Citibank Debt consolidation loans.
Citibank also offers a loan program that can be used to meet the various wide ranging needs of their customers. Many people use it to consolidate debts and to pay off older bills, and the interest rate can be as low as ten percent.
While Citigroup, still often called Citibank, does offer a variety of loan programs for customers to choose from if they need a car, mortgage, or other service, unfortunately they only offer one type of unsecured debt consolidation loan product. So in some ways your options are limited and be sure to explore the terms closely.
The bank refers to this as an unsecured personal loan. According to the terms of the loan from Citibank, you can use the money from this product to pay for any of your expenses and financial obligations. Customers do have some flexibility as to what they can do with the funds. They can use the unsecured personal loan to pay off bills or consolidate any of your other credit card debts, regardless of who the creditor is.
How do I apply for a Citibank Debt Consolidation loan?
There are some conditions to this product, as not everyone qualifies for this unsecured debt consolidation loan. Customers will usually need to meet certain income standards and have a minimum credit score. It is very easy to apply for the debt consolidation loan from Citibank. You can apply thru a third party debt or credit counseling company, in person at a local Citibank Financial Center, over the phone with a customer service representative, or online at Citibank s Website. The application process is fairly simple and quick. If Citigroup approves you for the loan, you can have the funds in your hands in just a few days. In order to complete the application process and receive the loan, you do have to sign and return the deal terms to Citibank in which you are stating that you agree to the terms of the loan, interest rates and repayment schedule. As soon as you receive your funds, you can immediately begin to use the money to improve your overall financial condition. Families use the money to pay their bills, many will pay off all of your other credit card debts, and consolidate your credit cards. Dial Citi at 1-800-374-9700.
What are the Citibank debt consolidation loan terms?
While the exact details will depend on your personal financial situation, including such factors as your credit score, you can currently receive a Citibank debt consolidation loan with an interest rate as low as 10%. However terms are always changing and some customers are provided an even lower interest rate. That is much better than what many people are currently paying on their credit cards. Also, the maximum loan may be for $50,000, and the payment terms can be anywhere from 3-5 years. Dial 1-800-995-2274 to learn more.
What are the pros to this offer?
In addition, you will only need to pay one bill every month instead of making multiple payments to various creditors and card companies every month. Another big pro is that Citibank offers customers a flexible repayment schedule along with fixed monthly payments, so you have repayment options. You may even choose to have your monthly payments automatically debited from your Citibank deposit or bank account to simplify things even more. Last, but not least, there is no application fee to apply for a Citibank debt consolidation loan. Find other Citi debt assistance programs.