Instructions for Citibank unsecured loans with low interest rates for immediate loan approval

Unsecured loans are a form chosen by many customers when they have the purpose of using loans for consumption, business, etc. If you are looking for a low-interest unsecured loan, Citibank will be a great choice. Join Banktop to find out information about Citibank unsecured loan right after.

Information about Citibank unsecured loans

CitiBank is a large international bank with over 200 years of experience operating worldwide. In 1975, CitiBank was officially established and strongly developed in Vietnam.

Currently, CitiBank is implementing a lot of services for individual and corporate customers such as commercial banking, international payment, cash flow management, securities, etc. Highlights are unsecured lending products for customers. for customers who need consumer loans without collateral, with extremely favorable interest rates.

Citibank unsecured loan is a product for customers in Hanoi and Ho Chi Minh City with stable income who are working in companies and businesses to use for consumption, travel, and study abroad purposes. , overseas workers.... Credit limit will be approved based on CIC credit score and monthly income of customers.

Types of unsecured loans at Citibank

Currently, Citibank has two forms of unsecured loans, namely: unsecured loans according to salary and unsecured loans by credit cards.

Salary unsecured loan at Citibank

Unsecured salary loan is a form applied to customers with stable income who are working at state-owned companies or foreign-invested enterprises.

You can borrow with a loan of 10 times your monthly income, with a loan limit of 24 million - 600 million.

The interest rate is fixed and is calculated on the reducing balance.

Flexible payment term for customers to choose, up to 48 months.

Note:

For loans with a limit of over 200 million, customers need to provide Citibank with documents to prove their legitimate consumption goals in advance.

Customers can fully prepay the loan with a fee of 4%* of the remaining principal balance.

Unsecured loans by credit card at Citibank

Unsecured loans by credit cards at Citibank are applicable to customers who have been using Citibank credit cards for at least 12 months and have regular transactions.

Loan registration is quick because the customer's personal information is already available on the system.

Flexible payment term for customers to choose, up to 48 months.

Easily check your loan account balance via Citi Mobile or Citi Online.

Advantages of Citibank unsecured loan

There is no need for collateral or property mortgage, but you only need the necessary documents such as ID card/CCCD/Household.

Quick disbursal time within 48 hours.

Interest rates are competitive and lower than those of financial institutions and are charged on a diminishing balance.

High loan limit from 24 million to 600 million, support to borrow 10 times income.

Flexible loan period, customers can choose to borrow from 24 - 48 months depending on their financial ability.

All procedures and documents will be guided in detail by the staff at Citibank to complete the loan quickly.

Easy loan control through Citi Online banking and Citi Mobile app.

Conditions for Citibank unsecured loans

Conditions for Citibank unsecured loans are also quite simple, customers only need to meet the following criteria:

Be a Vietnamese citizen aged 21 or over.

Have a household registration or temporary residence in Hanoi or Ho Chi Minh City.

Has a stable income of over 10.8 million VND, salary in the contract is over 15 million.

Have a labor contract of 12 months or more.

No bad debt at any bank or credit institution.

With unsecured loans via credit cards, customers need to use credit cards for more than 12 months and have regular transactions.

Citibank unsecured loan application documents

Documents to apply for a Citibank unsecured loan include:

Citibank's application form for unsecured loan.

Household book/temporary residence certificate.

Valid ID/CCCD.

Copy of labor contract, salary statement of the last 3 months, appointment decision (if any)…

For loans over 200 million, it is necessary to have documents showing the plan to use capital.

What is the Citibank installment loan interest rate?

Currently, the installment interest rate at Citibank is ranging from 1.23%/month to 1.83%/month and is calculated on the decreasing balance of the loan. Depending on the characteristics of each customer, the interest rate will be calculated differently.

At a glance, it can be seen that Citibank's interest rate is not much different from other credit institutions. However, you need to know that this interest rate Citibank charges for the declining balance.

If you see other financial institutions announcing interest rates at a flat rate, then x2 to calculate the interest rate calculated on the reducing balance. It can be seen that compared to many banks and financial institutions, Citibank is considered to have many attractive incentives.

The most detailed Citibank unsecured loan process

The Citibank unsecured loan process is the most simple and fast, when eligible for a loan, customers only need to follow these steps:

Step 1: Fill in loan information

First you need to access the following link: https://www.Citibank.com.vn/vietnamese/form/vay-tieu-dung/index.htm

Then select your current residence, check whether you are a customer or not a customer of Citibank and then fill in the following information: Full name, Contact phone number, Email, Living address, Salary, How to get salary. Check the information again and then click “Submit”.

Step 2: Prepare loan documents

Immediately after receiving customer information, Citibank will actively contact to guide customers to prepare the necessary loan documents. Prepare all the information required by Citibank, ready to add additional documents when required.

Step 3: Appraise loan documents

The bank appraises the loan documents, compares and verifies the information provided by the customer. Then, the application will be submitted to the competent person for approval.

If the customer's profile meets the requirements, the bank will approve the loan limit, interest rate and loan term. The results of the application will be notified in 1-2 days.

Step 4: Loan approval

If your application is approved, you will receive a notification message from Citibank. Within 24 hours after the application is approved, you will receive the loan via the bank account registered in the credit contract cum loan contract.

The contract is the place where the terms of the agreement between the two parties are recorded, and at the same time, the two parties are responsible for complying with the agreed agreements. Based on the terms stated in the contract, Citibank will collect interest and principal on a monthly or quarterly basis.

Citibank unsecured loan payment instructions

A few days after disbursement, Citibank will notify customers of the repayment time. To avoid incurring additional fees and interest on late payments, pay attention to pay your debt on time.

You can make payments for Citibank unsecured loans in many forms such as: Payment at a Citibank branch/transaction office or transfer via bank account. (If your loan is successful, Citibank will have detailed instructions on how to make this payment.

Some frequently asked questions about Citibank unsecured loans

Should I take a Citibank unsecured loan?

With what Banktop has shared above, you probably have your own answer to this question. As a financial consultant, we think Citibank's unsecured loan is quite good and convenient.

Because this loan does not require too many strict conditions, the loan limit is high, but the interest rate is also quite competitive compared to some banks and financial institutions today.

Can bad debt get Citibank unsecured loan?

ARE NOT. Currently, Citibank does not have a policy for customers with bad debt to get unsecured loans at Citibank.

How long does it take to approve a Citibank installment loan?

After receiving the customer's loan registration information, normally, Citibank's loan approval time will take 1-2 days.

Conclusion

Here is some information about Citibank unsecured loan that Banktop has shared with you. It can be seen that despite being an international bank, Citibank has extremely good conditions, procedures and interest rates for customers. If you meet the conditions that Citibank, what are you waiting for, do not apply for a Citibank unsecured loan today.

The article was edited by: Banktop.vn