How to Apply for a Citibank Mortgage?

Dec 9, 2023 | Business

A mortgage loan is a type of secured loan you can apply for when you want to purchase a home or property but do not have sufficient funds to pay for it upfront. Citibank offers multiple mortgage options to cater to your diverse mortgage-related requirements. You can explore these options and apply for mortgage loans from Citibank to enjoy a host of benefits, such as competitive interest rates and faster repayment options.

Keep reading to find out how to apply for a Citibank mortgage loan and experience a seamless loan disbursal process.

Steps to Apply for a Citibank Mortgage

Here are the steps to apply for a Citibank Mortgage:

Step 1: Submit an online enquiry

First, you need to submit the online enquiry form. Upon submission of the form, Citibank’s mortgage sales manager will contact you within 1 business day to learn more about your query.

Step 2: Loan application

Next, you need to fill up the mortgage application form and submit the required documents to Citibank to initiate the mortgage process.

Step 3: Property valuation

Upon receipt of the mortgage loan application, Citibank will arrange for a valuation of the property you wish to purchase.

Step 4: Loan assessment

Next, Citibank will assess the property valuation result, along with your repayment ability, and prepare your mortgage terms accordingly.

Step 5: Loan approval, disbursement and repayment

Upon successful approval of your mortgage, Citibank will then initiate the following steps:

  • The confirmation letter with the mortgage is signed, and then Citibank sends the instruction letter to the corresponding solicitor firm to prepare the mortgage deeds.
  • Once the signing of the necessary contracts is completed, the solicitor firm notifies Citibank.
  • Citibank then transfers the approved mortgage amount to the seller’s solicitor firm to complete the transaction.
  • Finally, Citibank will share a copy of the repayment schedule with you. The repayment schedule will contain information on loan details such as monthly instalments, interest and the outstanding balance.

Final Thoughts

Before applying for a Citibank mortgage , you can check your eligibility criteria and use various tools, such as the Online Property Valuation tool and the Mortgage Calculator. The Online Property Valuation tool offers up-to-date market and mortgage information when you enter the desired property details so you can know your property’s approximate value. The Mortgage Calculator helps you get an estimate of your monthly payment and interest expense. To learn more about the mortgage loan and its terms and conditions, you can visit the official Citibank Hong Kong website.

Citibank Hong Kong

Citibank Hong Kong offers consumers and institutions a range of financial products and services, including consumer and investment banking, credit cards, and personal loans. Citibank Hong Kong aims to deliver holistic and innovative solutions to clients and meet the increasingly complex strategies of its regional client base in the APAC in an ever-changing financial landscape.

The content reflects the view of the article’s author and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on Citibank Hong Kong’s website for accuracy or completeness of the information presented in the article.

Contact Information
Sonakshi Murze
Manager
sonakshi.murze@iquanti.com


Topic: Press release summary

Hong Kong – Hong Kong residents born in 1977, 1978 or 1979 should apply for new smart identity cards between September 20 and November 18, 2021

Aug 27, 2021 | International

Hong Kong residents born in 1977, 1978 or 1979 should apply for new smart identity cards between September 20 and November 18, 2021

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     The Immigration Department (ImmD) announced today (August 27) that Hong Kong residents born in 1977, 1978 or 1979 and holding the old form of smart identity card should bring along their old form of smart identity card and apply for new smart identity cards in person at a Smart Identity Card Replacement Centre (SIDCC) (see Annex I) from September 20 (Monday) to November 18, 2021 (Thursday). The SIDCCs are open from 8am to 10pm from Monday to Saturday (except public holidays).

     The Territory-wide Identity Card Replacement Exercise covers all Hong Kong residents, who should apply for new smart identity cards in person at the SIDCCs during specified periods, whether they are permanent residents or non-permanent residents taking up employment, investment, residence or study in Hong Kong. Eligible Hong Kong residents who are absent from Hong Kong during their call-up period can apply within 30 days upon their return to Hong Kong.
 
     To avoid the gathering of crowds, the ImmD appeals to applicants to make appointment bookings via the ImmD mobile application, the Internet (www.gov.hk/newicbooking), or the 24-hour telephone booking hotline 2121 1234. To download the mobile application or to make an appointment booking via the Internet, please scan the QR codes (see Annex II). The ImmD also appeals to applicants to pre-fill the application form when making appointment bookings through the mobile application or the Internet in order to enjoy faster identity card replacement service.  

     For this Replacement Exercise, the ImmD is also implementing a caring arrangement under which each eligible applicant for identity card replacement may bring along up to two family members or friends aged 65 or above and two persons with disabilities to replace their identity cards together during the same visit to an SIDCC.

     For children born in 2005 to 2007 or 2012 to 2018 and holding the old form of smart identity card, their specified period for identity card replacement will end on September 18, 2021 (Saturday). Those who have not yet applied for a new smart identity card should do so in the company of either one of their parents or legal guardians at an SIDCC as early as possible. For details of the replacement arrangements for children holding the old form of smart identity card, please refer to Annex III. Please note that children born between 2012 and 2018 who have never held a permanent identity card in connection with their applications for a Hong Kong Special Administrative Region passport, or are already holding a new smart identity card, are not required to participate in the Replacement Exercise.

     For details of the Replacement Exercise, please visit the website www.smartid.gov.hk or call the ImmD’s enquiry hotline at 2824 6111.