Feeling trapped between paying steep interest rate on personal loan or asking family and friends for cash assistance? Say no more. Citibank Dial-For-Cash is here to the rescue!
What is Dial-For-Cash?
Dial-For-Cash is a personal loan from your own Citibank credit card, giving you a private access to money at the same time managing your finance even better. You borrow a certain amount from your credit card, subject to your available credit limit, at interest rates ranging from 9.91% p.a. to 10.57% p.a.
Your preferred interest rate will be tied to a repayment tenor: 6, 12, 18, 24, 30, 36 or 48 months and your money will be disbursed to your preferred savings or current account within 3 working days upon approval by the bank.
How to apply for this cash loan facility?
You can apply online at Citibank's website to save time, efforts and costs. This way, you are waived from paying 2% cash advance fee, which is non-refundable. Should you like to talk to the bank's Customer Relationship Executive, you can drop a line at 03 2383 1100.
Can I pay off my cash loan before maturity?
The gesture may be applauded by most banks, but not Citibank, unfortunately. You could be slapped with a 5% early termination fee on the total outstanding principal when you decided to pay off your loan.
What if I fail to fulfill my monthly obligations?
Failure to service your monthly instalments in full can cost you a late penalty fee of 1% on the outstanding amount. It is advisable that you contact the bank's customer relationship executive to discuss repayment alternatives.