City bank founded in 1820 has its head quarters in New York. It is a subsidiary of City Group which is a major financial services company. They offer various types of loans. One of the best known Citibank personal loans is their pay day loans. When you need immediate cash due to any urgent matter, you could ask for a loan of this type. Though for a normal loan you need to fax various documents, for loans of this type, you never need anything of the sort. The only thing you need to realize is that you are required to pay back the entire loan on your next pay day.
Normally, banks do a credit check before any loan is approved but for pay day loans Citibank never looks at the applicant’s credit rating. Therefore, even those who don’t have a good credit rating could apply for these loans. The good thing with these Citibank personal loans is that you get instant approval and you have the possibility to get up to $1500. It is quite normal for you to receive your money in just one day. You never need to go to the bank to get these loans. They are applied for and approved online.
Benefits of getting Citibank Payday loans
- Payday loans are the quickest Citibank personal loans when you consider the speed of approval and payment of your loan. They normally take just 24 hours. Though some banks limit the amount to lower levels, Citibank pays up to $1,500.
- Their website is guaranteed to be secure. Therefore, the safety of your personal information is guaranteed.
- The quick approval and the quick transfer of funds is another advantage. Once the approval is granted to your loan application, the money will be credited to your account in a few minutes.
- Since Citibank guarantees that your personal information will not be given to any third party, you could be confident that no third party will come to know your personal information such as telephone numbers and email addresses.
- Citibank will never look at your credit rating. No matter whether you have good credit or bad credit, you will get your cash advance.
How to Apply for Citibank Payday loans
Applying for Citibank personal loans could not be easier. You only need to go to their website and the application form is prominently displayed. It is a relatively short form that is easy to fill. You only need to fill a few details. Once the form is filled, you need to submit it. As the approval is instant you could get the money very quickly.
The importance of these loans is that you will get immediate cash. In case your car battery was found dead in the morning and if you have no money in the bank, this loan will be a godsend for you. One thing you need to remember when you take payday loans is to take only a sum you could manage to pay in one salary. If you take more than that you may need to take another loan to tide over the next month.