5.4 / 10

based on 1935 reviews as rated by Mozo community

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 run through below…

Citi offers the following personal loans

Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from* Upfront fee
Personal Loan Plus (Variable, Unsecured)

9.99% p.a.to 17.99% p.a.

9.99% p.a.to 17.99% p.a.based on $30,000
over 5 years

$0

Ready Credit Flexible Personal Loan - 1 Year Introductory Rate (Variable, Unsecured)

5.90% p.a.

n/a

$199

*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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What personal loans do Citi offer?

Citi Personal Loan Plus

Whether you're planning a holiday or furnishing your new apartment, the Citi Personal Loan Plus will get you there. This is an unsecured personal loan with a low variable interest rate and you can choose a term between 3 - 5 years. You can also make additional repayments to pay your loan off quicker at no extra cost and best of all, there's no fee for repaying your loan early. On the other hand, there is a one-off upfront fee and monthly service fee to consider. This product also provides an ongoing reusable credit facility without needing to reapply.

Citi Ready Credit

Having Citi Ready Credit on hand means you'll always have a line of credit available to you, so you can take on life as it comes. Start off with a low introductory rate on purchases and the initial balance, but keep in mind the rate jumps pretty significantly after this period. You'll also have the flexibility to choose your own repayments (minimums apply). Plus, the establishment fee is waived for the first year.

Citi personal loan features at a glance

Repayment amount flexibility: 

With the Citi Ready Credit, you can choose your monthly repayments (minimum amount applies).

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.

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 an 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:

  • To have ID that confirms you are 18 years of age or older
  • Proof of Australian citizenship or permanent residency such as a passport or driver’s licence
  • Payslips or bank account statements as evidence of having a regular source of income
  • To supply your Medicare card details
  • A copy of your last phone bill with your name, address and phone number on it
  • To have a good credit history

How are Citi personal loans rated?

Mozo users have rated Citi personal loan on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Citi personal loans
Overall
4.8/10
Price
Features
Customer service
Convenience
Trust
84 reviews

Recent Citi personal loan reviews

Citi Ready Credit Flexible Personal Loan review
Overall 2/10
High rates, poor online and woeful communication.

A mass marketing campaign sucked me in, and now my goal is to get out as quick as possible. Exorbitant interest rates and charges, a website that is slow to update to the point a payment made can sometimes not show for 2 days. Where you can expect a barely intelligible call from an overseas call centre.

Read full review

A mass marketing campaign sucked me in, and now my goal is to get out as quick as possible. Exorbitant interest rates and charges, a website that is slow to update to the point a payment made can sometimes not show for 2 days. Where you can expect a barely intelligible call from an overseas call centre.

Price
2/10
Features
1/10
Customer service
2/10
Convenience
4/10
Trust
2/10
Less
Darren, New South Wales reviewed 11 months ago
Citi Ready Credit Flexible Personal Loan review
Overall 2/10
Nothing great about their service

Nothing to rave about

Read full review

Nothing to rave about

Price
5/10
Less
Kylie, New South Wales reviewed almost 4 years ago
Citi Ready Credit Fixed Payment Option review
Overall 10/10
Good customer service

I would recommend Citibank to others.

Read full review

I would recommend Citibank to others.

Price
10/10
Less
Raakel, Queensland reviewed almost 4 years ago
Citi Ready Credit Flexible Personal Loan review
Overall 9/10
Great rates with efficient responsive service

I wanted to consolidate and applied online for a Citibank loan. It was simple, quick and efficient. I was surprised how quick the response back to me was. I was sent in the mail the necessary paperwork with contact numbers and details - contacted them directly and the customer service lady was terrific, explaining all i needed to know. The whole process has been surprisingly easy, so much so I kept thinking there must be more to this - but nope, all has gone very smoothly with no issues at all.

Read full review

I wanted to consolidate and applied online for a Citibank loan. It was simple, quick and efficient. I was surprised how quick the response back to me was. I was sent in the mail the necessary paperwork with contact numbers and details - contacted them directly and the customer service lady was terrific, explaining all i needed to know. The whole process has been surprisingly easy, so much so I kept thinking there must be more to this - but nope, all has gone very smoothly with no issues at all.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
5/10
Less
Pauline, Victoria reviewed over 4 years ago

Personal loan quick links