Citi Debt Consolidation Plan

citi-debt-consolidation

The Basics

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No. of Months Nominal Rate EIR
36 3.99% p.a. 7.50% p.a.
48 4.01% p.a. 7.50% p.a.
60 4.05% p.a. 7.50% p.a.
84 4.12% p.a. 7.50% p.a.

Features

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Great for: Be aware of:
Flexibility to choose a loan tenure of up to 7 years Usage of current unsecured credit facilities will be temporarily disallowed upon application of DCP
A credit card with limit of 1X your monthly income All existing unsecured credit facilities with other banks will be closed upon approval of Citi 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 $48,000 for new to Citibank), 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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