Citibank Savings introduces Citi Auto Secured Loan

PR Log (Press Release) – Jul 02, 2009 – Worrying about not having enough cash to purchase a new house or to expand your business venture?  With Citi Auto Secured Loan, enjoy a three-point advantage with lower interest rates, longer payment terms and cash up to P2 million– just by using your car as security.

The Citi Auto Secured Loan allows you to borrow from P100,000 to P2 million when you use your car as collateral, or up to 70% of your car’s appraised value.  What’s more, Citibank Savings offers you the best deal as it accepts vehicles even up to 6 years old as collateral.

"While we offer generous loan amounts up to P1 million in our regular Citi Personal Loan product, many of our customers are asking for more cash and wanting to enjoy lower rates.  With their car as collateral, we are now ready to give them both.   This new loan product is just one of many we hope to introduce to fully serve the capital needs of our consumers," related Benjamin Oliva, Citibank Savings’ President.

By using your car as security when you apply for an Auto Secured Loan, you also enjoy lower monthly installments that you can pay in flexible payment terms of 24, 36, 48 and even up to 60 months.  The best part is, you get conditional approval of your loan in as fast as 24 hours, so you can easily get access to cash for whatever financial needs you have.


Apart from Citi Auto Secured Loan, Citibank Savings also offers other loan products to cover all your financial needs.  For unexpected expenses or settling tuition, utility or credit card payments immediately, you can apply for a Citi Personal Loan, which offers same-day approval of loans with no collateral, guarantor or co-maker required and lets you enjoy convenient and affordable payment terms of 12, 18, 24, 30, 36 and 48 months.

Companies can also provide financial assistance to employees without using company funds with the Citi Corporate Employee Loan Program, which offers salary loans to employees in affordable payment terms through monthly salary deduction.

To get a Citibank Savings loan, apply online or call Citibank Savings’ Customer Service at 995-1888.  You can also visit www.citibank.com.ph and click on the Citibank Savings link for more information.