The effective interest rate is up to 17.9% per annum. The equivalent flat interest rate is up to 10.57% per annum and it depends on the effective interest rate and the tenure.
Flat interest rate for the different tenures are as follows:
|Months||Interest rate per annum (Flat)|
The tenure offered for Citibank Dial for Cash is:
- 6 months
- 12 months
- 18 months
- 24 months
- 30 months
- 36 months
- 48 months
The minimum advance amount is RM1, 000 and the maximum amount is subject to the available credit limit and at Citibank’s discretion.
Following are the features of Citibank Dial for Cash:
- Loans are disbursed within 3 working days from the date of approval.
- There is no need for any documentation.
- The funds can be used for any purpose.
- The flat rate of interest offered for 36 months is as low as 3.12% per annum.
- Repayment tenure ranges from 6 – 48 months.
The monthly repayment for the various cash advances at an effective annual interest rate that ranges from 5.9% per annum to 17.9% per annum:
|Advance amount||6 months||12 months||18 months||24 months||30 months||36 months||48 months|
If you fail to repay the instalment amount that is due for 3 consecutive months or more, the whole amount that is the outstanding monthly balance and total unbilled principal along with the applicable finance charge will have to be paid.
The amount can be repaid before its maturity. An early settlement fee of 5% on the outstanding principal will be charged.
If a customer is applying for Dial for Cash advance of RM8, 000 for 12 months with an effective interest rate of 17.9% per annum, the monthly deductions will be as follows:
|Month||Monthly instalment (in RM)||Interest (in RM)||Principal Repayment (in RM)|
Customer Care Details
The following are the contact numbers for Citibank:
- Kuala Lumpur: 03-2383-0000
- Penang: 04-296-0000
- Johor Bahru: 09-509-0000
- Melaka: 06-852-0000
- Sabah and Sarawak: 1800-82-1010
Fax number is 03-2383-6666.