Guide on Whether A Collateral / Guarantor is Needed in Applying for Citibank Personal Loan or Not
CITIBANK PERSONAL LOAN – Here is a guide on whether a collateral or a guarantor is required in applying for the said loan offer or not.
Running out of cash is not anymore an uncommon situation nowadays. A lot of people have to deal with this dilemma on a monthly or weekly basis. Unfortunately, some even has it as an everyday challenge.
To cope with the expenses and make ends meet, some people sort out for options. Among the options are the different cash loans. These may be offered by banks, government agencies, or lending companies.
Citibank is one of the banks that offer a multi-purpose cash loan. To be eligible to apply for it, the applicant must be:
- between 21 to 65 years old
- a Filipino resident or a local resident foreigner with valid Philippine billing address
- having a Tax Payer’s Identification Number (TIN)
Do you want to know how much you can borrow under this loan offer? Here is the maximum loanable amount:
- Maximum Loanable Amount – Php 2,000,000.00
Based on the official website of the bank, in applying for the Citibank Personal Loan, there is no need for a collateral thus no need to present a property. Also, a guarantor is not required in applying for the said loan offer.
For the Filipino applicants, you just have to submit the requirements. Prepare the following:
- One (1) valid government-issued ID bearing a photo and a signature
- For Employed Applicants:
- Latest Income Tax Return (BIR Form 2316) / Latest 1-Month Full Pay Slip
- For Self-Employed Applicants:
- Latest Income Tax Return (BIR Form 1701)
- Audited Financial Statements (AFS) of Business
- Balance Sheets and Tax Receipts
Are you pushing through a Citibank loan application? You may visit – Citibank Personal Loan – How To Apply For Citibank’s Personal Loan Offer.
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.
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