown loan amount
HK$1,500,000 with repayment period of 42 months or above,

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

5.    
Customers
have to fulfil the following requirements to be eligible for the reward for
Citigold Private Client/ Citigold/ Citi ULTIMA cardholders:

– 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.

6.    
Additional
Reward for repayment period of 42 months or above is only applicable to
customers who drawdown the specific loan amount and a minimum repayment period
of 42 months.