Citi Debt Consolidation Plan

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Key Features

4.05%
Interest Rate*
^S$0
Processing Fee
Up to 7 years
loan tenure

Other Features

Benefit from zero processing fees
Choose from loan tenures of 3-5 or 7 years
Receive a credit card with a limit of 1X your monthly income
Enjoy complimentary protection insurance coverage up to S$160,000
Your total interest-bearing outstanding balances on credit cards and personal loans must be at least 12X your monthly income
For first-time DCP applicants, your approved/disbursed loan amount will include outstanding bills and interest plus an additional 5%. For instance, if your first DCP loan is $30,000, the approved/disbursed loan amount will be $31,500.

Eligibility

Citizenship Status

Singaporean /PR

Age Requirement

21 years old and above

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income

S$30,000

Fees and Charges

Late Payment Fee: Rate/amount specified in your Approval Letter will apply until payment in full is received by the bank
Partial Repayment Penalty: No partial prepayment allowed

Review

By LOANPANDA

Citi Debt Consolidation Plan offers zero processing fees and a credit card with a limit of 1X your monthly income. You can choose from loan tenures of 3-5 or 7 years and enjoy complimentary protection insurance coverage up to S$160,000.

However, your total interest-bearing outstanding balances on credit cards and personal loans must be at least 12X your monthly income, and late payment fees apply until payment in full is received by the bank.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.