Same day approval, second day disbursement

HONG KONG, CHINA - Media OutReach - October 10, 2019 - Citibank announces thelaunch today of 2019 Citi Tax Season Loan, available for same day approval andsecond day disbursement¹.  Selectedcustomers can enjoy Annualized Percentage Rate ("APR") as low as 2.01%².Upon successful application of 2019 Citi Tax Season Loan during promotionperiod³, customers can receive up to HK$6,000 cash coupon reward.  

Features of Citi Tax Season Loan：

• Sameday approval, second day disbursement
• APRas low as 2.01%
• Loanamount up to HK$2,000,000 or 12 times of monthly salary, whichever is lower
• Repaymentterm up to 60 months⁴
• Enjoyup to HK6,000 cash coupon reward
• HK$0handling fee

By completing successful application for the2019 Citi Tax Season Loan during October 4, 2019 to December 31, 2019, andcollecting disbursement on or before January 15, 2020, selected customers⁶can receive up to HK$6,000 cash coupon reward. The higher the loan amount, the morethe cash coupon rewards will be.  

1.    Sameday approval, second day disbursement is only applicable to selected customerswho successfully submit the required documents together with a filled inapplication form before noon of that working day. Actual approval time maydiffer based on the information provided.

2.    TheAnnualized Percentage Rate ("APR") of 2.01% is calculated based onthe monthly flat rate 0.09% with loan amount of HK$1,500,000 and repaymenttenor of 12 months. APR is calculated based on the guidelines as set out in theCode of Banking Practice and rounded up to the nearest two decimal places.Interest is calculated on the basis of 365 days per year. The actual APRapplicable may differ. An APR is a reference rate which includes the basicinterest rate and other fees and charges of a product expressed as anannualized rate.

3.    Customerswho successfully apply for Citi Tax Season Loan within the Promotion Period anddrawn down on or before January 15, 2020 with a specific loan amount andrepayment term 12 months or above ("Eligible customers") will be eligible forthe Offer. Only applicable to customers who do not hold any Personal Loanaccount offered by Citibank (Hong Kong) Limited ("The Bank") at the time ofapplication. Thepromotion period ("Promotion Period") is from October 4, 2019 to December 31,2019, both dates inclusive. 

4.    CitiTax Season Loan's repayment term is from 6 to 60 months.

5.    Theexample is for reference only. APR is calculated in accordance with theguidelines set out in the Code of Banking Practice, subject to a 12-month loantenor and loan amounts of HK$1,500,000, HK1,499,999, HK$999,999, andHK$499,999, rounded up to the nearest two decimal places. Interest iscalculated on the basis of 365 days per year. The actual monthly flat rate andAPR are subject to the loan amount and credit assessment result of individualcustomer. AnAPR is a reference rate which includes the basic interest rate and other feesand charges of a product expressed as an annualized rate.

6.    TheReward for Citigold Private Client/ Citigold/ Citi ULTIMA cardholders is onlyapplicable to who fulfill the following requirements:

- existing Citigold Private Client/ CitigoldClient who currently hold Citigold Private Client/ Citigold account or CitiULTIMA cardholders who currently hold Citi ULTIMA card with The Bank on thedate of application; AND

- existing Citigold Private Client shouldmaintain the account balance at HK$8,000,000 or above, while Citigold Clientshould maintain the account balance at HK$1,500,000 or above from the date ofapplication to the issue date of redemption letter.