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Citibank Ready Credit

Access your funds with a Visa Debit Card. There are no annual or monthly fees, but the loan has an application fee of $149.

  • The Citibank Ready Credit - Fixed Payment Option is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.

You can compare the current range of Citibank Personal Loans here.

Citibank Ready Credit - Fixed Payment Option is an unsecured line of credit. It offers a special introductory rate starting from 9.99% p.a. for 4 years. This loan also features complimentary insurance policies such as Guaranteed Pricing Cover, Warranty Extension of up to 12 months and Purchase Protection Cover. The loan has no monthly or redraw fees, and you can access your funds with a Visa Debit Card. Your repayments may vary monthly. The minimum payment includes interest, a fee of 1% of your account balance and any late fees, if applicable.

Avatar
Matt Corke
Last Updated


From 9.99% (fixed)

Interest Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameCitibank Ready Credit - Fixed Payment Option
Interest Rate (p.a.)
From 9.99% (fixed)
Interest Rate TypeFixed
Min Loan Amount$5,000
Max. Loan Amount$75,000

Things to consider about Citibank Ready Credit - Fixed Payment Option

One of the main purposes of Citibank Ready Credit is to provide you with a standby fund to finance your planned big purchases. In addition, you can also use this product to combine some of your other high-interest debts together in one account. The loan has no monthly or redraw fees, and you can even access your funds with a Visa Debit Card.

Features of Citibank Ready Credit - Fixed Payment Option

  • Introductory rate. You can take advantage of a special introductory fixed payment option of 9.99% p.a. for 4 years.
  • Loan amount. This loan provides you with a minimum amount of $5,000 and a maximum amount of $75,000. Once your loan amount has been approved, Citibank will issue a cheque in your name.
  • Fees. Citibank Ready Credit - Fixed Payment Option has and application fee of $149 but does not attract any annual or monthly service fees.
  • Repayments. Your repayment amounts are calculated monthly. The minimum payment due includes any interest charges, a fee of 1% of your account balance, and any applicable late payment fees, and will be clearly listed on your statement. (If your balance is under $30, the total amount will need to be paid.)
  • Early repayment allowed. You can pay off your loan early without incurring any fees.

How to apply for Citibank Ready Credit - Fixed Payment Option

If you would like to apply online for Citibank Ready Credit - Fixed Payment Option, click "Go to Site" to get started. Filling out the application form will take you about 15 minutes. The bank will send you conditional approval within one business day after you submit your application.

To be eligible you must be 18 years or older and a permanent Australian resident. You’ll also need to have a good credit rating and a taxable annual income of at least $40,000.

You’ll be required to provide the following information:

  • Personal details
  • Your employer’s details and contact information
  • Information regarding your income, assets, debts and present credit accounts

Citibank Ready Credit - Fixed Payment Option offers a host of competitive features for borrowers. Make sure to compare your personal loan options on finder.com.au to ensure you end up with the right loan for you.

Compare other personal loans

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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan
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From 5.75% (variable)
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$5,000
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from 0% to 5% of the loan amount
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Plenti Personal Loan
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From 6.39% (fixed)
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Citi Personal Loan Plus
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9.18%
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A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 31 January 2022.
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Harmoney Unsecured Personal Loan
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From 5.35% (fixed)
6.14%
$2,000
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$575 ($275 for loans of below $5,000)
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You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
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Alex Bank Personal Loan
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From 4.99% (fixed)
4.99%
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$0 (Waived $295 establishment fee)
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You'll receive a fixed interest rate from 4.99% p.a. to 14.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 8 December 2021.
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SocietyOne Unsecured Personal Loan
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From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
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NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
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You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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NOW Finance No Fee Unsecured Personal Loan
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From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

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OurMoneyMarket Personal Loan
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From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

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ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
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Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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MoneyMe Personal Loans
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From 6.25% (fixed)
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Wisr Personal Loan ($5,000 to $30,000)
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From 6.49% (fixed)
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$0 - Waived Establishment Fee
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Wisr Personal Loan ($30,001 to $64,000)
Wisr Personal Loan ($30,001 to $64,000)

From 6.49% (fixed)
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$595
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ANZ Variable Rate Personal Loan
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
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A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.

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Plenti Variable Rate Personal Loan
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From 6.39% (variable)
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NAB Personal Loan Unsecured Variable Rate
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From 6.99% (variable)
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$5,000
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$150
$10
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

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Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

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Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 years to 7 years loan terms available. This loan comes with no fees for extra repayments and no early exit fees.

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Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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30 Comments

    Default Gravatar
    John
    December 30, 2016

    Hello,
    I recently had my loan approved, but do not understand the below term

    “Funds at your promotional rate need to be authorised separately within 90 days from account approval.”

    My promotional rate is 9.99% p.a. for 4 Years. Does that mean if I don’t use the approved loan amount within the 90 days, it will revert back to the standard rate which is 19.9%?

    Thanks

    Reply
      Avatarfinder Customer Care
      May
      January 2, 2017

      Hi John,

      Thanks for your question and for contacting finder.com.au – a financial comparison website and general information service designed to help consumers make better decisions. We do not represent Citibank or any company we feature on our pages.

      It means that you can borrow funds at the 9.99% p.a. rate by requesting an Electronic Funds Transfer (EFT) at account approval. When you make a request, you must ensure the payee details are correct as the receiving institution will credit the funds based solely on the details provided and Citi may not be able to recover funds sent to an unintended recipient if the incorrect BSB number and/or identifier have been provided. In case you more assistance on this, you may get in touch with Citibank directly.

      Regards,
      May

      Reply
    Default Gravatar
    Emma
    August 11, 2016

    Hi
    I would like to apply for this loan but I am curious what it means by “Good” credit history?? Is there a certain score that I need to be above?
    Thanks
    Emma

    Reply
      Avatarfinder Customer Care
      Elizabeth
      August 11, 2016

      Hi Emma,

      “Good” credit history generally means you don’t have any negative listings such as defaults, missed or late payments on loans or credit cards, bankruptcies or serious credit infringements listed on your file. You can find out more information through our credit score guide.

      Hope this helps,

      Elizabeth

      Reply
    Default Gravatar
    steven
    April 11, 2016

    my partner is currently on dsp as well as receiving 900 a month from csa. im on parenting payment partnered. we are seeking 10,000 – 15000 in order to purchase a newer car. will citibank enable us to co apply for this loan to combine our incomes?

    Reply
      Avatarfinder Customer Care
      Elizabeth
      April 11, 2016

      Hi Steven,

      Unfortunately, you cannot submit a joint application for the Citibank Ready Credit. But do not worry, a list of lenders are available including banks and car loan lenders that will accept applications from people receiving Centrelink payments.

      I hope this will help.

      Thanks,

      Elizabeth

      Reply
    Default Gravatar
    Esther
    February 20, 2016

    I am looking for ten thousand dollars ,im on the single parenting payment so am I eligible for that amount or not?

    Reply
      Avatarfinder Customer Care
      Elizabeth
      February 22, 2016

      Hi Esther,

      Citibank do accept applicants on Centrelink benefits as long as you earn a taxable income of $35,000 or more.

      I hope this has helped,

      Elizabeth

      Reply
    Default Gravatar
    glenda
    May 20, 2015

    my husband and I are both pensioners with casual work of $19,000 per year added to our pension we are paying a mortgage but would like to borrow $20000 we have approx $200,000 in equity on the house is this possible

    Reply
      Avatarfinder Customer Care
      Elizabeth
      May 20, 2015

      Hi Glenda,

      Thanks for your question.

      In order to be eligible for the Citibank Ready Credit, you need to have a taxable income of at least $35,000 per year. You can compare your other personal loan options. To check the eligibility requirements, simply click through to the review of the loan by selecting the name of the lender.

      Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply for the loan.

      I hope this has helped.

      Thanks,
      Elizabeth

      Reply
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