Feeling trapped between paying steep interest rate on personal loan or asking family and friends for cash assistance? Say no more. Citi Quick Cash is here to the rescue!
What is Citi Quick Cash?
Citi Quick Cash is a personal loan from your own Citibank credit card with no hassle. You can borrow up to your credit card limit at interest rate of up to 10.57% p.a..
You can select a repayment period that is flexible to you, from 6, 9, 12, 18, 24, 30, 36, 48 to 60 months. The minimum cash amount you need to apply is RM1,000, up to you credit card limit.
Can I fully settle my cash loan before maturity?
Unfortunately, cancellation and early settlement of Citi Quick Cash amount will incur a fee of 5% of the total outstanding principal.
Citibank Quick Cash amount is fixed, therefore any excess or pre-payment will not reduce the outstanding principal and will not be treated as an advance payment.
What if I fail to fulfill my monthly obligations?
Your Citi Quick Cash monthly installment(s) will form part of your credit card Minimum Monthly Payment. Failing to pay in full amount and within payment due date will incur finance charges and late payment charge of 1% p.a. on the outstanding balances.
Citibank will demand from you a full amount of your Citi Quick Cash amount (including finance charges and total unbilled Quick Cash principal) if the monthly installment(s) has been overdue for minimum 3 consecutive months.