Relief Plan and COVID-19 Insurance Coverage

Your well-being is of utmost importance to us at Citi. Amid ongoing concerns around COVID-19 or other difficulties, Citi is closely monitoring the evolving situation and has taken a number of precautionary measures to protect our clients and colleagues. As a valued Citi customer, we are here by your side to support you through this time and provide you with peace of mind with the following relief measures and initiatives.

Restructuring Repayment Plan (“Relief Plan”) for Citibank Credit Card and/or Ready Credit customers

Our Relief Plan allows eligible existing clients to restructure their unsecured facilities to a term loan of up to 5 years with a lower interest rate, repayable on a monthly basis, subject to approval.

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Restructuring Repayment Plan (“Relief Plan”) for Property Loans

Our existing Citi Home Loan customers may apply for alternative payments options for their existing secured credit facilities. This include long term and short term options such as a reduction in interest, principal, addition of a co-borrower or tenor extension as may be suitable. This application will be reviewed on a case by case basis, subject to the bank’s approval.

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Complimentary insurance coverage against COVID-19 from AIA

AIA is offering eligible clients complimentary insurance that covers S$1,000 hospitalisation income and S$25,000 death benefit against COVID-19 from now till 31 December 2021 or 30 days after the Disease Outbreak Response System Condition (DORSCON) level has officially stepped down to green – whichever is earlier. T&Cs apply. All eligible clients will automatically benefit from this free coverage. No action required.

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Terms and Conditions

Please refer to full disclaimers and terms and conditions applicable to relevant products and services.

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Options	Current Monthly installment	Monthly installment during Deferment Period	Monthly installment after Deferment Period	Total Interest accrued/ paid over the Deferment Period	Total Interest payable for the remaining loan tenure without Deferment [A]	Total Interest payable for the remaining loan tenure with Deferment [B]	Additional Interest payable due to Deferment [B] – [A]
1. Defer Principal + Interest Repayment with no tenure extension	S$6,298	S$0	S$6,630	S$11,334	S$133,618	S$140,260	S$6,642
2. Defer Principal-Only Repayment with no tenure extension	S$6,298	S$1,417	S$6,556	S$11,334	S$133,618	S$138,815	S$5,198
3. Defer Principal + Interest Repayment with tenure extension of 8 months	S$6,298	S$0	S$6,370	S$11,334	S$133,618	S$146,465	S$12,848
4. Defer Principal-Only Repayment with tenure extension of 8 months	S$6,298	S$1,417	S$6,298	S$11,334	S$133,618	S$144,951	S$11,334