Looking for a good deal to start 2018? Citi extends personal loan offers

Elizabeth Barry 2 January 2018 NEWS

personal loan

The global financial provider has extended offers for its famed Ready Credit as well as its Personal Loan Plus.

Citi has given Australians another competitive option to choose from if they're in the market for a personal loan in 2018. Two offers which were due to expire have been extended. The offer available with the Ready Credit is now valid until 31 March 2018 and the offer available with the Personal Loan Plus is valid until 28 February 2018.

Both offers allow you to benefit from a lower interest rate. Here's what you need to know to see if these products are right for you:

Citi Ready Credit

The Citi Ready Credit is a line of credit that comes with an introductory offer for a limited period. As per the terms of this offer, an introductory rate of 7.9% p.a. will apply to your initial balance for the first 2 years. This initial balance needs to be a balance transfer that you request when you apply or a cheque to self that you request within 90 days of your account opening.

Fees, limits and rates*

  • Line of credit amount: Between $5,000 and $75,000
  • Introductory interest rate: 7.9% p.a. applies to your initial balance for the first 2 years.
  • Standard interest rate: 19.99% p.a. applies to unpaid balances after the 2-year period and any redraws you make.
  • Establishment fee: $149
  • Flexible repayments (you need to pay the minimum, but apart from that you can choose how much you pay each month).

Eligibility criteria

  • You earn $40,000 p.a. or more
  • You have a good credit rating
  • You're 18 or over
  • You're an Australian citizen or permanent resident

Citi Ready Credit (Go to Citi's site)

Citi Personal Loan Plus

The Personal Loan Plus functions like a standard personal loan, allowing you to borrow a lump sum and repay it over a set term. You can select terms of three, four or five years to suit your needs.

Fees, limits and rates*

  • Variable interest rate: 9.99% p.a. (10.95% p.a. comparison rate)
  • Loan terms: 3, 4 or 5 years
  • Loan amounts: Between $5,000 and $75,000
  • Establishment fee: $199
  • Monthly fee: $10
  • Interest rate for ongoing reusable credit facility: 9.99% p.a.

Eligibility criteria

  • You earn $40,000 p.a. or more
  • You're 18 or over
  • You're an Australian citizen or permanent resident

Citi Personal Loan Plus (Go to Citi's site)


*Fees, limits and rates correct at the time of writing
Picture: Shutterstock

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