Citibank Extends 2019 Citi Tax Season Loan

Same day approval, second day disbursement

 

HONG KONG, CHINA – Media OutReach – 6 April 2020 – Citibank
announces the extension of 2019 Citi Tax Season Loan today, 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 from now until April 15, 2020, and collecting
disbursement on or before May 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.  

 

 

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 May 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 April 1, 2020 to April
15, 2020, 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.