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Apply NowCitibank is one of Singapore’s most prominent banks with an impressive net worth of $4.1+ billion (according to its recent 2021 yearly statement). It promotes a collection of financial services including personal loans. The bank’s Citibank Quick Cash loan provides borrowers with fixed installment options within 60 months. Coupled with their affordable annual and effective interest rate (EIR). Citibank Quick Cash offers many favorable features.
Recently, their promoted interest rates begin at 3.45%, with an EIR of 6.5%. Since many interest rate charges are customized based on client profiles, the Citi Quick Cash rates on offer could be distinct, subject to certain conditions.
As a potential customer, you must learn about the benefits and drawbacks of requesting a Citi Quick Cash personal loan before making any purchase decision.
Citibank’s Quick Cash loan is an excellent financing option for borrowers seeking short-term financing options. The effective interest rates for loans of 1 to 3 years (from 6.5%), making it a competitive alternative for short-term financing requirements. Furthermore, Citibank’s minimum loan amount of S$1,000 is lower than other banks that tend to require minimum loan amounts of S$5,000
Unlike other banks, Citibank does not charge any working or introductory yearly fees. So you don’t have to pay any additional charge except if you delay payments.. In such cases, penalty payments will occur.
Citibank’s Quick Cash loan used to feature some expensive long-term rates. Although, they have promoted some of the lowest fees for 4 to 5 year long loans at a rate of 4.6-4.8%. A 6.5% EIR for all of their loans makes this loan comparatively lower then HSBC’s (7% EIR).
All banks listed below are authorized financial institutions operating under MAS supervision and regulation. They comply with stringent banking standards, consumer protection guidelines and fair lending practices established by MAS. Bank loans typically offer lower interest rates compared to licensed moneylenders and are suitable for borrowers with good credit history.
*Today's Moneylenders Rates - 6 January 2026
HSBC charges a 2.5% early repayment fee and a $75 late fee. Both fees are comparable to those charged by other banks. To avoid accruing unnecessary fees, we recommend repaying any loan in due time.
| Loan Duration | AIR | Fee | EIR | Total Cost | Monthly Payment |
| 1 Year | 3.45% | $0 | 6.50% | S$10,345 | S$862 |
| 2 Year | 3.45% | $0 | 6.50% | S$10,690 | S$445 |
| 3 Year | 3.45% | $0 | 6.50% | S$11,035 | S$307 |
| 4 Year | 3.45% | $0 | 6.50% | S$11,380 | S$237 |
| 5 Year | 3.45% | $0 | 6.50% | S$11,725 | S$195 |
According to the benchmark by other banks, applicants must be between 21 and 65 years old. Singaporeans, Permanent residents (PR), or foreigners with a valid Singapore work permit, are qualified to apply for a Citi Quick Cash loan.
Applicants require a basic annual salary of $30,000 for Singaporeans and Permanent residents and $42,000 for foreigners to qualify. Thus, citizens and PRs receiving above S$25,000 will appreciate Citi Quick Cash personal loan as a favorable alternative.
Note that only new to bank customers are qualified for this financial product. So new to bank clients with registered SingPass can start the process with MyInfo. The bank will remit a copy of clients NRIC (front and back), their recent computerized income statement, or their latest 12 months’ CPF Contribution History Account for the Citi Quick Cash private loan request.
S$150 cash reward with min. loan amount of S$15,000. T&C’s apply
Visit the ROSHI marketplace and click on the Citibank site link.
With SingPass MyInfo, Citibank will obtain your valid information including your financial statement, and reduce the application process. The prospective approval page will be displayed after remitting your MyInfo.
As per any application process, credentials are required to receive approval. These documents are:
On approval, your cash will be disbursed within 15 minutes (business day)
New to bank customers can enjoy reasonable interest rates from as low as 3.45% p.a. (EIR 6.5%)
Existing Citibank customers can receive their cash within 24 hours
Customize your credit card limit and enjoy connected benefits
The mobile app has a simplified application process
Yearly minimum income of $30,000 for Singapore citizens and PRs.
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