MINIMUM MONTHLY REPAYMENT

Minimum Monthly Repayment

Minimum Monthly Repayment
  • 5% of Current Balance* + 100% government service tax (if any) + 100% Monthly Instalment (if any) + 100% Past Due amount (if any); OR
  • RM 50; whichever is higher

*Current Balance = Retail transactions (if any) + Balance Transfer amount (if any) + Cash Advance amount (if any) + Finance Charges and Fees (if any)

The below examples provide an illustration on the impact of the revision to your minimum monthly repayment.

Note: The below are for illustration purposes and your actual minimum monthly repayment amount will vary according to your transactions and balances.

Examples

Example 1

Statement Balances Credit Limit: RM 5,000
Retail Purchases RM 800
Finance Charges RM 10.00
Total RM 810.00
Minimum Monthly Payment Due RM
(i)
5% of Current Balance* + 100% government service tax (if any) + 100% Monthly Instalment (if any) + 100% Past Due amount (if any);

41.00
(ii)
RM 50
50.00
The minimum monthly payment amount is RM 50.00 as this is the highest amount.

Example 2

Statement Balances Credit Limit: RM 5,000
Retail Purchases RM 3,000
Non-revolving instalment: Quick Cash (Principal)
Non-revolving instalment: Quick Cash (Interest)
RM 200.00
RM 5.00
Finance Charges RM 10.00
Total RM 3215.00
Minimum Monthly Payment Due RM
(i)
5% of Current Balance* + 100% government service tax (if any) + 100% Monthly Instalment (if any) + 100% Past Due amount (if any);

356.00
(ii)
RM 50
50.00
The minimum monthly payment amount is RM 356.00 as this is the highest amount.

Example 3

Statement Balances Credit Limit: RM 5,000
Balance Transfer RM 3,000
Cash Advance RM 1,000
Finance Charges RM 15.00
Total RM 4,015.00
Minimum Monthly Payment Due RM
(i)
5% of Current Balance* + 100% government service tax (if any) + 100% Monthly Instalment (if any) + 100% Past Due amount (if any);

201.00
(ii)
RM 50
50.00
The minimum monthly payment amount is RM 201.00 as this is the highest amount.

Example 4

Statement Balances

Credit Limit: RM 5,000

RM 1,188.98

Retail Purchases RM 5,000
Cash Advance Amount RM 1,000
Finance Charges RM 30.00
Non-revolving instalment : Quick Cash (Principal) RM 72.49
Non-revolving instalment : Quick Cash (Interest) RM 21.49
Overlimit fees RM 25.00
100% government service tax (if any) RM 25.00
Late Charge Fee RM 15.00
Total RM 6,188.98
Minimum Monthly Repayment Due RM
(i)
5% of Current Balance* + 100% government service tax (if any) + 100% Monthly Instalment (if any) + 100% Past Due amount (if any);

RM 422.98
(ii)
RM 50
50.00
The minimum monthly payment amount is RM 422.98 as this is the highest amount.



*Current Balance = Retail transactions (if any)+ Balance Transfer amount (if any) + Cash Advance amount (if any) + Finance charges and Fees (if any)

Minimum Monthly Payment amount in Current Balance* will be rounded up (including cents) to the next RM1.00.

FAQs
If you only make the minimum repayment each month, the interest amount and the time taken to settle the outstanding balance will increase.
Dial-for-Cash, Citibank Easy Pay, FlexiPayment Plan, Balance Transfer via Instalment Plan and Balance Conversion are non-revolving instalments.

If you have difficulty in making repayments, you should contact us the earliest possible to discuss repayment alternatives. You may contact Citibank Berhad at:

Telephone:
E-mail: malaysia.customer.service@citi.com

Alternatively, you may seek the services of Agensi Kaunseling dan Pengurusan Kredit (AKPK), an agency established by Bank Negara Malaysia to provide complimentary services on money management, credit counselling and debt restructuring for individuals. You can contact AKPK at:

Address::

Tingkat 8, Maju Junction Mall

1001, Jalan Sultan Ismail

50250 Kuala Lumpur

Telephone:: 1-800-88-2575 1-800-88-2575
E-mail: enquiry@akpk.org.my

Past Due amount is the previous month's unpaid Minimum Monthly Payment amount.