Debt consolidation Plan

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Izumi8

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deadlockb said:
checked in the evening..i can see the dcp amount on my internet banking.They created a separate acc for the dcp amount. Not sure if this is approval. not received any formal approval letter/call from bank.
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Hi, May I know your Total Loan Amount and Tenor?
What is the EIR ? Monthly need to pay how much?
A very good reference for others who going to apply for Citibank.
 
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Iwanttobehappy

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sneggg said:
I applied actually first day it was launch but they requestedd some additional stuff which I gave late just last week so they called me remind me a few times Than call say this week will know Lor.

But I have since paid off a few cards cause got bonus b I'm actually lesser than 12x now not sure will affect anot lol
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Have u got any reply ?
 
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Ginola81

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Matrix21 said:
i got about 20k to clear but i checked with HSBC and Citibank they only allow Personal Loan of up to 3x/4x of my salary but not enough to reach 20k ?

Any solution guys? I'm like stuck in between nowhere, DCP cannot apply because debt less then 12x and Bank personal loan max can only give 4x of my salary which is not enough to clear all my CC/BT loans
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Hsbc can get loan up to 8x ya salary
 
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Matrix21

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Ginola81 said:
Hsbc can get loan up to 8x ya salary
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Ya the 8x salary i checked with them is only if ur annual income is more than 120k, 4x applies to those below 120k income. i've checked some banks have 6x-8x of your salary but their clause is like the same as below

this is the clause

(B) Loan amount of up to 8 times your monthly income
For Singaporeans and Singapore Permanent Residents with an annual income with at least S$30,000 but less than S$120,000, the total loan amount for HSBC's Personal Loan will be capped at up to four times your monthly income as indicated in the income documents submitted, or an amount HSBC may in its discretion determine. This is subject always to your aggregate maximum credit limit with HSBC for all unsecured facilities, regardless of the number of HSBC credit card(s) and/or Unsecured Loans Facility(ies) you hold or apply for, being no more than four times your monthly income.

Dunno if i should take up 2x Personal Loan from 2 bank with 10k each bank. Do u think i could talk to the bank and ask them to allow me to loan 20k at one go?
 
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Ginola81

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Matrix21 said:
Ya the 8x salary i checked with them is only if ur annual income is more than 120k, 4x applies to those below 120k income
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Get 4x from each bank and clear all. No more spending anymore. Just need to kill all high interest ones. Those 24% ones
 
deadlockb

deadlockb

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Izumi8 said:
Hi, May I know your Total Loan Amount and Tenor?
What is the EIR ? Monthly need to pay how much?
A very good reference for others who going to apply for Citibank.
Click to expand...

i took 5 years loan. Interest 5.79% flat rate. 80K+.
 
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