The Citi Flex Loan is an innovative product that can be acquired to existing Citibank clientele exactly who actually have an active Citi charge card account. Citi Flex allows competent people simply take a percentage of their mastercard limitation and change they into a personal mortgage with a set APR that is repaid in a specified amount of months. You can select your own personal repayment timeline, together with the maximum repayment phrase 60 period. Longer term financing need greater rates of interest.
No Application Necessary
The Citi Flex mortgage processes is fast and simple. It is possible to receive resources transferred into the bank account in one to 2 days. You don’t should upload an official software and Citi does not check your credit. You are doing want a current Citi cards membership in close waiting.
Citi inspected your credit and necessary a software as soon as you launched the Citi cards membership which you use to suit your Citi Flex financing, so they really don’t want it once more. Citi does not charge an origination cost whenever you inquire a Citi Flex Loan.
Exactly why Need a Citi Flex Loan?
Citi stresses a number of common uses for a Citi Flex mortgage, including:
These expenditures could possibly be covered simply by using the bank card, why remove a Citi Flex financing? The key reason is the fact that the Citi Flex financing payments may have a diminished rate of interest than their credit card rate of interest. The rates is not only decrease, but it’s a fixed price, unlike their charge card scales. The payment per month can also be repaired and it is clear that in the event that you create a set number of money your Citi Flex stability can be repaid.
Citi allows you to pick a payment arrange which works for you, though there clearly was at least they called for. Citi will present different alternatives, producing obvious exacltly what the month-to-month Citi Flex cost are. They also explain that any balance you may have on the mastercard may have its very own lowest cost duty.
Citi Flex Pay
An appealing Citi Flex ability is you can move qualified expenditures after you have generated them, moving them from the regular CitiCard account to Citi Flex. This can be known as Citi Flex Pay plan.Purchases made on your existing or past billing cycle which are more than $100 can be a part of your own Citi Flex plan. Shopping that are entitled to getting into Citi Flex become clearly marked on your on line or Ciit app levels accessibility.
Citi Flex belongs to Your Own Citi Profile
Your own Citi Flex mortgage belongs to the productive Citi cards profile. The amount of money possible borrow is dependant on your own borrowing limit on your established Citi credit account. Citi in addition identifies your own qualification therefore the levels you’ll be able to borrow according to the “creditworthiness alongside elements.” Citi doesn’t establish just what meaning even so they gain access to their installment records to their membership, making sure that obviously is just one element.
The Citi Flex purchase and records can look for a passing fancy report while you mastercard. There can be one month-to-month minimal payment needed that handles both the CitiCard and Citi Flex bills. The declaration produces obvious simply how much you borrowed from for every, however make only one payment.
Vital Citi Flex Details
Before you take advantage of a the Citi Flex option MS payday loans right here some vital details.
The minimum you can easily borrow on a Citi Flex financing are $500.
CIti Flex wages lets you go elligble purhcases over $100 to a fixed rate repayment.
No charges are charged for selecting to use Citi Flex, though belated payment charge and other penalties can apply unless you create your installment as agreed.