Summary
SpeedCollect Card helps the member companies to promptly collect accounts receivable,
and it provides efficient B2B settlement service by improving the settlement systems such as bill clearing and payment in cash.
| Loan extended to | Corporate customers/sole proprietorship |
| Loan amount | Within the fund amount needed |
| Repayment method | Lump-sum/installment repayment |
| Default clause | As stipulated in the Card Agreement of each client and the General Terms and Conditions on Credit |
| Tenor | Determined depending on purpose of fund usage, repayment capability and revenue |
| Interest rate | Interest rate is determined considering cost of credit, operating cost and other costs. There are fixed rate and floating rate. In principle, once the fixed rate is set, it does not change until the maturity date. Meanwhile, the floating rate changes as market rate or bank rate goes up and down. For more information, please refer to the agreement. (As for specific interest rate, please contact your Citibank branch.) |
| Collateral | Determined in the process of credit evaluation |
| Relevant fees | Credit evaluation fee: branch evaluation \35,000, HQ evaluation \70,000 and other fees as set in the CKI fee guideline |
The above-mentioned description is valid until the notice on the closure of product sale is made.
Transaction Flow
Benefits
- - Selection of settlmenet date & various payment methods including installment/interest-free installment repayment Convenient business process through corporate Internet banking service
For more information
- - Please contact your Citibank branches for more details of the product.
