CITIBANK PERSONAL LOAN FEES: List of Charges For Citibank Personal Loan

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List of Citibank Personal Loan Fees / Charges

CITIBANK PERSONAL LOAN FEES – Here is a list of the fees and charges under the Citibank Personal Loan.

One of the loans offered by Citibank is the Personal Loan. The said Citibank loan is a flexible one and you can apply for it for any purpose which may be included in the following:

  • House improvement
  • Travel
  • Paying of debts
  • Emergency
  • School Bills
  • Business Expansion

According to Citibank, among the benefits of this cash loan is the fast approval which may take as fast as 24 hours, the flexible term offer of up to five(5) years, and the high loanable amount of up to Php 2-million.

Are you interest to apply for the said loan?

Citibank Personal Loan Fees

With regards to applying for a personal loan, undeniably, it is best to check on the fees and charges that await your application. In this way, you can project how much you will get.

Projecting the amount of money you will bring home in case your application is approved decreases the possibility of not being able to loan the right amount to fund your purpose.

Based on the official website of the bank, here is a list of the Citibank Personal Loan Fees and Charges:

CITIBANK PERSONAL LOAN FEES & CHARGES

Annual Contractual Rate

  • The average ACR or the interest that will be charged on your loan computed based on the number of months in a term is at 26.9%.

Disbursement Fee

  • Php 1,750.00 per disbursement

Documentary Stamp Tax

  • Php 1.50 for every Php 200.00

Effective Interest Rate

  • The EIR under the Citibank Personal Loan is at 32.05% using Php 200,000.00 as a sample loan amount under 36-month term.

Closure Handling Fee

  • 4% of the Unbilled Principal Loan Amount

Returned Check Fee

  • Php 1,500.00 for every returned check

Monthly Late Charge

  • Whichever is highter between Php 500.00 or 6% of the overdue amount.

Attorney’s Fees & Other Judicial Expenses

  • According to Citibank, the collection of attorney’s fees and other expenses over legal proceedings are applicable over default payment following interest and late charges.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: Citibank Cash Loan Requirements

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