Citi Debt Consolidation Plan

citi-debt-consolidation

The Basics

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No. of Months Nominal Rate EIR
36 5.67% p.a. 10.50% p.a.
48 5.72% p.a. 10.50% p.a.
60 5.79% p.a. 10.50% p.a.
84 5.95% p.a. 10.50% p.a.

Features

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Great for: Be aware of:
Flexibility to choose a loan tenure of up to 7 years Further usage of current unsecured credit facilities will be disallowed upon application of DCP
A credit card with limit of 1X your monthly income All existing unsecured credit facilities will be closed upon approval of DCP
Complimentary protection insurance coverage of up to S$160,000*

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Eligibility

  • Singaporean or Singapore Permanent Resident (PR)
  • Be a salaried employee with annual income between S$30,000 and less than S$120,000 (at least $60,000 if you are not an existing Citibank customer), with Net Personal Assets of less than $12 million.
  • Total interest bearing balances^ in respect of unsecured credit facilities with financial institutions in Singapore exceed 12 times monthly income
^ Interest bearing balances include amounts rolled over on credit card and balances outstanding on unsecured loans that accrue interest.

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