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Citi Personal Loan Plus – Car Loan

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Citi Personal Loan Plus - Car Loan

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Application Fee
$199
Interest Rate (p.a.)
10.9% (variable)
Comparison Rate (p.a.)
11.19%
Max Loan Amount
$55,000

Summary

Borrow up to $55,000 to purchase a new or used car and choose to pay it off over 3, 4 or 5 years.

The Citi Personal Loan Plus is a personal loan for your car, offering a variable rate with fixed repayments, meaning you always know what you’re paying each month. You can choose a loan term of 3, 4 or 5 years but with the option to make extra repayments you could end up paying it off sooner with no early repayment fees. There are also no monthly or ongoing fees and you can continue to access available credit without the need to reapply.

  • Please note that this product is no longer available. This page is being kept for existing customers and historical use.

Pros

  • Flexible loan terms with 3-, 4- or 5-year options
  • Fixed repayments so you know how much you’re paying and for how long
  • No monthly or annual fees
  • A reusable line of credit means you can tap into available credit without having to reapply

Cons

  • Not among the lowest interest rates in the market

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  • Review
  • Details
    • Product details
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Details

Product details

Product Name Citi Personal Loan Plus - Car Loan
Interest Rate (p.a.) 10.9%
Comp. Rate (p.a.) 11.19%
Interest Rate Type Variable
Min Loan Amount $2,000
Max Loan Amount $55,000

Main points to consider with the Citi car loan

With Citi’s Personal Loan Plus you can buy a new or used car and pay it off over a fixed period that works for you. There are options to pay off your loan over 3, 4 or 5 years – but Citi offers extra repayments at no extra cost so you have the flexibility to pay it off sooner.

Although there is a one-off establishment fee, there are no other monthly or ongoing fees for you to worry about.

You can also apply online within just 10 minutes and will usually receive a reply in 1–2 business days.

While the loan boasts fixed repayments each month, the interest rate is variable so could be subject to change at any time. However, the Personal Loan Plus rate has so far not changed since April 2021.

Features of the Citi car loan

  • Fixed repayments – know how much you’ll be paying each month
  • Ability to tap into your credit – without having to reapply
  • Fast application – apply online in just 10 minutes
  • Flexible contract terms – you can choose a 3-, 4- or 5- year loan term
  • No monthly or ongoing fees – there’s just a one-off establishment fee at the start
  • Ability to make extra repayments – you can pay your loan off early at no extra cost
  • Borrow from as little as $2,000 up to $55,000

Am I eligible for the Citi loan?

To be eligible for this loan you must:

  • Be at least 18 years old
  • Be a permanent Australian resident
  • Have a good credit history

How to apply for the Citi car loan

To apply for the Citi car loan just click on the green button to be taken to Citi’s website. You can apply online in just 10 minutes and upload all the relevant documentation to speed up the process. A response is usually given in 1–2 business days.

Documents you will need include proof of address, proof of income and proof of employment.

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1 - 11 of 108
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OurMoneyMarket New Car Loan
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Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
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Monthly Fee
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Monthly Repayment
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Simplify New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
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Credit Concierge New Car Loan
Fixed1 - 7 Years $10,000 - $100,000
Interest Rate (p.a.)
6.29%
to 16.45%
Comp. Rate (p.a.)
7.41%
to 17.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$637.97
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NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
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Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
RACV New Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
You'll receive a fixed rate from 7.29% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
Credit Concierge Used Car Loan
Fixed1 - 7 Years $10,000 - $1,000,000
Interest Rate (p.a.)
6.8%
to 17.45%
Comp. Rate (p.a.)
7.56%
to 18.91%
Application Fee
$553
Monthly Fee
$10
Monthly Repayment
$642.74
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loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
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OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
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Simplify Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.19%
to 18%
Comp. Rate (p.a.)
6.6%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$622.21
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NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
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You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
RACV Used Car Loans
Fixed1 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
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