Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Citibank Dial for Cash Interest Rate

    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)
    6 10.57
    12 9.96
    18 9.84
    24 9.85
    30 9.91
    36 9.99
    48 10.19

    Tenure

    The tenure offered for Citibank Dial for Cash is:

    • 6 months
    • 12 months
    • 18 months
    • 24 months
    • 30 months
    • 36 months
    • 48 months

    Advance Amount

    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.

    Monthly Repayment

    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
    RM1,000 RM175.48 RM91.63 RM63.76 RM49.88 RM41.59 RM36.10 RM29.32
    RM2,000 RM350.95 RM183.26 RM127.52 RM99.75 RM83.18 RM72.20 RM58.65
    RM5,000 RM877.38 RM458.16 RM318.79 RM249.38 RM207.95 RM180.51 RM146.61
    RM10,000 RM1,754.75 RM916.32 RM637.58 RM498.76 RM415.90 RM361.02 RM293.23

    Late Payment

    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.

    Early Settlement

    The amount can be repaid before its maturity. An early settlement fee of 5% on the outstanding principal will be charged.

    Illustration

    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)
    1 733.06 119.33 613.73
    2 733.06 110.18 622.88
    3 733.06 100.89 632.17
    4 733.06 91.46 641.60
    5 733.06 81.89 651.17
    6 733.06 72.17 660.89
    7 733.06 62.32 670.74
    8 733.06 52.31 680.75
    9 733.06 42.16 690.90
    10 733.06 31.85 701.21
    11 733.06 21.39 711.67
    12 733.06 10.77 722.29
    Total 8,796.72 796.72 8,000

    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.

     

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