Citi Personal Loan Plus

8.99% 17.99% p.a.

9.96% 18.91% p.a.based on $30,000
over 5 years


Citi Personal Loan Plus Review

Rates and fees information correct as at 23 September 2018.

Review published: 27 February 2017

What's hot:

  • Access to reusable credit facility with variable rates starting from 8.99% (9.96% comparison rate)

  • Extra repayments and redraw facility available

  • Borrow up to $75,000

What's not:

  • $10 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 8.99% p.a. to 17.99% p.a. (9.96% p.a. - 18.91% p.a. comparison rate).

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 ranges from 8.99% p.a. to 17.99% p.a. (9.96% p.a. - 18.91% p.a. comparison rate). Exactly what rate you'll get depends on 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.

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.

There is also an establishment fee of $199 and a $10 monthly service fee to budget for.

*Comparison rate is based on a 5 year unsecured variable rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Who it's 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.

Any catches?

Because the Personal Loan Plus loan has a variable rate, Citi may raise it, causing repayments to increase. You’ll also need to factor in the upfront cost and monthly fees.

The Mozo community has not yet rated Citi for this personal loan.


  • Variable

  • 8.99% p.a.variable

  • 9.96% 18.91% p.a.based on $30,000
    over 5 years


  • $199.00

  • $10.00

  • $10.00

  • $0.00

  • $0.00

Other financial bits

  • $5,000.00

  • $75,000.00

  • 3 Years

  • 5 Years

  • Unsecured


  • Monthly

  • yes

  • yes

  • none

  • none

About Citi

Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.

*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.

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