Citi Ready Credit: Flexible Line of Credit

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Citi's Ready Credit offer is a low-rate, line of credit that can cater to a range of your personal financial needs.

Citi Ready Credit offers a convenient line of credit solution, giving you access to funds when you need them. There are also no monthly or annual fees with this account.

From 7.9% (variable)

Interest Rate (p.a.)


Min Loan Amount


Product NameCiti Ready Credit
Interest Rate (p.a.)From 7.9% (variable)
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$75,000
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Features of the Citi Ready Credit Flexible line of credit

  • Loan amount. You can be funded up to $75,000, depending on Citi's lending criteria and your credit history.
  • Available as a balance transfer, or a cheque. If you request a cheque, this will appear as a BPAY balance transfer on your statement. You an only request BPAY balance transfer or cheque, not both.
  • Offer available for funds made within 90 days of account opening. The 7.9% p.a. for 2 years interest rate applies to balance transfer and cheques-to-self requested within 90 days of account opening. Any outstanding balances after the balance transfer period will revert to the standard variable rate, currently 19.99% p.a.
  • No early payout fees, monthly fees or annual fees. You don't need to worry about any of these fees during the life of your loan.
  • Flexibility. You can withdraw funds at your convenience, up to your approved credit limit at the standard variable interest rate of 19.99% p.a. (not at the promotional rate).

Ready to apply?

  • Important: Upon approval of your application, you must call Citi to activate this promotional offer.

If you would like to apply for this line of credit, please click "Go to Site" to be safely redirected to the application page. Before you do, make sure you meet the below eligibility criteria and that you have the required documentation on hand.

Eligibility criteria

  • You are 18 years of age or older
  • You have a good credit history
  • A minimum income of $40,000 p.a.
  • You are a permanent resident or citizen of Australia
  • You can provide an email address that you check regularly. Please note that statements will be sent to this email.

Required documents

  • Personal details. Driver's License, contact details, etc.
  • Employment details. You will need your employer's details, address and recent payslips. If you have been at your current job for less than two years, you'll need to inform Citi of your previous job.
  • Personal income and expenses. You'll need to provide details of your income, as well as general expenses.
  • If requesting a balance transfer. You'll need to provide the name of the account, type of card/account number, amount you want to transfer and the existing financial institution's name and address.

What happens after I've applied?

You'll receive an email containing a 17-digit Application ID. You can use this number to check the status of your application online through Citi.

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Personal Loan Offers

Important Information*
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Citi Personal Loan Plus

You'll receive a variable rate between 8.99% p.a. and 17.99% p.a. (9.67% p.a. to 18.6% 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. Note: The establishment fee will be waived if you apply before 30 September 2019.

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Benefit from no ongoing fees, no early repayment fees and flexible loan terms on amounts up to $30,000.

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You'll receive a variable rate between p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

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Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

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  1. Default Gravatar
    December 7, 2015

    Hi, I am looking to borrow $32,000 to consolidate a personal loan and a couple of credit cards.
    what would be the minimum repayment amount per month on this amount?

    • AvatarStaff
      December 9, 2015

      Hi JB86,

      Thanks for your question.

      The minimum payment depends on how long you take the loan out for and also how much of the loan you use to consolidate your debt. Only 80% of your credit limit can have the 5.9% promotional rate, so you will need to apply for about $40,000 if you plan to use the entire $32,000 to consolidate your debt and want the promotional rate applied to the entire amount. Another important point to keep in mind is that any of the remaining 20% of the credit limit you use will be charged at Citibank’s standard promotional rate, which is currently 19.99% p.a. This rate also applies to any unpaid balance after two years.

      An estimate of your repayments for $32,000 at the 5.9% p.a. rate is $1,423 per month for a two-year loan term, this is including the $129 establishment fee that you will need to pay. Remember that this is only an estimate of your repayments and that you will need to check your loan contract before you apply.

      I hope this has helped.



  2. Default Gravatar
    November 11, 2015


    Do u accept customers with accounts in other banks(ANZ)? And i was looking into borrowing $5000 for my medical expenses. And i would like to pay that off within 10months.
    Would i be able to pay different amount monthly?
    And the interest rate of 6.9% will be on $5000?
    How much roughly would i have to pay back?


    • AvatarStaff
      November 12, 2015

      Hi GS,

      Thanks for your question.

      When you apply for Citibank Ready Credit you will need to list all your financial information including any debts you have with other banks and accounts, but as long as you meet the minimum criteria you will be able to apply.

      You need to meet the minimum monthly repayments, but you have flexibility to choose your monthly repayment amount.

      The 5.9% rate applies to only 80% of your credit limit, so if you would like that applied to $5,000 you would need to apply for a total limit of $6,250. There is an option for a personal cheque to self that can be requested at the beginning of the loan term, where you can request the $5,000.

      Keep in mind if you use any of the remaining $1,250 the standard variable rate, currently 19.99% p.a., will be applied to that amount.

      You’re able to repay your loan at any time without penalty, so your repayment would be the principal loan amount plus the $129 establishment fee at the interest rate of 6.9% p.a. You can calculate your repayments here.

      Keep in mind the calculator is intended as a rough guide, and your complete repayments, interest and fee will be set out in your loan contract when you apply.

      I hope this has helped.



  3. Default Gravatar
    October 27, 2015

    Does this loan mean I only pay the 6.9% interest on the amount that I borrow? The amount that is outstanding debt each month?


    • AvatarStaff
      October 29, 2015

      Hi Narelle,

      Thanks for your question.

      The 6.9% interest is charged on the balance transfer amount, which can be up to 80% of your credit limit. Any further amount you use during your loan term will attract interest at the standard variable rate, currently 19.99% p.a.

      I hope this has helped.



  4. Default Gravatar
    October 15, 2015

    me and my wife own our home outright.
    She is on a center-link DSP and i am her full time carer on a center-link carers pension.
    This is a permanent situation.
    I am in my 50’s.
    We would like to consolidate all our debts into one,credit cards,personal debts.
    We would therefore need $36,000.This would also give us an extra $3000 cash.Total amount to be repaid over 5 years.
    Could we get a straight line of credit or could we get a line of credit against our house.
    we live in Brisbane.

    • AvatarStaff
      October 15, 2015

      Hi Warren,

      Thanks for your enquiry.

      You can read our guide about debt consolidation on this page and compare a range of personal loans that are suited for debt consolidation purposes.

      We also have some useful information about line of credit equity loans which you can read here.

      However, given that you’re receiving the Centrelink carers pension, lenders will treat your application on a case-by-case basis but ultimately they will determine whether your benefit is sufficient to service the loan.

      If you require further assistance, you can fill out the form on one of the above linked pages to speak with a mortgage broker to discuss your unique borrowing options.

      All the best,

  5. Default Gravatar
    October 7, 2015

    If am approved for 60k and use 40k for balance transfer can I use the remaining 20k on other bills and purchases ? how do I access the 20k funds ? will the total amount be at the 3 year interest rate? Thanks

    • AvatarStaff
      October 8, 2015

      Hi Bobby,

      Thanks for your question.

      That’s correct, if you are approved for a 60k credit limit you will be able to balance transfer up to 80% of that credit limit and have access to it for the 6.9% rate. You will still have access to the remaining 20% of your limit through your online account and Visa debit card at the standard variable rate, which is currently 19.99% p.a.

      I hope this has helped.



  6. Default Gravatar
    September 16, 2015

    I am looking for a personal loan of $4500 to purchase a vehicle. If i applied for this would i request a limit higher like $6000 and only use $4500 so under the 80% to get the 6.9% rate? And if this is the case would my repayments be based on $4500 (what i had spent) using the calculators or $6000 if that was my card limit?
    Thank you.

    • AvatarStaff
      September 17, 2015

      Hi TD,

      Thanks for your question.

      Your repayments are based on what you spend, not on your actual limit, so only on the $4,500.

      I hope this has helped.



  7. Default Gravatar
    September 1, 2015

    Hi, I have a remaining 18thou personal loan at my bank and another two credit cards that has a balance of 19thousand, I am paying a lot of interest at this moment, I have two jobs and I want to consolidate my finances, is it possible for me to get approved. I don’t get delay when it comes to payment but I find it hard now paying too much interest. Thank you

    • AvatarStaff
      September 1, 2015

      Hi Karren,

      Thanks for your question.

      The minimum eligibility criteria for this personal loan is that you:
      – are 18 years of age or older
      – have a good credit history
      – earn a minimum income of $35,000 per annum
      – are a permanent resident or citizen of Australia
      – can provide an email address that you check regularly. Please note that statements will be sent to this email.

      If you meet the above minimum criteria then you will be able to apply. If you’re approved for a balance transfer you will be able to transfer up to 80% of your approved credit limit with the debts you outlined (personal loan and credit cards).

      I hope this has helped.



  8. Default Gravatar
    August 18, 2015

    Hi, Can you please advise me to how much would be the repayments on a personal loan of $5,000 over 3 years.



    • AvatarStaff
      August 19, 2015

      Hi Tim,

      Thanks for your question.

      We’ve got some personal loan calculators on this page that can show you your repayments – but monthly repayments on a $5,000 for 3 years charged at 6.9% would be $154. Before you apply you should do your own calculations, and also keep in mind this does not include the application fee that is charged with this loan.

      I hope this has helped.



  9. Default Gravatar
    August 2, 2015

    Hi there,

    I would like to apply for a $10,000 personal loan and hopefully pay it off sooner than 3 years (planning on 1 year). How long would my application be approved once I have applied for it?

    Looking forward to your reply.


    • AvatarStaff
      August 3, 2015

      Hi Abigail,

      Thanks for your question.

      The application process takes about ten minutes to complete and you’ll receive a response within 60 seconds of submitting your form. You’ll also receive an email with a 17-digit reference number that you can use to track your application.

      I hope this has helped.



  10. Default Gravatar
    July 31, 2015

    Thanks a lot Elizabeth

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