Citibank Personal Credit

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.

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Personal Loan Offers

Important Information*
HSBC Personal Loan

You'll receive a fixed rate between 8.5% p.a. and 16.99% p.a. based on your risk profile
An unsecured personal loan with a tailored, fixed rate where you can make additional and early repayments without penalty.

Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.96% p.a. to 18.91% p.a. comparison rate) based on your risk profile
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

Latitude Personal Loan (Unsecured)

You'll receive a fixed rate between 13.99% p.a. and 29.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Flexible repayments options.

CUA Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate of 11.99% p.a.
An unsecured loan from $5,000 with no monthly or establishment fees and flexible repayments.

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6 Responses

  1. Default Gravatar
    grahamJanuary 22, 2015

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

    • finder Customer Care
      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.


    • 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?

    • finder Customer Care
      ShirleyJanuary 23, 2015Staff

      Hi Graham,

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


  2. Default Gravatar
    PattyMay 28, 2014

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

    • finder Customer Care
      ShirleyMay 28, 2014Staff

      Hi Patty,

      Thanks for your question.

      Please use our personal loan calculator to give you an indication.


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