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| Citibank Ready Credit is a Credit line that allows you to access cash/loans easily up to your approved limit. |
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| Be it for that holiday getaway you've been thinking of renovating your home or buying a motorbike. Citibank Ready Credit is the only credit line that gives you instant access to available cash. |
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| Top 3 reasons to get Citibank Ready Credit |
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- Access Cash Any time, Anywhere.
- Freedom to choose between a credit line, an installment loan (Personal Loan) or a mix of both.
- Flexibility to pay interest only on what you use.
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| Key Benefits: |
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- Credit line of up to four times your monthly salary.
- Worldwide access to over 1.7 Million Citibank and Plus ATM (up to 50% of Credit Limit at ATM)
- Special interest of 21% per annum for installment loan and 24% per annum for cash advances.
- No Cash Advance Fees for withdrawal from Citibank ATMs in Vietnam
No Joining Fees
No Cash disbursement/transfer fees.
- Cash withdrawal up to 50% of Credit Limit at ATMs
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| Your Personal Loan up to the Credit Line. |
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- You can apply for flexible tenors of 24, 30 or 36 months and pay monthly fixed installments. Maximum Loan amount is up to VND 500 Million. Please provide evidence of use of loans / cash disbursement.
- There are no charges for pre-paying the Personal Loan. However, part pre-payment of the Personal Loan is not allowed.
- Simply call CitiPhone at (84 8) 3521 1111 or (84) 1900 1819 or visit our branch and complete the Application form. Your loan amount will be credited to your bank account within 5 business days.
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| You have a pre-approved Credit Line, ready for you when you need it. |
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- Be it for a new purchase or taking advanced education, Citibank Ready Credit provides you with extra cash when you need. You can even use Citibank Ready Credit as a standby line for emergencies - think of it as financial protection.
- Simply call CitiPhone at (84 8) 3521 1111 or (84) 1900 1819 or visit our branch and complete the Application form. Your loan amount will be credited to your bank account within 5 business days.
- The credit facility remains with you for as long as you wish.
- You pay interest only on the line amount used and for the duration it is used.
No interest on the unused part of the Credit line.
- Option to repay the utilized amount as per your comfort subject to a minimum monthly repayment of 4% of the line utilized plus interest and fees.
- If you have excess cash flow in any month, simply pre-pay in parts and reduce your interest.
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- You want to make big purchases - for home improvements, a new motorbike, home theatre system or perhaps a much needed holiday.
- You want to make daily purchases - for groceries and day to day shopping, payment of bills and other general expenses.
- You want money for any emergencies - for any kind of purchasing or payment, ready at anytime you need money.
- You want to manage your cash flow - Your Ready Credit account gives you the flexibility to keep on top of payments.
- You want peace of mind - for any of life's unseen emergencies where you might need to get your hands on extra cash quickly - redundancy, an accident, an unexpected bill.
- You need local currency cash in the country you travel to - you can access cash at over 1.7 Million ATMs worldwide in local currency. Cash from ATM is restricted to 50% of the credit line.
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| Comparison of Ready Credit Personal Loan and Cash Advances. |
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Product Flexibility |
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Cash Advances |
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Ready Credit
Personal Loan |
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Interest Rate |
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24% per annum |
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24% per annum |
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Interest
Calculation Method |
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Reducing Principal basis |
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Reducing Principal basis |
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Interest Calculated |
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Daily |
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Calculated daily
and charged as
part of installment |
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Loan Term |
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4% of the outstanding per
month + interest and fees. |
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Flexible Tenor
or 24, 30
or 36 months |
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Security / Collateral |
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No collateral |
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No collateral |
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Lump Sum Payments |
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Allowed |
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Only full
pre-payment allowed. |
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Repayment Frequency |
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Monthly |
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Monthly |
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Pre-Payment Penalty |
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Not applicable |
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Not applicable |
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Minimum Payment |
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Greater of VND 50,000 or
4% of the outstanding +
fees, interest, past dues
and installments |
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Monthly installment
due including past
due installments |
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Supplementary Card |
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Yes |
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