Citibank Ready Credit – Fixed Payment Option

Enjoy personal finance at a competitive rate with Citibank Ready Credit — Fixed Payment Option.

Important Information

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 of 9.99% p.a. for 4 year(s). This is an opportunity for you to take control of your borrowed finance with easy monthly repayments, while you can borrow up to $75,000 for a range of purposes.

This borrowing option also features complimentary insurance policies such as Guaranteed Pricing Cover, Warranty Extension of up to 12 months and Purchase Protection Cover.

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.

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


  • $0 monthly fee to pay
  • No extra payment for early payouts
  • Additional repayments allowed


  • Application fee of $149 required
  • Must have a good credit rating
  • Late fee of $10 for every 7 days

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 year(s).
  • 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 (One-off establishment fee) 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 to ensure you end up with the right loan for you.

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30 Responses

  1. Default Gravatar
    JohnDecember 30, 2016

    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%?


    • finder Customer Care
      MayJanuary 2, 2017Staff

      Hi John,

      Thanks for your question and for contacting – 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.


  2. Default Gravatar
    EmmaAugust 11, 2016

    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?

    • finder Customer Care
      ElizabethAugust 11, 2016Staff

      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. Yo can find out more information on this page.

      Hope this helps,


  3. Default Gravatar
    stevenApril 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?

    • finder Customer Care
      ElizabethApril 11, 2016Staff

      Hi Steven,

      Unfortunately you cannot submit a joint application for the Citibank Ready Credit. You can find a list of lenders, including banks and car loan lenders, that will accept applications from those receiving Centrelink payments on this page.

      I hope this will help.



  4. Default Gravatar
    EstherFebruary 20, 2016

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

    • finder Customer Care
      ElizabethFebruary 22, 2016Staff

      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,


  5. Default Gravatar
    glendaMay 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

    • finder Customer Care
      ElizabethMay 20, 2015Staff

      Hi Glenda,

      Thanks for your question.

      In order to be eligible for this loan you need to have a taxable income of at least $35,000 per year, so you may not be eligible. You can compare your other loan options on this page, and to check the eligibility requirements just click through to the review of the loan by clicking on the name of the loan.

      I hope this has helped.



  6. Default Gravatar
    donnaApril 13, 2015

    hi I am trying to get a loan for $8000.00 is there anyone that can help me please I am on a disability pension

    • finder Customer Care
      ElizabethApril 13, 2015Staff

      Hi Donna,

      Thanks for your question.

      You can compare loans available for those receiving a pension on this page, however, the maximum loan amount is usually set a bit lower. Lenders will look at your current financial position as well as your ability to manage repayments on your income when considering you for a loan, so keep this, as well as the set eligibility criteria, in mind before applying.

      I hope this has helped.



  7. Default Gravatar
    danApril 1, 2015

    Hi I would like to get a loan of 20,000 but I have a credit card with Citibank and I went over limit last month will I be able to get this loan

    • finder Customer Care
      ShirleyApril 7, 2015Staff

      Hi Dan,

      Thanks for your question.

      Please note that is an online comparison service and is not in a position to assess your eligibility.

      If you would like to discuss your eligibility or options, please get in touch with Citibank directly.


  8. Default Gravatar
    KaiAugust 6, 2014

    If your taxable income is less than 35000pa is it possible to secure a loan with assets?

    • finder Customer Care
      ElizabethAugust 7, 2014Staff

      Hi Kai,

      Thanks for your question.

      The minimum income requirement is set by Citibank, and so your query may be better directed to them. I’ve emailed you with their contact details.



  9. Default Gravatar
    MelissaJuly 23, 2014

    Is the offer above still available at 4 yrs from 5.9%. Where do I find out more info on it. Thanks

    • finder Customer Care
      ShirleyJuly 24, 2014Staff

      Hi Melissa,

      Thanks for your question.

      Unfortunately this offer is not available anymore – we apologise for any inconvenience this may have caused.


  10. Default Gravatar
    NicoleJuly 22, 2014

    hi we are wishing to purchase a brand new Toyota hilux 4×4 for $36495 . We can contribute $10000 so would require the balance to be financed over 5 yrs . Could u tell me the fees and charges associated with this product and what the fortnightly repayments would be . The interest rate as well please

    • finder Customer Care
      ShirleyJuly 23, 2014Staff

      Hi Nicole,

      Thanks for your question.

      Please see the Pros and Cons Tab for the fees involved. Our personal loan calculator can give you an indication of your fortnightly repayments could be.

      After the four year promotional period, the interest rate reverts to a variable 19.99% p.a. (at the time of writing).


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