The Citi Flex Loan is a forward thinking product which is obtainable to latest Citibank customers who currently have an active Citi payday loans in New York credit card account. Citi Flex allows skilled consumers simply take a portion regarding mastercard limit and convert it into your own mortgage with a fixed APR that will be paid back in a specific range months. You’ll be able to determine your own personal payment schedule, making use of the optimal repayment phrase 60 months. Longer term loans posses greater rates of interest.
No Program Necessary
The Citi Flex financing techniques is fast and easy. You can easily obtain resources deposited into the banking account in a single to two days. Your don’t need to upload a formal software and Citi doesn’t look at the credit. You are doing need an ongoing Citi cards account in close standing.
Citi inspected their credit and required an application when you unsealed the Citi credit account that you apply to suit your Citi Flex mortgage, so that they don’t require it again. Citi doesn’t cost an origination charge whenever you ask a Citi Flex mortgage.
The reason why Take a Citi Flex Financing?
Citi emphasizes several common purposes for a Citi Flex loan, such as:
These spending maybe covered making use of the mastercard, why take out a Citi Flex mortgage? The main reason is that the Citi Flex mortgage payments are going to have a reduced rate of interest than their charge card interest rate. Your own speed isn’t just lower, however it is a set speed, unlike the mastercard bills. The monthly payment is fixed and it is clear that if you generate a set quantity of costs the Citi Flex balances will be reduced.
Citi lets you choose a payment program which works for you, though discover the absolute minimum they required. Citi will present different alternatives, producing obvious exacltly what the month-to-month Citi Flex repayment are going to be. In addition they make clear that any stability you have got on your own credit card may have its lowest installment responsibility.
Citi Flex Pay
A fascinating Citi Flex element is you can go qualified expenditures once you’ve produced all of them, changing all of them from the standard CitiCard levels to Citi Flex. This is called the Citi Flex Pay plan.Purchases generated in your recent or earlier billing period which are more than $100 is generally included in your Citi Flex arrange. Acquisitions which can be eligible for stepping into Citi Flex are plainly noted in your on-line or Ciit software levels accessibility.
Citi Flex is Part of Their Citi Levels
Your own Citi Flex Loan belongs to the active Citi credit account. How much money you can easily acquire is dependent on your own credit limit on your existing Citi cards membership. Citi in addition decides their eligibility therefore the quantity you can use according to the “creditworthiness alongside issue.” Citi does not specify what that means nevertheless they gain access to your own payment background on their levels, making sure that obviously is but one factor.
The Citi Flex deal and info can look on the same declaration just like you charge card. There was one month-to-month minimum installment needed that handles both the CitiCard and Citi Flex balances. The report can make clear just how much you owe per, however create singular monthly payment.
Essential Citi Flex Information
Before you take advantageous asset of a the Citi Flex choice here some important information.
Minimal you’ll borrow on a Citi Flex financing try $500.
CIti Flex cover enables you to move elligble purhcases over $100 to a fixed price repayment.
No charge tend to be billed for buying to use Citi Flex, though late repayment fees also penalties can use if you don’t help make your fees as agreed.