The Citi Flex Loan was a forward thinking product which can be found to existing Citibank clients just who curently have a working Citi credit card account. Citi Flex lets expert customers get a percentage of these bank card restrict and transform they into a personal loan with a fixed APR which paid back in a specified few months. You can decide your very own payment schedule, utilizing the maximum payment label 60 months. Long run loans have higher rates.
No Application Necessary
The Citi Flex mortgage processes is quick and easy. You can see funds transferred into your bank account within one to 2 days. Your don’t must publish a formal software and Citi doesn’t look at the credit. You do require a current Citi cards accounts in close waiting.
Citi examined their credit score rating and called for an application when you unwrapped the Citi Card membership that you use for your Citi Flex Loan, so that they don’t want it again. Citi does not cost an origination cost whenever you request a Citi Flex Loan.
Precisely why Grab a Citi Flex Mortgage?
Citi stresses a number of common ways to use a Citi Flex financing, like:
These expenditures might be covered by using the bank card, so just why take out a Citi Flex mortgage? The key reason is the fact that the Citi Flex mortgage repayments have a lowered interest rate than your charge card interest. https://www.loansolution.com/payday-loans-az/ Your price is not just decreased, however it is a hard and fast speed, unlike their charge card balances. The monthly payment is also repaired and it is clear that if you making a collection number of costs your Citi Flex stability would be reduced.
Citi allows you to decide a payment program which works for you, though there was the very least they necessary. Citi can have different choices, producing clear exactly what your month-to-month Citi Flex fees might be. In addition they explain that any stability you have got in your charge card will have a unique minimal repayment responsibility.
Citi Flex Cover
An interesting Citi Flex element is that you could go qualified purchases once you have made them, moving all of them from the typical CitiCard profile to Citi Flex. This can be called the Citi Flex Pay plan.Purchases generated on your existing or past payment cycle that are higher than $100 can be contained in their Citi Flex strategy. Buys that are eligible for moving into Citi Flex are plainly noted on the on the web or Ciit application membership access.
Citi Flex belongs to Your Own Citi Account
Their Citi Flex Loan is part of their active Citi credit account. How much cash it is possible to acquire will be based upon your borrowing limit on your own current Citi cards membership. Citi additionally decides their qualification together with quantity you’ll obtain considering your “creditworthiness and other elements.” Citi does not specify just what this means nonetheless have access to their payment background to their membership, in order that plainly is certainly one element.
The Citi Flex purchase and facts arise on the same declaration as you mastercard. There was one month-to-month minimum fees needed that protects both CitiCard and Citi Flex balances. The declaration renders clear just how much you borrowed for each and every, but you render singular payment.
Vital Citi Flex Facts
Before you take benefit of a the Citi Flex option right here some important information.
Minimal you can borrow against a Citi Flex loan was $500.
CIti Flex cover allows you to push elligble purhcases over $100 to a fixed price repayment.
No fees tend to be charged for selecting to use Citi Flex, though late repayment fees and various other punishment can apply if you do not help make your installment as agreed.