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…
Rates and fees verified as correct at 18 October, 2017. Other information correct at the time of writing.
|Product||Interest rate from||Comparison rate from*||Upfront fee|
10.95% p.a.based on $30,000
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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.
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.
With the Citi Ready Credit, you can choose your monthly repayments (minimum amount applies).
Another benefit of Citi’s personal loans is you can pump extra into your loan without the bite of fees.
Some banks have additional costs for paying off personal loans early, but this isn’t the case with Citi’s personal loans.
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.
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.