Citibank Quick Cash Loan | Apply For Quick Personal Loan in Singapore

by Priyadarshini 9 September 2022

Citi Quick Cash provides low-interest rates as well as no processing fees to new bank customers. It is possible that you will be able to convert your credit limit into a personal loan that will be deposited into your account in less than a minute. This could be extremely beneficial for those who are facing unexpected expenses, such as medical or business expenses; you would also have the option to repay your loan over a period of up to five years.

What can a Citibank Quick Cash Loan do for you?

Summary of the Citibank Quick Cash Loan product:

  • Interest rates start at 3.45% per annum (EIR is 6.5% per annum).
  • Loan terms: From one to five years
  • Credit limit maximum: up to 90% of your unused credit limit on your Citi Credit Card or Citibank Ready Credit Account.
  • S$1,000 is the minimum loan amount.
  • For Citi accounts, approval is immediate. Non-Citi Accounts: 1 to 5 working days


  • Borrow up to 90% of your Citi Credit Card or Citibank Ready Credit Account’s unused credit limit.
  • S$1,000 is the minimum loan amount.
  • Low-interest rates start at 3.45% p.a. (EIR 6.5% p.a.) and are only available to new Citibank customers.
  • Take advantage of 0% processing fees.


  • To be eligible for a Citi Quick Cash loan, you must have a Citibank Ready Credit or Citi Credit Card account.
  • An early repayment fee of $100 or 3% of the outstanding unbilled loan balance, whichever is greater, is assessed.

Why should you get the CitiBank Quick Cash Loan?

Interest rates that are competitive

Customers who are new to banking can take advantage of competitive interest rates starting at 3.45% p.a. (EIR 6.5%). Another benefit that saves money? There are no processing fees to worry about.

You will receive your funds the following business day

Customers who already have a Citibank account can receive the cash disbursement within a day. Otherwise, the loan amount will be credited to your preferred account within 3 to 5 business days.

Make the most of your credit card

For existing Citibank credit card holders, the Citi Quick Cash loan can be drawn from their available credit limit.

Simple application through a mobile app

There’s no need to go out of your way to visit a physical bank branch. To apply for a Citi Quick Cash Loan, simply login to your Citi Mobile App and follow the on-screen instructions. If you already have a Citibank account, your funds may be transferred immediately.

What charges or fees should you be aware of?

There is no processing fee.
Cancellation fee: $100 or 3% of remaining principal, whichever is greater.
Long-overdue interest: The current interest rate is 20.95% p.a.
Late payment penalty: If the minimum payment is not made for two months in a row, the loan will be terminated, and the outstanding amount will be billed in the next statement.

Criteria for Eligibility

At least 21 years old
Singapore citizens and permanent residents must earn at least $30,000 per year.
Foreigners must earn at least $42,000 per year.

How do you apply?

Click the ‘Apply Now’ button in this article to access the SingSaver application form. For the application process, you may need to prepare the following documents:

NRIC/Passport/Employment Pass front and back
Salaried employees must provide a past 12 months CPF statement (Singaporean/PR) or the most recent Income Tax Notice of Assessment, as well as the most recent original computerized payslip.
Self-employed: the most recent Income Tax Notice of Assessment and the most recent original computerized payslip

Insurance | Credit Cards | Loans | Banking |

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments