Citibank Personal Credit

Rates and fees last updated on

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 Debit MasterCard.
  • 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 $35,000 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.

Was this content helpful to you? No  Yes

Related Posts

SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.14% with a SocietyOne personal loan.

Westpac Unsecured Personal Loan

Borrow up to $50,000 for a term of up to 7 years with the unsecured Loan from Westpac

Citi Personal Loan Plus

Borrow up to $75,000 to use for a range of purposes. Competitive rate of 9.99% p.a. available to all approved applicants.

Latitude Personal Loans (Unsecured)

An unsecured loan designed for multiple purposes – renovating, buying a car or travelling. Funds can be in your account in as little as 24 hours.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

6 Responses

  1. Default Gravatar
    grahamJanuary 22, 2015

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

    • Staff
      ShirleyJanuary 23, 2015Staff

      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.

      Cheers,
      Shirley

    • 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
      ShirleyJanuary 23, 2015Staff

      Hi Graham,

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

      Cheers.

  2. Default Gravatar
    PattyMay 28, 2014

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

Ask a question