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Lighten Up With Citi PayLite

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

Convert Selected Bank

Convert selected bank transactions into fixed installments on your Citi Credit Card

Have your funds credited

Have your funds credited back to your Citi bank account instantly

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Enjoy easy cash flow management with just a few taps on the Citi Mobile® App

Download Citi Mobile® App to get Citi PayLite

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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?

    No, rewards points /miles /cash rebate are not awarded for the transactions converted.

  • What happens if I have multiple bank accounts? Can I select a particular where funds would be credited?

    After you convert the bank transaction into Citi PayLite, the funds will always be credited back to the original bank account where original transaction is made.

  • Which card will be debited if I have multiple cards?

    Right now, the installment plan will be booked on the pre-selected card.

  • Can I convert Foreign Currency transactions to EPP?

    At the moment, you can only convert local currency transactions.

  • 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$) Repayment Amount for Early Cancellation
    Outstanding Principal (HK$) 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

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

Remarks:

  1. Eligible “FlexiBill” and “PayLite” Installment Loan only includes the first 8,000 “PayLite” Installment Loan 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$3,000 or above and a minimum tenor of 12 months with an Eligible Card within the Promotional Period, and does not include Citi Credit Card “PayLite” Installment Plan for iPhone for Life.
  2. Cardholders who successfully apply for an Eligible “FlexiBill” or “PayLite” Installment Loan with an Eligible Card during the Promotional Period (“Participants”) will be entitled to HK$50 Wellcome Supermarket Cash Coupon (“Cash Coupon”) for a booked amount from HK$3,000 to HK$4,999.99 in a single application (ii) HK$50 Cash Coupon for each HK$5,000 booked in a single application. If the participants successfully apply for an Eligible “FlexiBill” or “PayLite” Installment Loan (not applicable to “PayLite” Installment Loan in relation to any individual transaction made by Citibank banking account/ATM/Debit Card) with an Eligible Card through Citi Mobile® App, the participants will be entitled to additional HK$50 Cash Coupon for each HK$5,000 booked in a single application. If the participants successfully apply for a “PayLite” Installment Loan in relation to any individual transaction made by Citibank banking account/ATM/Debit Card, the participants will be entitled to additional HK$50 Cash Coupon for each HK$5,000 booked in a single application.

 

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Terms and Conditions:

Terms and Conditions for Citi Credit Card "FlexiBill" Installment Program and Citi Credit Card "PayLite" Installment Program