Citi personal loans

Citi's overall rating for personal loans

(as rated by the Mozo community)

4.5 / 10

based on 40 reviews

Get the finance you need for a big purchase or to cover unexpected expenses from Citi. Weigh up the different loans that they have to offer here and then double check they're offering the best rates and services by making a market wide comparison of personal loans.

Citi offers the following personal loans

Rates and fees verified as correct at 28 May, 2017. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

11.99% p.a.

12.77% p.a.based on $30,000
over 5 years


9.90% p.a.



* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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About Citi Personal Loans

As a bank with international presence in over 160 countries, Citi takes care of around 200 million customer accounts worldwide. When it comes to Citi’s personal loans you can choose between either a honeymoon offer which has a low rate for the first two years or a fixed rate loan, with a slightly higher rate that is locked in for the life of the loan. To help you decide which is your borrowing match, read our full runthrough below…

What personal loans do Citi offer?

Introductory Rate Personal Loan

If you think you might pay off your loan within the first two years, then Citi’s introductory rate loan, dubbed the Ready Credit Flexible Personal Loan is definitely worth a look. You’ll receive one of the lowest rates in the market for the first two years and because it’s an unsecured loan, you won’t need to secure it against an asset like a car. But beware the rate jumps up significantly after this period. With Citi’s intro rate loan you can make additional payments on your loan thanks to the extra repayments facility and redraw from those funds up to an approved credit limit. Just remember the amount you redraw will be charged at the standard variable rate, not the low introductory rate. If you want to pay out your loan early, Citi will let you do just that without financial penalty. This Ready Credit Flexible Personal Loan is also free from monthly or annual fees besides an initial startup cost.

Fixed Rate Personal Loan

If you’re looking to pay off your personal loan for a period of more than two years, Citi’s Ready Credit Personal Loan could fit the bill. While your interest rate will be higher than the introductory rate mentioned above, it’s locked in for the duration of the loan (terms available for 1 to 4 years), so you’ll know what your monthly repayments will look like from the start. Just like the Citi introductory rate version, this personal loan is not secured against an asset. While you don’t have access to a redraw facility, you can make extra repayments and bring the balance down to zero early without being charged extra. Topping things off, Citi’s fixed rate personal loan, like the introductory rate version, has no monthly and annual fees, with the exception of an initial startup cost.

Citi personal loan features at a glance

Repayment amount flexibility: 

With the Citi introductory rate personal loan, you can choose how much you’d like to repay each month to a minimum amount.

Fee free extra repayments: 

Another benefit of Citi’s personal loans is you can pump extra into your loan without the bite of fees.

No break cost fees: 

Some banks have additional costs for paying off personal loans early, but this isn’t the case with Citi’s personal loans.

No monthly fees: 

While there’s an initial start up cost, Citi personal loans don’t have monthly account keeping or administrative fees.

Citi customer reviews:

Sure, you can find plenty of product info about personal loans online, but it’s always a bonus to see what real customers are saying about the product you’re thinking of committing to. That’s why Mozo has a specially dedicated customer reviews section for Citi personal loans.

How do you apply for a Citi personal loan?

To apply for a personal loan with Citi, you have two options. One way is to visit the Citi website and follow the prompts to begin a 15 minute application. Citi have a customer service team on call to ring if you have any questions. Alternatively Citi personal loan applications can be done at any provider branches around Australia.

To apply for a personal loan with Citi you will need:

More helpful personal loan quick links