"PayLite" Installment Program

Lighten big payments from your bank account with ease using Citi Mobile^® App

Turn them into easy installments with Citi PayLite

Manage your cash flow more flexibly, with Citi PayLite now available for bank transactions

Key Fact Statement

How to convert transactions to Citi PayLite on the Citi Mobile^® App?

Select your bank account.

Tap on the blue calendar icon of the transaction to convert into instalments.

Tab on the "

"icon

Choose the amount to convert and your preferred repayment plan.

Tap on ‘Convert now’ after verifying the details.

You have successfully converted the selected transaction into installments! The amount converted will be credited back into your bank account instantly.

Frequently asked questions

What kind of transaction can be converted into an installment plan?

You can convert bill payments, cash withdrawal, fund transfer or debit card purchase transactions with amounts that meet the minimum of $1,000 and within your Citi Card's available credit limit. The available conversion amount is range from $200 - $550,000. The following Citibank banking account/ATM/Debit Card transactions are not valid for this Program: Purchasing insurance or investment products, gambling, loan and card payments, down payments for auto and home purchases, fund transfer to other accounts under your Citibank banking account.
Do I earn any rewards points /miles or cash rebate for the transaction I convert?
What happens if I have multiple bank accounts? Can I select a particular where funds would be credited?
Which card will be debited if I have multiple cards?
Can I convert Foreign Currency transactions to EPP?

Can I make early repayment of the “Quick Cash” Installment Program / “FlexiBill” and “PayLite” Installment Programs in full?

For early settlement in full for these programs for whatever reason, the following will become immediately due and payable: (a) the total outstanding loan amount and (b) an early cancellation fee equivalent to 4% of outstanding principal amount.

Example: For a loan Amount of HK$100,000 with 12 monthly installments of HK$8,823.33 and a monthly flat rate of 0.49%. If the customer requests to settle the loan in full after the repayment of 6 monthly installments, the settlement amount of the loan will be the sum of total outstanding principal amount (HK$51,329.05) and early cancellation fee of 4% of outstanding principal amount (HK$2,053.16).

Loan Amount (HK$): 100,000
Number of Installments (months): 12
Monthly Flat Rate (Annualized Percentage Rate): 0.49% (11.22%)
Date of loan approval: October 20, 2019
Early Cancellation Fee (HK$): 51,329.05 x 4% = 2,053.16

Loan Repayment Schedule:

*Tenor (Next Statement Date^）**	Monthly Installment (HK$)	Principal (HK$)	Monthly Fee (HK$)	Repayment Amount for Early Cancellation
*Tenor (Next Statement Date^）**	Monthly Installment (HK$)	Principal (HK$)	Monthly Fee (HK$)	Outstanding Principal (HK$)	Early Cancellation Fee	Remaining Total Monthly Fee	Breakeven^{^}
0 (Oct 25, 2019)	81.67 (Initial Fee)		81.67 (Initial Fee)	100,000.00	4,000.00	5,961.63	1,961.63
1 (Nov 25, 2019)	8,823.33	7,933.17	890.16	100,000.00	4,000.00	5,879.96	1,879.96
2 (Dec 25, 2019)	8,823.33	8,003.79	819.54	92,066.83	3,682.67	4,989.80	1,307.13
3 (Jan 25, 2020)	8,823.33	8,075.04	748.29	84,063.04	3,362.52	4,170.26	807.74
4 (Feb 25, 2020)	8,823.33	8,146.92	676.41	75,988.00	3,039.52	3,421.97	382.45
5 (Mar 25, 2020)	8,823.33	8,219.44	603.89	67,841.09	2,713.64	2,745.55	31.91
6 (Apr 25, 2020)	8,823.33	8,292.60	530.73	59,621.65	2,384.86	2,141.66	-243.20
7 (May 25, 2020)	8,823.33	8,366.42	456.91	51,329.05	2,053.16	1,610.93	-442.23
8 (Jun 25, 2020)	8,823.33	8,440.89	382.44	42,962.63	1,718.50	1,154.02	-564.48
9 (Jul 25, 2020)	8,823.33	8,516.03	307.30	34,521.73	1,380.86	771.59	-609.27
10 (Aug 25, 2020)	8,823.33	8,591.84	231.49	26,005.70	1,040.22	464.29	-575.93
11 (Sep 25, 2020)	8,823.33	8,668.32	155.01	17,413.86	696.55	232.80	-463.75
12 (Oct 25, 2020)	8,823.33	8,745.54	77.79	8,745.54	349.82	77.79	-272.03

^*“Next Statement Date” of above is for illustration purposes only
^{^}Negative figures indicate the point in time when the amount of interest saved by early repayment becomes lower than the relevant charges

The installments from the Citi Credit Card “FlexiBill” Installment Program and Citi Credit Card “PayLite” Installment Program are billed to the Citi Credit Card account monthly similar to a normal retail purchase and are subject to usual finance charge if you pay/ had paid less than the statement balance indicated on your current or previous monthly statements of account on or before the payment due date. For details, please refer to Terms and Conditions for Citi Credit Card "FlexiBill" Installment Program and Citi Credit Card "PayLite" Installment Program.

The promotional period is from January 1, 2025 to March 31, 2025 (both dates inclusive) (“Promotional Period”). Eligible “FlexiBill” and “PayLite” Installment Loan refers to approved “PayLite” Installment Loans in relation to any individual transaction made by Citibank banking account/ATM/Debit Card and “FlexiBill” and “PayLite” Installment Loan in relation to the Credit Card current statement balance or a portion of the current statement balance or any individual transaction with approved loan amount of HK$5,000 or above and a minimum tenor of 24 months with an Eligible Card within the Promotional Period, and does not include Citi Credit Card “PayLite” Installment Plan for iPhone for Life.

Selected Cardholders who apply successfully for an Eligible Loan (as defined in Clause 1) with an Eligible Card during the Promotional Period (“Participants”) and become the first 1,000 Participants who accumulate higher Eligible loan amount will be entitled to a designated amount of Wellcome Supermarket Shopping Voucher (“Shopping Voucher”). The higher accumulated Eligible loan amount, the higher Shopping Voucher amount will be entitled:

Participant Ranking (According to accumulated Eligible loan amount. The higher accumulated Eligible loan amount, the higher ranking of Participants)	Shopping Voucher Amount (HK$)
1st	10,000
2nd	8,000
3rd	5,000
4th-10th	1,500
11th-30th	800
31st-100th	500
101st-500th	150
501st-1000th	50

Selected Cardholders will be entitled to one lucky draw chance for every HK$5,000 Eligible loan booking approved (as defined in Clause 1) and successfully drawn down during the Promotion Period. Prizes are as below:

	Quota	Wellcome Supermarket Shopping Voucher (“Shopping Voucher”) Amount (HK$)
1^st Prize	1	5,000
2^nd Prize	1	3,000
3^rd Prize	1	2,000
4^th Prize	7	800
5^th Prize	20	500
6^th Prize	70	200
7^th Prize	400	100
8^th Prize	500	50

Lighten big payments from your bank account with ease using Citi Mobile® App

Turn them into easy installments with Citi PayLite

Manage your cash flow more flexibly, with Citi PayLite now available for bank transactions

Citi Mobile App special offer

How to convert transactions to Citi PayLite on the Citi Mobile® App?

Download Citi Mobile® App to get Citi PayLite

Frequently asked questions

Frequently asked questions

To borrow or not to borrow? Borrow only if you can repay!

Terms and Conditions:

Lighten big payments from your bank account with ease using Citi Mobile^® App

How to convert transactions to Citi PayLite on the Citi Mobile^® App?

Download Citi Mobile^® App to get Citi PayLite