MINIMUM MONTHLY REPAYMENT

Minimum Monthly RePayment

Minimum Monthly RePayment
  • 5% of (Total Outstanding Balance - Overlimit Amount (if any)) + 100% of Overlimit Amount (if any) + 100% of Past Due Amount (if any); OR
  • 1% of Outstanding Balance (Retail Purchases, Balance Transfer Amount (if any), Cash Advance Amount (if any) and other fees (if any)) +
  • 100% of Non-Revolving Instalments (if any) +
  • 100% of Overlimit Amount and Overlimit Fee (if any) +
  • 100% of Past Due Amount and Late Payment Charge (if any) +
  • 100% of Outstanding Finance Charges and Goods & Services Tax (GST) (if any); OR
  • RM 50; whichever is higher.

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 Repayment Due RM
(i)
5% of (Total Outstanding Balance - Overlimit Amount (if any)) + 100% of Overlimit Amount (if any) + 100% of Past Due Amount (if any);
40.50
(ii)

1% of Outstanding Balance (Retail Purchases, Balance Transfer Amount (if any),

Cash Advance Amount (if any) and other fees (if any)) +

100% of Non-Revolving Instalments (if any) +

100% of Overlimit Amount and Overlimit Fee (if any) +

100% of Past Due Amount and Late Payment Charge (if any) +

100% of Outstanding Finance Charges and GST (if any)

18.00
(iii)
RM 50
50.00
The minimum monthly repayment 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
Finance Charges RM 10.00
Total RM 3,010.00
Minimum Monthly Repayment Due RM
(i)
5% of (Total Outstanding Balance - Overlimit Amount (if any)) + 100% of Overlimit Amount (if any) + 100% of Past Due Amount (if any);
150.50
(ii)

1% of Outstanding Balance (Retail Purchases, Balance Transfer Amount (if any),

Cash Advance Amount (if any) and other fees (if any) +

100% of Non-Revolving Instalments (if any) +

100% of Overlimit Amount and Overlimit Fee (if any) +

100% of Past Due Amount and Late Payment Charge (if any) +

100% of Outstanding Finance Charges and GST (if any)

40.00
(iii)
RM 50
50.00
The minimum monthly repayment amount is RM 150.50 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 Repayment Due RM
(i)
5% of (Total Outstanding Balance - Overlimit Amount (if any)) + 100% of Overlimit Amount (if any) + 100% of Past Due Amount (if any);
200.75
(ii)

1% of Outstanding Balance (Retail Purchases, Balance Transfer Amount (if any),

Cash Advance Amount (if any) and other fees (if any) +

100% of Non-Revolving Instalments (if any) +

100% of Overlimit Amount and Overlimit Fee (if any) +

100% of Past Due Amount and Late Payment Charge (if any) +

100% of Outstanding Finance Charges and GST (if any)

55.00
(iii)
RM 50
50.00
The minimum monthly repayment amount is RM 200.75 as this is the highest amount.

Example 4

Statement Balances

Credit Limit: RM 5,000

Note: This is an example where the account is overlimit by RM1,213.98

Retail Purchases RM 5,000
Cash Advance Amount RM 1,000
Finance Charges RM 30.00
Non-revolving instalment : Dial-For-Cash (Principal) RM 72.49
Non-revolving instalment : Dial-For-Cash (Interest) RM 21.49
Overlimit fees RM 25.00
Goods and Services Tax (GST) RM 50.00
Late Charge Fee RM 15.00
Total RM 6,213.98
Minimum Monthly Repayment Due RM
(i)
5% of (Total Outstanding Balance - Overlimit Amount (if any)) + 100% of Overlimit Amount (if any) + 100% of Past Due Amount (if any);
1,463.98
(ii)

1% of Outstanding Balance (Retail Purchases, Balance Transfer Amount (if any), Cash Advance Amount (if any) and other fees (if any)) +

100% of Non-Revolving Instalments (if any) +

100% of Overlimit Amount and Overlimit Fee (if any) +

100% of Past Due Amount and Late Payment Charge (if any) +

100% of Outstanding Finance Charges and GST (if any)

1,476.96
(iii)
RM 50
50.00
The minimum monthly repayment amount is RM 1,476.96 as this is the highest amount.
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:
Fax: 03-2383 6666 03-2383 6666
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