Citibank Ready Credit PayLite

This is an personal overdraft with easy access to cash at any Citibank ATMs nationwide with your Ready Credit bank card. Pay low interest only when you make withdrawals!

    • Financing up to RM120k
    • Up to 4 years tenure
    • Unsecured Loan
    • 48 hours approval
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Interest rate p.a.: -%

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Interest rates

How much the bank charges you based on your loan amount & loan period

You BorrowLoan PeriodYour IncomeInterest Rate
RM1000 - RM1200006 to 48 monthsmin. RM240005.9 - 10.57% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
from 5.9% p.a. to 10.57% p.a. , depending on loan amount and period
Processing Fee
Early Termination Fee
Late Penalty Fee
1% from current outstanding amount


Are you eligible for this personal loan?

Minimum annual income
Minimum age
21 years old
Maximum age
65 years old

Frequently Asked Questions about Citibank Ready Credit PayLite

Things you might want to know

What is the Citibank Ready Credit account?

Citibank Ready Credit is an unsecured personal overdraft with checking facility and a Visa debit and ATM card. Whether you are starting up a business or planning on your next world travel, you can pursue what you want in life with Citibank Ready Credit PayLite. 

You won't need to pay any annual fee or cash advance fees for all cash withdrawals. On top of that, just by signing up, you'll get to enjoy special perks and privileges at international hotels, restaurants, and malls with Citibank World Privileges.

How does Citibank Ready Credit PayLite work?

It is a cash loan facility with an instalment feature where you can obtain through your Citibank Ready Credit account. The minimum amount you can borrow is RM1,000, with the maximum amount is capped at 95% of your available overdraft limit. 

The repayment period is flexible: from 6 months up until 48 months. Depending on the amount of borrowing you applied, the flat interest rate charged to the facility can go up to 10.57% p.a. throughout the period.

Citibank will take within 14 business days from the receipt of relevant documents from you to process your PayLite application. Once approved, you can choose to disburse the loan into your current or savings account with Citibank or other banks.

How do I pay the instalment loans back?

Your PayLite monthly instalment amount is fixed for the entire tenure of borrowing, regardless of any subsequent revisions to the PayLite interest rates offered. During the tenure, your PayLite amount will be billed together with PayLite interest rate in equal monthly instalments.

Any prepayment or excess payment of your PayLite will not go toward reducing the outstanding principal of your PayLite amount; it will be treated as advance payment. You are also not qualified for any Citi Rewards Points or cash rebate from the PayLite. 

If you feel like settling the PayLite off before the end of the tenure, you can inform the bank via CitiPhone at 03 2383 0000 of your intention to exit early from the facility.

What if I fail on my payment obligation?

This is the tricky part of any instalment loans. Should you late on your monthly instalment payment, a late payment fee of 1% p.a. on the outstanding balance awaits you in the next statement cycle. If this goes unchecked, you will not give your CTOS / CCRIS profile a favor in future.

Also, do give Citibank a call to discuss other alternative payments should you face any difficulties in meeting your obligations.

What documents are required for Citibank Ready Credit PayLite application?

In order to process your loan application, Citibank may require you to prepare the following supporting documents:

Salaried Employee

  • Copy of MyKad (front and back)
  • Latest 2-months salary slips
  • Latest EPF or bank statement.


  • Copy of MyKad (front and back)
  • Business Registration Certificate or Operating License
  • Latest 6-months bank statements.

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