Remember how long it took you to save up for your dreams? May it be a home, a car, your child’s education
or even a new business venture, all these dreams come at a cost. More often than not, after achieving one dream, you would
have to start from scratch again to save up for your next dream.
Now, normally this is where an overdraft becomes an option. But where do you start? We’ve done the homework for you,
and here are some of the issues faced by an overdraft customer like yourself:
most overdrafts are normally reserved for selected customers
i.e. businessmen and those who are more financial savvy, therefore making this option limited to a selected few.
most overdrafts are often tied to a term loan, and is limited to a financing ratio of 60% term
loan and 40% overdraft or combination of 50:50 with the overdraft being charged at a maximum 50% of your loan amount.
when an overdraft is offered on stand-alone basis,
the financing amount is usually limited to 50% to 60% of your property value.
overdraft interest rate and charges are higher than a term loan.
In fact, finding the right overdraft that suits your financial needs is not easy.
Well, we’ve just made it easy for you.
The One Overdraft For All Your Dreams.
Citibank Mortgage Power makes this possible with its unique benefits and features:
Enhanced with multi-tiered overdraft interest rates,
the more Citibank Mortgage Power funds you use, the lower your interest rate is charged.
Eg.
Have absolute control over the use of your money with a constant credit line until the age of 50 years.
Enjoy surplus cash in hand with a higher financing amount up to 80%* of your property value.
Additional Benefits:
•
Daily Interest Calculation
•
Flexible payment and withdrawal
•
Convenience of operating from one integrated account
•
Freedom to reuse your money
•
Access your funds anytime
Share your dreams with us! Let us help you start planning:
1.
Write down your current overdraft amount or the overdraft amount you wish to apply for,
loan tenure, monthly income and expenses on a piece of paper.
2.
Contact our professional Sales Officers who will walk you through every step of the way.
3.
Bring along the following documents:
a.
Copy of NRIC
b.
Sales and Purchase Agreement
c.
Valuation Report
d.
Title of Property
e.
Income Tax Returns
(Form J or EA Form – last 2 years)
4.
We would also need the following documents to substantiate
your income:
a.
Letter from employer or your latest 3 months salary slip
b.
Loan repayment record for the last 9 months
c.
Business Registration Forms (if applicable)
Should all your documentation be in order, your Citibank Mortgage Power will be approved in
3 working days.
Act Now!
For a personalised consultation, please contact our Mortgage Specialist at:
Kuala Lumpur
03-2383 8800
Puchong
03-5885 8000
Klang
03-3884 8880
Damansara Perdana
03-7495 9988
Penang
04- 227 8888
Bkt Tengah
04- 240 8888
Johor Bahru
07- 276 8800
or Citigroup outsourcing Services (Authorised Sales Agent) at:
Taipan, USJ
03-5633 2899
Ipoh
05- 249 8833
Kuching
082-236 288
Or call our hotline at 1300 13 8800.
* Terms and conditions apply. Loan approval is subject to credit review.
Applicable for financing of completed residential properties only.
