READY CREDIT

Citi Ready Credit

Revolving credit facility

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Citi Ready Credit is a flexible revolving credit line that makes it easy to enjoy the things that are important to you, such as improving your home, pursuing business opportunities or simply to manage cyclical cash flow needs. It's comforting to know that cash is always available whenever you need it. (Click HERE for Revolving Credit Facility Key Fact Statement)

For enquiry, please call (852) 2860 0337#(852) 2860 0337

Benefits
  • Credit limit up to 3 times of your monthly salary or HK$500,000 whichever is lower1.
  • Convenient access to cash.
  • No fixed repayment amount; repay as much or as little3 as you like.
  • Revolving Credit line - Credit limit will be restored right after repayment.
  • Interest will only be charged on utilized amount, computed on a daily basis.
  • No withdrawal fees.
FAQs
Why should I need a Citibank Ready Credit?

A Citibank Ready Credit provides you with a revolving credit line. You can withdraw the loan from the credit line anytime you wish; there is no fixed monthly repayment amount or repayment period. You can choose to repay only the minimum balance as stated on the statement or the full outstanding balance. Interest will only be charged on the withdrawal amount and the credit limit will be restored right after repayment. No re-application is required, providing higher flexibility.

How to choose between a Citibank Ready Credit and a Personal Installment Loan?

A Citibank Ready Credit facility provides you with a revolving credit line. You can withdraw the loan from the credit line anytime you wish. The credit limit will be restored right after repayment. No re-application is required, providing higher flexibility. A Personal Installment Loan allows you to repay the whole loan amount in a regular monthly amount within a fixed repayment period.

How will the credit limit be available to me?

The approved loan amount will be disbursed into your Citibank Ready Credit account. For immediate loan drawdown, you can request to make it available at your designated bank's account. Subsequently / After repayments, you can have easy access to your funds via ATMs (with Citicard) / EPS / Citibank Online, by issuing checks or calling our CitiPhone Hotline at 2860 0333.

Can Citibank Ready Credit be used to settle any credit card payment or/and as a payer bank account?

Citibank Ready Credit can’t be used to settle any credit card payment or/and as a payer bank account.

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To borrow or not to borrow? Borrow only if you can repay!

Remarks:Remarks:

1
Credit limit is up to 3 times of your monthly salary or HK$500,000 whichever is lower. It is a part of or the total of your Customer Credit Limit, which is assigned to you across all your Citibank Credit Card(s) (except Citibank Business Card) and Citibank Ready Credit accounts.
2
Introductory rate at P for first 3 months, the Prime Rate ("P") is the Hong Kong Dollar Prime Rate of Citibank (Hong Kong) Limited. The P is 5.25% (APR 5.38%) as of June 1, 2015. For definition of APR, please refer to clause 4. The interest rate will vary whenever P of the Bank changes.
3
Minimum payment due applies and is payable by the payment due date every month.
4
An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualized rate.
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Repeated applications will impact the application process, please submit your application only once.