Citi Quick Cash is a personal loan option from Citibank, designed especially for those seeking a fast cash solution at a competitive rate. The headline rate starts at 3.45% p.a. (EIR 6.5% p.a.) for new customers with approved Citi Credit Card or Citibank Ready Credit accounts. Borrowers can access loan amounts up to four times their monthly income, or up to eight times for those earning S$120,000 annually. With a flexible repayment tenure ranging from 12 to 60 months and zero processing or hidden fees, it stands out for its convenience and transparency. Note: standard eligibility checks and supporting documents are required for application approval.

How to Apply for Citi Quick Cash

1. Ensure you have a Citi Credit Card or Citibank Ready Credit account.
2. Complete the Citi Quick Cash loan application via the Citi Mobile App or Citibank Online.
3. Upload all required identification and income documents.
4. Wait for approval (usually within one working day for Citi accounts).
5. Receive funds directly into your bank account.

Pros of Citi Quick Cash

One of the biggest advantages is the low headline interest rate at 3.45% p.a. for new customers, which results in affordable monthly repayments. Additionally, the loan offers flexible tenures up to 60 months and no processing or hidden fees, enhancing transparency and reducing costs for borrowers. Fast approval and direct disbursement make it especially attractive for those in urgent need of funds.

Cons of Citi Quick Cash

The main drawbacks include its restriction to those who already have—or are eligible for—a Citi Credit Card or Ready Credit account. Some customers may be subject to a higher effective interest rate depending on their profile, and early cancellation incurs a fee of $100 or 3% of the outstanding balance.

Verdict

Citi Quick Cash is a strong pick if you’re an eligible new customer seeking a personal loan with low rates and zero processing fees. Its flexibility and rapid disbursement are hard to beat, though prospective applicants should check their own eligibility and factor in possible cancellation costs before applying.