- Citibank Ready Credit
- Overview & Promotions
Citibank Ready Credit
The overdraft facility that you can rely on to ease your monthly financial burden with convenient cash withdrawal at over 11,500 ATMs nationwide without having the need to pay any fees#.
#ZERO annual fee, GST & Cash advance fee.
PayLite Repayment Table (RM)
|Amount||24 month (6.49% FIR)||36 month (6.52% FIR)||48 months (6.60% FIR)|
Terms and conditions:
- RM50 cashback is applicable to the first 1750 applicants who make 3 Retail (SWIPES) transactions within 60 days from the approval date.
- G-Shock promo (model No DW-9052-IVDR) is applicable to the first 750 successful applicants who avail of a Citibank Ready Credit PayLite amount of RM5000 or more, for the tenor of at least 24 month, along with their Citibank Ready Credit application.
- 12% effective interest rate per annum only applies to PayLite.
- Terms & Conditions apply at www.citibank.com.my/rctnc.
- Promotion period: 1 November till 31 December 2014
All year round permanent benefits:
How it works:
Customer can gain access to extra funds through the overdraft limit with any of the following methods:
Swipe or purchase online
Write a cheque
Ready Credit is a “pay-per-use” overdraft facility, thus interest will only be charged to the amount utilised from your overdraft limit on a daily basis and is chargeable until the outstanding amount is fully paid.
Ready Credit also comes with Instalment plans:
|PayLite||With PayLite, you can get cash amount by converting a portion of the overdraft line assigned to your Citibank Ready Credit into cash loan and repay in monthly instalment.>Learn More.|
|Balance Transfer via Instalment Plan||Rediscover your spending power by consolidating your credit/charge card outstanding balances held with other banks to enjoy greater savings and better management of your finances with Balance transfer via Instalment Plan.>Learn More.|
How much you need to pay per month:
You can choose to pay us the monthly outstanding balance in full or the TOTAL MINIMUM PAYMENT DUE each month, as illustrated below:
The Minimum Payment is determined as follows:
|Revolving Balance||Minimum payment Due for the month|
|Revolving Balance (RM)||For CRC accounts without Instalments plans||For CRC accounts with Instalments plans|
|RM0 to RM60||Full Revolving Balance||4% of Full Revolving Balance + monthly Instalments*|
|RM60 to RM1,500||RM60|
|Above RM1,500||4% of the Full Revolving Balance|
If you have a signed up for an instalment plan with a monthly instalment amount of RM400 and the Full Revolving Balance is RM500 for the month, the minimum payment due would be RM420
i.e. RM20 (4% of Full Revolving Balance) + RM400 (monthly Instalments).
You can pay your Ready Credit monthly bill via any of the following methods:
- By cash via cash deposit machine
- By cheque
- By online transfer (GIRO)
- By fund transfer via MEPS Shared ATM
Criteria For Application
|Minimum Income Requirement||RM24,000 per annum|
|Minimum Age||21 years old|
|Maximum Age||65 years old at the point of application|
Required Document for New-To-Bank applicants:
|Type of Applicants||Documents Required|
|Salaried Employee||Photocopy of MyKad (both sides)|
Latest EPF Statement
Latest 2 months salary slip*
Any of the following documents where required.
|Self- Employed||Photocopy of MyKad (both sides)|
Photocopy of Business Registration form
Latest Form B with tax receipt
6 months bank statements
(Only applicable for credit card applications)
|Copy of Passport|
Latest 2 months salary slip*
Work permit valid for at least six months at the time of application
Letter of employment
*Number of months of salary slip required will depend on the job nature of applicants
Looking for an Instalment Plan? Calculate your repayment here:
*Choose Your Instalment Plan
*Effective Interest Rate (%):
*Preferred Loan Amount:
Your monthly instalment is RM 0