The Times Australia
News From Asia

.

Citibank Announces 2022 Citi Tax Season Loan

Annualized Percentage Rate as low as 1.78%1


HONG KONG SAR - Media OutReach - 25 October 2022 - Citibank announces the launch of 2022 Citi Tax Season Loan, available for same day approval and same day loan disbursement2.

Selected customers can enjoy Annualized Percentage Rate ("APR") as low as 1.78%1. Upon successful application of 2022 Citi Tax Season Loan during promotion period, customers can enjoy up to HK$10,000 cash coupon reward3.

Features of Citi Tax Season Loan

  • Same day approval and same day loan disbursement2
  • APR as low as 1.78%1
  • Loan amount up to HK$2,000,000 or 12 times of monthly salary, whichever is lower
  • Repayment term up to 60 months4
  • Enjoy up to HK10,000 cash coupon reward3
  • HK$0 handling fee

Eligible customers5 who successfully apply for the Citi Tax Season Loan from today to December 31, 2022 and draw down a specific loan amount with a repayment term of 12 months or above on or before January 14, 2023 can enjoy up to HK$10,000 cash coupon reward3. The higher the loan amount, the more cash coupon rewards there will be. Please refer to the table below for details:

Loan Amount (HK$)
Repayment Term
Cash Coupon Reward (HK$)
Citigold Private Client (CPC)/ Citigold / Citi ULTIMA cardholders6
Other customers
$1,500,000
or above
More than 24 months
$10,000
$4,000
12 to 24 months
$5,000
$2,500
$800,000
to $1,499,999
More than 24 months
$5,000
$3,000
12 to 24 months
$2,500
$2,000
$300,000
to $799,999
More than 24 months
$3,000
$2,000
12 to 24 months
$1,500
$1,000
$100,000
to $299,999
More than 24 months
$1,000
$700
12 to 24 months
$800
$500

Terms and conditions apply. Please visit www.citibank.com.hk/taxloan, Citi Mobile® App, Citibank branches or call 2963 6413 to apply.

To borrow or not to borrow? Borrow only if you can repay!

Remarks:
  1. The Annualized Percentage Rate ("APR") of as low as 1.78% is calculated based on the monthly flat rate 0.080% with loan amount of HK$1,500,000 and repayment tenor of 12 months. APR is calculated based on the guidelines as set out in the Code 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 APR applicable may differ, which is to be considered on a case-by-case basis in accordance with customer's profile. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualized rate.
  2. Same day approval and same day loan disbursement is only applicable to selected customers who successfully submit the required documents together with a filled in application form before 10am of that working day (Monday to Friday). Actual approval and loan disbursement time may differ based on the information provided.
  3. A cash coupon redemption letter (if applicable) will be mailed to the Eligible Customers' Hong Kong correspondence address according to The Bank's record on or before March 31, 2023.Only applicable to customers who do not hold any Personal Loan account offered by Citibank (Hong Kong) Limited at the time of application.
  4. Citi Tax Season Loan's repayment term is from 6 to 60 months.
  5. Citibank Personal Loan account of Eligible Customers must be valid and in good condition without any late payment or early repayment, otherwise The Bank reserves the right to forfeit the eligibility of an Eligible Customer to participate in this promotion and the Eligible Customer shall immediately repay to The Bank full amount of Reward under this promotion.
  6. The Offer for Citigold Private Client/ Citigold Client or Citi ULTIMA cardholder is only applicable to the applicant who fulfill the following requirement from the date of application to the issue date of redemption letter (both dates inclusive):
    - Citigold Private Client should maintain the account balance at HK$8,000,000 or above, Citigold Client should maintain the account balance at HK$1,500,000 or above and Citi ULTIMA cardholder needs to hold the Citi ULTIMA card.
  7. In the event of discrepancy or inconsistency between this English version of the terms and conditions and the Chinese version, the English version shall prevail.

Hashtag: #Citibank

The issuer is solely responsible for the content of this announcement.

Times Magazine

Choosing the Right Legal Aid Lawyer in Sutherland Shire: Key Considerations

Legal aid services play an essential role in ensuring access to justice for all. For people in the Sutherland Shire who may not have the financial means to pay for private legal assistance, legal aid ensures that everyone has access to representa...

Watercolor vs. Oil vs. Digital: Which Medium Fits Your Pet's Personality?

When it comes to immortalizing your pet’s unique personality in art, choosing the right medium is essential. Each artistic medium, whether watercolor, oil, or digital, has distinct qualities that can bring out the spirit of your furry friend in dif...

DIY Is In: How Aussie Parents Are Redefining Birthday Parties

When planning his daughter’s birthday, Rich opted for a DIY approach, inspired by her love for drawing maps and giving clues. Their weekend tradition of hiding treats at home sparked the idea, and with a pirate ship playground already chosen as t...

When Touchscreens Turn Temperamental: What to Do Before You Panic

When your touchscreen starts acting up, ignoring taps, registering phantom touches, or freezing entirely, it can feel like your entire setup is falling apart. Before you rush to replace the device, it’s worth taking a deep breath and exploring what c...

Why Social Media Marketing Matters for Businesses in Australia

Today social media is a big part of daily life. All over Australia people use Facebook, Instagram, TikTok , LinkedIn and Twitter to stay connected, share updates and find new ideas. For businesses this means a great chance to reach new customers and...

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

The Times Features

Benefits of Tree Pruning for a Thriving Australian Garden

Tree pruning is an essential aspect of garden maintenance that often doesn't get the attention it deserves. It's a practice that involves the selective removal of certain parts...

What is psychosocial therapy? And why is the government thinking about adding it to Medicare for kids?

The government is considering new, bulk-billed health checks for three-year-olds, to pick up developmental concerns and refer kids that might need additional support. The de...

Detect Hidden Water Leaks Fast: Don’t Ignore Hot Water System Leaks

Detecting water leaks early is crucial for preventing extensive damage to your home. Among the various parts of a home’s plumbing system, hot water systems are particularly suscept...

Why do hamstring injuries happen so often and how can they be prevented?

In a recent clash against the Melbourne Storm, the Brisbane Broncos endured a nightmare rarely seen in professional sport — three players tore their hamstrings[1] in a single g...

What Is the Australian Government First Home Buyers Scheme About?

For many Australians, buying a first home can feel like a daunting task—especially with rising property prices, tight lending rules, and the challenge of saving for a deposit. ...

How artificial intelligence is reshaping the Australian business loan journey

The 2025 backdrop: money is moving differently If you run a small or medium-sized business in Australia, 2025 feels noticeably different. After two years of stubbornly high bo...