Citibank Hungary’s New Premium Personal Loan available from a 17.9% interest rate

Citibank Hungary's new Premium Personal Loan offers consumers an outstanding opportunity to realize their financial plans requiring funds from HUF 3 million to HUF 6 million.

Batara Sianturi, Citi Country Officer for Hungary, said: "The key focus in our strategy is to provide our customers with innovative, flexible, secure and convenient products to support their financial goals. We have noted an increasing interest in our personal loans among our customers and target audiences. This demand provides clear evidence that our offerings are highly competitive, and we are gratified that they are addressing various important customer needs."

Jon Wiggins, Citibank Consumer Business Manager, also remarked: "Some of our customers told us that they need more funds in special cases to realize some of their bigger scale plans. We carefully designed this new product to address those customer needs. In our sales process we pay attention to provide this opportunity to customers with stable financial backgrounds who are able to maintain control over their finances. We are committed to continuing to offer outstanding opportunities to our customers."

Citibank Mega Loan key features include:

• Loan amounts from HUF 3 million to HUF 6 million
• Tenure from 30-72 months
• Minimum of HUF300,000 salary transferred to Citibank account with two monthly direct debit instructions set, out of which one has to cover the loan installment payment
• Obligation confirmed in a document signed by a public notary
• Fixed annual interest rate of 17.9 or 19.9 percent depending on the scoring results
• Application can be initiated in Citibank branches, telesales & direct sales channels and online
• Administration fee is 1 percent.