Read The Times Australia

Daily Bulletin

Citibank Announces 2023 Citi Tax Season Loan Annualized Percentage Rate as low as 1.78% [1]

HONG KONG SAR - Media OutReach - 9 November 2023 - Citibank announces the launch of 2023 Citi Tax Season Loan, available for same day approval and same day loan disbursement [2].

Selected customers can enjoy Annualized Percentage Rate ("APR") as low as 1.78% [1]. Upon successful application of 2023 Citi Tax Season Loan during promotion period, customers can enjoy up to HK$8,000 cash coupon reward [3].

Features of Citi Tax Season Loan:

  • Same day approval and same day loan disbursement [2]
  • APR as low as 1.78% [1]
  • Loan amount up to HK$3,500,000 or 12 times of monthly salary, whichever is lower
  • Repayment term up to 60 months [4]
  • Enjoy up to HK8,000 cash coupon reward [3]
  • HK$0 handling fee
Eligible customers [5]who successfully apply for the Citi Tax Season Loan from today to December 31, 2023 and drawdown a specific loan amount with a repayment term of 12 months or above on or before January 14, 2024 can enjoy up to HK$8,000 cash coupon reward [3]. The higher the loan amount, the more cash coupon rewards there will be. Please refer to the table below for details:

Loan Amount (HK$)
Repayment Term
Cash Coupon Reward (HK$)
Citigold Private Client (CPC)/ Citigold / Citi ULTIMA cardholders [6]
Other customers
$1,500,000
or above
24 months above
$8,000
$4,000
12 to 24 months
$4,000
$2,000
$800,000
to $1,499,999
24 months above
$4,000
$2,500
12 to 24 months
$2,500
$1,500
$400,000
to $799,999
24 months above
$2,000
$1,500
12 to 24 months
$1,500
$1,000
$100,000
to $399,999
24 months above
$700
$600
12 to 24 months
$500
$400

Terms and conditions of Citi Tax Season Loan apply. Please visit www.citibank.com.hk/taxloan , Citi Mobile® App, Citibank branches or call 2963 6413 to apply.

In additional to the tax loan offer, Citibank also launches 'Pay tax and get up to HK$500 Spending Rebate Promotion'. Customers can enjoy up to HK$500 rebate by paying tax through Citi PayAll or Citi Online Banking with designated Citi Credit Cards [7] to reach designated tax payment amount [8]and accumulating retail spending of HK$3,000[9] from November 1, 2023 to February 29, 2024.

Accumulated tax payment amount
via Citi PayAll or Citi Online Banking (HK$)
Rebate entitled (HK$)
$50,001 - $100,000
$100
$100,001 - $200,000
$250
> $200,000
$500

'Pay tax and get up to HK$500 Spending Rebate Promotion' is subject to relevant terms and conditions. For details and registration, please visit: citibank.hk/pay-tax23.

To borrow or not to borrow? Borrow only if you can repay!

Terms and conditions:

[1] The Annualized Percentage Rate ("APR") of as low as 1.78% is calculated based on the monthly flat rate 0.080% with loan amount of HK$1,500,000 and repayment tenor of 12 months. APR is calculated based on the guidelines as set out in the Code of Banking Practice and rounded up to the nearest two decimal places. Interest is calculated on the basis of 365 days per year. The actual APR applicable may differ, which is to be considered on a case-by-case basis in accordance with customer's profile. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualized rate.

[2] Same day approval and same day loan disbursement is only applicable to selected customers who successfully submit the required documents together with a filled in application form before 10am of that working day (Monday to Friday). Actual approval and loan disbursement time may differ based on the information provided.

[3] A cash coupon redemption letter (if applicable) will be mailed to the Eligible Customers' Hong Kong correspondence address according to The Bank's record on or before March 31, 2024.Only applicable to customers who do not hold any Personal Loan account offered by Citibank (Hong Kong) Limited at the time of application.

[4] Citi Tax Season Loan's repayment term is from 6 to 60 months.

[5] Citibank Personal Loan account of Eligible Customers must be valid and in good condition without any late payment or early repayment, otherwise The Bank reserves the right to forfeit the eligibility of an Eligible Customer to participate in this promotion and the Eligible Customer shall immediately repay to The Bank full amount of Reward under this promotion.

[6] The Offer for Citigold Private Client/ Citigold Client or Citi ULTIMA cardholder is only applicable to the applicant who fulfill the following requirement from the date of application to the issue date of redemption letter (both dates inclusive):

- Citigold Private Client should maintain the account balance at HK$8,000,000 or above, Citigold Client should maintain the account balance at HK$1,500,000 or above and Citi ULTIMA cardholder needs to hold the Citi ULTIMA card.

[7] Designated Citi Credit Cards include Citi Prestige Card, Citi PremierMiles Card, Citi Cash Back Card, Citi The Club Credit Card, Citi Rewards Card, Citi Rewards UnionPay Card, Citi HKTVmall Card, Citi Octopus Card, Citi Plus® Credit Card and Citi Clear Card. Citi PayAll is not applicable to Citi Rewards UnionPay Card.

[8] This Promotion is only applicable to the Eligible Retail Transactions and the payment of Salaries Tax for the 2022/2023 tax year made with any Eligible Card accounts during the Promotion Period ("Tax Payment"). Payments for Tax Reserve Certificates, Business Registration or Stamp Duty are not applicable.

[9] For definitions of Eligible Retail Transactions and Ineligible retail transactions, please refer to citibank.hk/pay-tax23

[10] In the event of discrepancy or inconsistency between this English version of the terms and conditions and the Chinese version, the English version shall prevail.

Hashtag: #花旗銀行

The issuer is solely responsible for the content of this announcement.

Business News

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

Australian organisations are relying on business continuity plans built for a far more predictable world

Tariff escalations, supply chain fragility, geopolitical events, and the ongoing threat of cyber disruption have reshaped the risk environment facing Australian organisations. The problem is that ma...

Daily Bulletin - avatar Daily Bulletin

How to Rent a Car for Uber in Melbourne: What Every New Driver Needs to Know

Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How Labour Gaps Delay Residential Building Projects

A residential build rarely stalls because of one dramatic event. More often it stalls because the ri...

Reducing Sales Content Management Complexity Through Structured Systems

Sales content can quickly become difficult to manage as a business grows. Product descriptions, pitc...

Stainless Steel Supplier: Finding the Right Materials for Your Project

Why the Choice of Supplier Matters The supplier you choose can affect the quality and progress of...

What Luxury Watches Actually Hold Their Value in 2026 (Spoiler: It's Not What You'd Guess)

Ask ten people which watches are a "good investment" and you'll get ten confident answers, most of...

Suburb by Suburb, How Sydney’s Housing Styles Shape Bathroom Renovation Choices

Sydney is not one city when it comes to renovating a bathroom, it is about a dozen different ones ...

Breaking Into Sales and Customer Service Jobs in Tucson: What You Need to Know

Tucson, Arizona has quietly become one of the Southwest's most dynamic job markets, particularly f...

How to Transform Your Daily Work Ute Into a Weekend Touring Rig

In 2025, Australians purchased a record 1.24 million new vehicles, with the Ford Ranger and Toyota...

Why Dental Tourism in Mumbai is the Smart Choice

Dental tourism in Mumbai is gaining more attention in recent times. Mumbai is not only the financi...

South African Consular Services Expand to Six Australian Cities

South Africans living in Adelaide, Brisbane and Canberra will now be able to access passport, identi...