Citibank Rt., a member of Citigroup today announced the launch
of an exceptional promotion for the 5-year HUF 700,000 Citibank
Personal Installment Loan from May 4th until July 31st, 2005. The
interest rate of the promotional package is 18.003%1
for standard loans, while that of the salary transfer loan is 16.003%2.
This means a monthly installment of only HUF17,777 for standard
loans, or HUF 17,024 for salary transfer loans, which are currently
among the best offers in the Hungarian market.
Beyond this promotional package offer, following the domestic market
trends, Citibank Rt. significantly decreased the interest rate of
its HUF-based Citibank Personal Installment Loan as of April 15th,
2005. The reduction represented 2.95% for amounts between HUF 500,000-1,500,000
and for amounts exceeding HUF 1.5 million the interest rate reduction
is 3.95%.
Kitty Vorisek, Consumer Business Manager for Citibank Rt. said:
"Citibank Rt. was the first financial institution in the Hungarian
market to offer free purpose personal installment loans without
a guarantor or real estate collateral in 1996. Since then, we have
continuously developed different promotional offers under a simple
and transparent fee structure to best meet our customers' needs.
By this significant general interest rate cut and promotional offer,
our forint-based personal loans are available at competitive rates,
without any exchange-rate risk, through our branches, sales centers
and nation-wide sales agents network."
The term of the loans is available from 1 and 5 years, and the amount
of the loan - depending on the customer's income and requirements
- can be from HUF 200,000 to HUF 6 million. Annual interest rates
are currently between 16.00% and 27.50%3.
1APR: 21.26% or 22.45%, depending on the method of payment
2APR: 18.86%
3APR: 18.86% - 44.99%
Citibank Loan by Phone Customer Service: 06-40-40-10-40
The APR has been calculated considering the actual terms and the effective
laws; in case of the change of these terms the APR may also change.
The APR does not reflect the interest risk of the credit.
Media Contact:
Eva Hencz, Public Affairs Officer
Tel: +36 1 374-5307, Mobile: +36 30 250-7473, Fax: +36 1 374-5445
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