• Citibank Home Improvement Loan

    About Citibank

    The International Banking Corporation opened Citibank Philippines in Manila, in the year 1902 as a predecessor to Citibank. Citibank Philippines is, as of today, the largest commercial bank in the Philippines. One of the largest investments ever made by Citibank Philippines is Bonaficio Global City’s site building in Taguig City.

    Citibank is also the first ever bank in the Philippines to offer wealth management services. Apart from providing its clients with the best credit cards, loan facilities, investment options and deposit accounts, Citibank also provides its clients with unique wealth management schemes that helps in their overall financial development.

    CitiGroup Philippines has about six branches in Metro Cebu and Metro Manila and over 4200 employees.

    Citibank Home Improvement Loan

    Citibank always has its doors open for you for every requirement you might have for your home. From purchasing new furniture and appliances, building the extra room you require, renovating and improving your kitchen, Citibank can provide for all your needs. Based on your needs, you can choose from the two options mentioned below and get your house improved the way you want.

    Citi Personal Loan

    The Citi Personal Loan option is your best bet if you need cash immediately. With this loan, you can get cash up to Php 2 Million, without any collateral at very low monthly amortizations that can be repaid over a period of 5 years.

    This loan is perfect for you if you prefer and like fixed monthly payments and have a one-time need. The need could be down payment for a house or improving your house.

    Eligibility to avail a Citi Personal Loan

    Age 21 years to 65 years of age
    Minimum Gross Annual Income Php 250,000
    Citizenship The applicant must be a Filipino resident or a local resident foreigner with a valid billing address in the Philippines
    Others The applicant must possess a credit card from Citibank or any other bank.

    Documentation Requirements

    The mandate documents that need to be submitted while applying for a Citi Personal Loan are:

    1. A fully completed and signed application form.
    2. Latest 3 months payslips or ITR or BIR 2316.
    3. Any 2 valid photo ID proofs issued by the Government. These could be SSS Photo Card, TIN Photo Card, Passport, GSIS e-Card or the Driver’s License and must be signed or self attested before submission.
    4. A copy of the front side of any already existing credit card. This credit card must be active for the last six months if it is a Cit Card and must be active for at least a year if it is a credit card from any other bank.

    Citi Ready Credit Line

    The Citi Ready Credit Line facility is a standby credit line facility. You can get cash from this credit line instantly so that you can take the best advantage of business opportunities and always be ready for emergencies and fund more than one need at a time. With this facility, you receive a credit line of up to Php 2 Million for which there is no annual fees and no collateral required. You have the option of withdrawing cash multiple times in the form of a cash advance or an installment loan and is your best bet if you have more than one or two financial needs to take care of, need standby cash for family emergencies and opportunistic business situations and the need to juggle between the ups and downs of cash inflow.

    Eligibility to avail a Citi Ready Credit Line

    Age 21 years to 65 years of age
    Minimum Gross Annual Income Php 360,000
    Citizenship The applicant must be a Filipino resident or a local resident foreigner with a valid billing address in the Philippines.
    Others The applicant must have a credit card from Citibank or any other bank.

    Documentation Requirements

    The mandate documents that need to be submitted while applying for a Citi Ready Credit Line are:

    1. A fully completed and signed application form.
    2. Latest 3 months payslips or ITR or BIR 2316.
    3. Any 2 valid photo ID proofs issued by the Government. These could be SSS Photo Card, TIN Photo Card, Passport, GSIS e-Card or the Driver’s License and must be signed or self attested before submission.
    4. A copy of the front side of any already existing credit card. This credit card must be active for the last six months if it is a Citi Card and must be active for at least a year if it is a credit card from any other bank.

    Tips to avail the best deal on your home improvement loan:

    1. Always research before you go in for a loan. Knowing all the options available helps in making the best choice for a loan.
    2. Compare all your options on a site such as www.bankbazaar.ph. This place is a one stop solution to all your financial requirements.
    3. Think twice on the amount that you need to borrow. Don’t borrow in excess of what you need just because you are eligible to receive it.
    4. Ensure that you are completely honest in the information that you provide as well as in the documentation that you present while applying for the loan. Unlike popular belief, all these documents and information is thoroughly verified before your request for the loan is approved.
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