Interest rate from
8.90% p.a.
Comparison rate from
9.18% p.a.based on $10,000
over 3 years
Upfront fee

Mozo editorial review Citi Personal Loan Plus - last updated: 10 May 2022

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What's hot
  • Access to reusable credit facility with an interest rate of 8.90% (9.18% comparison rate*)
  • Extra repayments and redraw facility available
What's not
  • $30 late payment fee
Mozo snapshot

It’s easy to see why Citi has dubbed its latest unsecured loan the Personal Loan Plus. Not only does it come with flexible features like an extra repayments, redraw and ongoing reusable credit facility - customers can borrow up to a whopping $75,000 to fund everything from a holiday to a home renovation. All this and more is available with a variable interest rate from 8.90% p.a (9.18% p.a. comparison rate*). 

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Key features

With Citi you can borrow from $5,000 - $75,000 and the good news is, because it’s unsecured no collateral is required. You can choose a term of 3-5 years and extra repayments are fee free.

The variable interest rate starts at 8.90% p.a. (9.18% p.a. comparison rate*). Your rate will depend on your credit history and current financial circumstances. 

The interest applies to amounts you've drawn down through the reusable credit facility and like most variable rate personal loans, you’ll be glad to hear that repaying your debt before required won’t trigger any extra fees.

Speaking of fees, Citi won't charge you any establishment fees or a monthly service fee over the life of the loan!

Sounds pretty flexible right? Just keep in mind that unlike some loans where you can choose your repayment frequency, with the Personal Loan Plus only monthly repayments are available.

Who is it good for

Looking to keep your credit options open? The reusable credit facility attached to Citi’s Personal Loan Plus account could be for you, as you can keep drawing on credit up to the approved amount without having to re-apply.

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Any catches

Because the Personal Loan Plus loan has a variable rate, Citi may raise it, causing repayments to increase.


Rates and fees information correct as at 20 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


8.90% p.a.variable

9.18% p.a.based on $10,000
over 3 years







Other financial bits



3 Years

5 Years








WARNING: 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. 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.

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