Citibank Personal Credit

Rates and Fees verified correct on October 22nd, 2016

Get access to the funds you need with Citibank Personal Credit.

Important Information
This product is no longer on offer from Citibank. If you'd like to compare their range of personal loan offers please head over to the Ready Credit review or the Fixed payment option here.

Citibank Personal Credit account is an unsecured personal loan that lets you access your funds in a variety of ways. Access options include ATM withdrawals, a Visa Debit Card and a personal chequebook, making this loan option a convenient one for your everyday spending needs.

Another feature of Citibank Personal Credit is that you can use it to pay for almost anything you need. You also have the opportunity to consolidate your other debts if you wish.

Things to consider

As Citibank Personal Credit is an unsecured loan, you don’t need collateral when you apply. You can use it to pay for anything from school fees to home renovations, while the credit limit goes up to $60,000.

In addition, with this loan you’ll enjoy some of the perks you’d normally associate with having a credit card, including access to complimentary Purchase Protection Cover, Guaranteed Pricing Cover and Warranty Extension Cover

Features of Citibank Personal Credit

  • Unsecured. This means you do not need to offer any assets as security.
  • Similar to a credit card. This account is basically a line of credit personal loan which can be utilised as a credit card. However, there is no restriction regarding fixed repayment terms. Furthermore, if you repay your existing credit you can access those funds again through your Visa Debit card.
  • Cash advances. When you withdraw cash from a Citibank ATM using your Citibank Personal Credit Card, you’ll not be charged for any cash advance fees. The card can be used at about 3,000 ATMs throughout Australia.
  • Loan amount. You can take out a minimum loan of $2,000 and a maximum of $60,000
  • Fees.The application fee is $69 but there is no monthly service fee. Since there are no early repayment fees or penalties, you can make additional payments as you wish.

How to apply for Citibank Personal Credit

If you planned to apply for Citibank Personal Credit it would have taken you about 15 minutes to fill out the application form and receive conditional approval within one business day after submission of your application. It would have normally taken about a week for your loan release.

To apply for any Citibank Credit products you need to be 18 years or older, have a good credit rating, a taxable income of at least $30,000 and be a permanent Australian resident.

You’ll need to provide:

  • Your personal details
  • Your employer’s details and contact information
  • Details of your income, assets, debts and credit accounts

Citibank Personal Credit offered a range of attractive features to prospective borrowers. However, in order to ensure you end up with the right personal finance solution, take the time to compare your available options.

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This page was last modified on 23 February 2016 at 19:23.

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6 Responses to Citibank Personal Credit

  1. Default Gravatar
    graham | January 22, 2015

    What is the minimum monthly payment (ie. what percentage of balance or fixed amount)?

    • Staff
      Shirley | January 23, 2015

      Hi Graham,

      Thanks for your question.

      Personal loans generally don’t use a minimum monthly payment as a percentage because it has a set loan term. The minimum monthly payment or fixed repayment amount is calculated depending on your loan amount and loan term.

      If you’d like, you use our personal loan calculator to play around with some number to figure out what your repayments will be.


    • Default Gravatar
      | January 23, 2015

      That was not my question. On the Citibank link for the Citibank Personal credit (no set loan amount or term) it states minimum monthly payments applicable. These are usually calculated on a percentage of the amount owing. What is the percentage?

    • Staff
      Shirley | January 23, 2015

      Hi Graham,

      Apologies I had mixed up the product. The minimum repayment is 2.75%.


  2. Default Gravatar
    Patty | May 28, 2014

    how much of a payment would be if I needed $5,000 each month

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