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Thursday, July 05, 2018

How to Apply for Citi Bank Personal Loan and Get Approved in 24 Hours

Each of us has a goal to achieve and sometimes, we fall short financially. This is the reason why there are affordable personal loans from the banks where we can apply for a loan as a little financial support to achieve our goals. With this loan, you may have a pocket money for the dream vacation of your family. It can be used in your long-awaited home renovation or for educational purposes for you or one of your family members.
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Each of us has a goal to achieve and sometimes, we fall short financially. This is the reason why there are affordable personal loans from the banks where we can apply for a loan as a little financial support to achieve our goals. With this loan, you may have a pocket money for the dream vacation of your family. It can be used in your long-awaited home renovation or for educational purposes for you or one of your family members. Aside from this, your personal loan can be used to simplify your debts, as an emergency fund or any other purpose you may have.  One of many banks in the Philippines that offers a quick cash loan is the Citi Bank. With Citi Bank, you can get approved as fast as 24 hours.  The bank has a flexible term of one year to five years and no collateral or guarantor needed! Loanable amount is up to P2 million pesos but this is subject for banks approval.  What are the Requirements?  One (1) valid government-issued ID with photo and signature. For employed:  Latest Income Tax Return (BIR Form 2316) or latest 1-month full pay slip For self-employed:  Latest Income Tax Return (BIR Form 1701); and Audited Financial Statements (AFS) of the business with independent auditor's report and balance sheets and tax receipt.  Product Features Min. financing amount    ₱20,000 Max.financing amount    Up to ₱2,000,000 Min. loan tenure    12 months Max. loan tenure    5 years The interest rate    Fixed rate of 26.9% to 37.9% per annum (Effective Interest Rate) Approval duration    Up to 24 hours Debt consolidation    No Fees & Charges One time set up Processing fee    N/A Stamp duty    ₱1.00 for every ₱200,00 of the installment loan approved that passed the criteria for determining the applicability of DST based on local laws and regulations Disbursement & misc. fee    ₱1,750.00 for each disbursement Annual fee    A payment of ₱200.00 or amount equivalent to the credit balance, whichever is lower will be charged for an inactive account every month, in case of any remaining overpayments on inactive or closed Ready Credit accounts Other fees    Returned Check Fee - ₱1,500.00 will be charged for every returned check /bounced post-dated check. Penalties Early settlement    4% of the unbilled principal component of each installment loan Late payment charges    ₱500.00 or 6% of the Past Due Amount, whichever is higher Other penalties    Post Dated Check Deferment - ₱1,000.00 will be charged for every post-dated check (PDC) that you request to defer/delay Eligibility Age requirement    Age 23 - 54 Employment eligibility    At least ₱21,000.00 monthly income Min. salary requirement    ₱21,000 gross per month Guarantor / Collateral requirement    No Other Requirements Need to open linked banked account?    No Other details    Method of Payment - Cash, Online banking , Check or ATM Transfers
Aside from this, your personal loan can be used to simplify your debts, as an emergency fund or any other purpose you may have.

One of many banks in the Philippines that offers a quick cash loan is the Citi Bank. With Citi Bank, you can get approved as fast as 24 hours. The bank has a flexible term of one year to five years and no collateral or guarantor needed! Loanable amount is up to P2 million pesos but this is subject for banks approval.
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What are the Requirements?

  • One (1) valid government-issued ID with photo and signature.

For employed: 

  • Latest Income Tax Return (BIR Form 2316) or latest 1-month full pay slip

For self-employed: 

  • Latest Income Tax Return (BIR Form 1701); and Audited Financial Statements (AFS) of the business with independent auditor's report and balance sheets and tax receipt.
  • Min. financing amount ₱20,000
  • Max.financing amount Up to ₱2,000,000
  • Min. loan tenure 12 months
  • Max. loan tenure 5 years
  • The interest rate Fixed rate of 26.9% to 37.9% per annum (Effective Interest Rate)
  • Approval duration Up to 24 hours
Eligibility
  • Age requirement: Age 23 - 54
  • Employment eligibility: At least ₱21,000.00 monthly income
  • Min. salary requirement: ₱21,000 gross per month
  • Guarantor / Collateral requirement: No
Other Requirements

Need to open linked banked account? No
Other details Method of Payment - Cash, Online banking , Check or ATM Transfers

You may also apply online with this link or download the application form below.


For more information, just visit bank's website at www.citibank.com.ph 


SEE MORE:
When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO.

What is PERA?   It is the first ever voluntary retirement account with tax incentives. OFWs can invest up to P200,000 annually while non-OFWs are allowed a maximum of P100,000 investment per year. Even if the OFW is abroad, the spouse and children can open a PERA account on behalf of the OFW.  Upon reaching retirement at the age of 55, all payments or distributions will be tax-exempt. This can either be in a lump sum, a pension for a definite period, or a lifetime.

For Overseas Filipino Workers (OFWs) who are looking for a housing loan, Pag-IBIG Fund is not the only choice. You can choose from different banks in the Philippines, just like Landbank!


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