Managua, Nicaragua For the Nicaraguan market, Citi announced the launch of an innovative personal-loan product with unique benefits. Citi Personal Loans are distinguished for not requiring a guarantor or warranty, a 30-minutes approval time and fast 24- to 48-hour disbursement period. In addition, the new product has unique qualities: it can be disbursed in cordobas or U.S. dollars, the amounts range from US$1,200 to US$20,000, up to 60-month terms, competitive rates from 15.60 percent and customers can set the monthly payment date at their convenience.
"Our personal loans offer fast and tailored access to consumer loans for employed customers with incomes starting at US$1,000, self-employed clients with incomes starting at US$1,500 and foreigners with incomes starting at US$2,500," said Jose Angel Rodriguez, Head of Consumer Banking, Citi Nicaragua. "The new product offering shows our unwavering commitment as the only global bank with a presence in the country, providing the best and most innovative products and financial services with the highest standards of quality, excellence and transparency."
The launch of Citi Personal Loans is another step in the strong growth and sustainable development of the franchise in the country. By expanding the product and service offerings in consumer banking and deepening operations in the corporate business, Citi continues its commitment as the global bank in Nicaragua, working hard to bring the best services and enhancing the customer experience with innovative and responsible strategies and processes.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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