Citibank Ready Credit

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Anytime, Anywhere with Citibank Ready Credit

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Anytime, Anywhere with Citibank Ready Credit

Citibank Ready Credit is a revolving / overdraft loan without collateral in the form of cards that provides funds ready to use anytime, anywhere, at no cost. If you need ready cash for a special need or in emergency situations, a Citibank Ready Credit cash loan can provide the liquidity you require.

You can withdraw cash or transfer the funds at Citibank ATM, BCA ATM and ATM Bersama in Indonesia. This revolving credit feature needs only a minimum monthly payment of 6% of your total utilized loan or Rp50.000,- (whichever is higher) or a fixed installment payment plan of up to 36 months.

Features

ONLY AT CITIBANK READY CREDIT

Use your revolving / overdraft loan and enjoy Citibank Ready Credit flexibility and convenience:

  • Anytime you need, Citibank Ready Credit provides funds without collateral that ready for use at any time.
  • What ever you need, You can withdraw all the funds or partially through Citibank ATM, BCA ATM and Bersama ATM or transfer via Bersama ATM, CitiPhone Banking 24 Hours services and Citibank Online at www.citibank.co.id for FREE.

With Citibank Ready Credit, you can enjoy the privilege using your funds through many access

No Cost*
Ready Cash

With Citibank Ready Credit, you can enjoy the privilege using your funds through many access

Cash Withdrawal

  • You can withdraw the fund through ATM Citibank, ATM Bersama & ATM BCA.
  • For overseas withdrawal the fund can be accessed at all ATM with PLUS logo.

Fund Transfer

is the facility that being provided for Customer to be able to do transfer via CitiPhone Banking 24 Hours, Citibank Online, Citibank ATM or Bersama ATM.

ATM Citibank ATM Bersama ATM BCA Citibank Online CitiPhone
Cash withdrawal
Balance enquiry
Transfer to Citibank account
Transfer to other bank account
Flexible

You can choose your payment method whether using Fixed Installment with tenor of up to 36 months or minimum payment of 6%, or paid partially, or you can choose to make a full payment of your Ready Credit. Without any charge

Minimum payment of 6%

At any amount of funds you use, your minimum payment required is only 6% of the total used funds which calculated using the effective interest rates 0.11% per day.

Fixed Installment

You can enjoy the facilities with low interest installment up to 36 months

Citibank Ready Credit have 2 (two) type of Fixed Installment facilities:

  • Ready Credit Installment Plan (RCIP) is the fixed installment plan where all the funds will be transferred to your saving account
  • Ready Credit Conversion (RCC) is the fixed installment facility to change the cash withdrawal that has been made into fixed installment in the current month.

Call CitiPhone Banking 24 Hours to activate this service.

Early payment for fixed installment before maturity

For Early Payment of Ready Credit installment facility ,before the maturity date of the loan facility, Customer will be charged a fee of 5% of the outstanding loan amount along with daily interest charged. Information on Early Payment can be seen in the Terms and Conditions section.

Type of Ready Credit Cards

Type of cards Approved Credit limit Effective revolving interest rates/year Fixed interest rates Annual fee
Ready Credit
Citibank Ready Credit
10 mio - 200 mio 39.50% Tenor of 12 & 18 months: 1.68% flat/month (equivalent to effective interest rate of up to 2.95%month)
Tenor of 24, 30 & 36 months: 1.59% flat/month (equivalent to effective interest rate of up to 2.77%/month)
FREE

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Benefits
  1. Low Interest Rates
    Get attractive interest rates for Money Transfer facility or fixed installment at the time of fill in the application
  2. Instalment with Low Interest Rates
    You can enjoy Fixed Installment facility with low interest rates.
  3. Evergreen Facility
    Unlike the usual KTA, with Citibank Ready Credit you will get credit limit that automatically top up to your Citibank Ready Credit after your payment is received, and you can do the cash withdrawal again.
  4. Easy Payment Methods
    Through Citibank ATM, ATM Bank Partners, Post Office, or direct debit from your Citibank account.
  5. Electronic Billing statement
    You will receive transactions details and the total billings of Citibank Ready Credit via email.

Comparison illustration Citibank Ready Credit with Personal Loan

Personal Loan Citibank Ready Credit
Administration fee 3% FREE
Fixed installment only Minimum payment of 6% from total outstanding loan, fixed installment & combination of both
Only 1 time utilization Credit limit can be replenished
N/a Free transfer& cash withdrawal via ATM, Citibank Online, CitiPhone Banking 24 Hours
N/a Billing statement with detail transactions

Comparison illustration Citibank Ready Credit with Credit Card

Credit Card Citibank Ready Credit
Annual fee starting from IDR225,000 FREE
Administration fee 6% from cash withdrawal FREE
Interest rates 35.4% per year Interest rates 39.5 % per year
Minimum payment 10% from total outstanding loan Minimum payment 6% from total outstanding loan

Comparison illustration Citibank Ready Credit with Credit Card

Card Type Cash Withdrawal (IDR) Period Interest Administration fee Total Fee (IDR)
Credit Card 10,000,000 1 month 35.4 % / year ( Principle x Interest x number of days ) / 365

( 10 milion x 35.4% x 30 ) / 365 = 290,958.90
6% / Cash withdrawal principle x Cash Advance Fee 10 million x 6% = 600,000 890,958.90
Citibank Ready Credit 10,000,000 1 month 39.5% / year (Principle x Interest x number of days) / 360

( 10 million x 39.5% x 30 ) / 360 = 329,166.67
FREE 329,166.67
2,7 X Lesser Compared to Credit Cards

- Cash withdrawal through Citibank ATM, Bersama ATM & BCA ATM
Transfer can be made through Citibank ATM & Bersama ATM.

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Interest Calculator

Calculate interest from cash advance / fund transfer

  • Cash advance amount / Fund transfer amount
  • Interest rate p.a.
  • Transaction date
  • Payment date
  • Interest per day

    IDR0
  • Number of days

    0

  • Total interest

    IDR0
Special Offers

Apply your Citibank Ready Credit now & enjoy special offers:

Flat Interest rates 1.15% /month (equivalent to effective interest rate of 2.01% -2.06% per month, depending upon the installment tenor) applicable for fund transfer with valid income document

To get flat interest rates 1.15%/month (equivalent to effective interest rate of 2.01% -2.06% per month, depending upon the installment tenor):

  • Submitt income document under the applicant name (Salary Slip Carbonize Type A or B / Electronics Salary Slip / Bank account 3 (three) months / SPT) with income above IDR60 million / year.
  • Without submitting the above documents, you will get a 1.40% flat ineterest rates / month (equivalent to effective interest rate of 2.16%-2.48% per month , depending upon the installment tenor).
  • Applicable only for 1 (one) time submission, which at the time of filing the application. The next transaction will be charged using regular interest.
Flat interest rates 1.40% flat interest rate/month (equivalent to effective interest rate of 2.16%-2.48% per month , depending upon the installment tenor) with the registration of the funds transfer facility

Customers will get 1.40% flat interest rate/month (equivalent to effective interest rate of 2.16%-2.48% per month , depending upon the installment tenor) at the time of the application submission.

*Terms and Conditions applied

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How to apply

Condition

  • Indonesian Citizen
  • Age 21 – 65 years
  • Minimum income/year IDR60,000,000
  • Complete fill in the application and return by submitting below documents and other documents, if necessary:
    • KTP/Passport
    • Credit Card with minimum limit IDR10,000,000
    • Salary slip carbonize Type A or B / electronic salary slip / saving account statement the last 3 (three) months/ SPT
    • NPWP

Submitted Copy of Credit Card

Documents Employee Max limit 100 million Profesional Max limit 50 million Entepreneur Max limit 50 million
KTP/Passport
Copy of Credit Card
NPWP

Without copy of Credit Card / If the desired credit limit: Employees (≥ 100 M), Professionals & Entrepreneurs (≥ 50 Million)

Documents Employee Professional Enterpreneur
Copy of KTP/Passport
Copy of SIUP/TDP/SIP, Adjustments certificate and saving account statement for the last 3 (three) months / SPT  
Copy of salary slip carbonize type A or B/ Electronic Salary slip/Saving account statement the last 3 (theree) months/ SPT
Copy of NPWP

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Facility

Revolving / Overdraft Loan

Your Citibank Ready Credit limit will be automatically top up after your payment is received, and you can do the cash withdrawal again. Ilustrations:

Illustration on Revolving loan Citibank Ready Credit

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