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Citi Ready Credit Flexible Personal Loan

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Interest rate from
2.90% p.a.
Comparison rate from
Upfront fee

Mozo editorial review Citi Ready Credit Flexible Personal Loan - last updated: 12 November 2021

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What's hot
  • 3 year 2.90% variable rate
  • Extra repayments available
What's not
  • $199 application fee
Mozo snapshot

If you’re after a line of credit, look no further than Citi Bank. The Citi Ready Credit Flexible Personal loan offers a competitive introductory 3 year variable rate of 2.90% plus offers extra repayments and a redraw facility. Whether you need a little or a lot, Citi have you covered between $5,000 and $75,000 so you are ready for whatever costs life throws your way. 

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Key features

Need something a little more versatile than your standard secured or unsecured loan? The Citi Ready Credit Flexible Personal Loan could be exactly what you need to fund your purchases.  

Citi Bank are offering an attractive introductory 3 year 2.90% variable rate on lines of credit anywhere from $5,000 to $75,000. Plus, there are no ongoing fees for the life of the loan. 

But that’s not all! Borrowers can make extra repayments towards their line of credit without penalty and also redraw funds later on if they need to. However, while it may be beneficial to pay down your loan early, borrowers that are late on making their minimum repayments may be subject to a $30 penalty fee every time. 

Also bear in mind, that there is a one-off $199 fee when you first apply for the Citi Ready Credit Flexible Personal Loan. 

Who is it good for

This line of credit might suit someone who needs funding for a few different purchases rather than just a large one-off buy. It may be a great solution for a person wanting access to funds over a few years and who could benefit from a lower introductory interest rate.

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Any catches

While the 3 year introductory interest rate is pretty hot, just remember that after the offer ends the standard 20.49% interest rate applies. Plus, you need to be earning more than $40,000 per year to qualify for this product. 


Rates and fees information correct as at 18 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.


2.90% p.a.variable








Other financial bits



3 Years

3 Years







2.90% for 3 years on loans up to $75,000, with any unpaid amount reverting to 20.49% variable rate after that.

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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