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Citi Personal Loans

Borrow up to $55,000 as a personal loan or a line of credit. Fees and charges vary according to the loan product. Citi requires applicants to provide proof of income and be permanent residents or Australian citizens.

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Formerly part of the international Citigroup, Citi's consumer business was purchased by NAB in June 2022. They offer a personal line of credit and a personal loan of up to $55,000. Their line of credit works in a similar way to a balance transfer credit card - where a standard rate applies after a low rate introductory period. An establishment fee will apply, but there is no annual fee.

Compare Citi personal loans

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Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Citi Personal Loan Plus
Variable3 - 5 Years $2,000 - $55,000
Interest Rate (p.a.)
Comp. Rate (p.a.)
Application Fee
Monthly Fee
Monthly Repayment
More Info
Special Offer: Monthly Fee of $10 waived for applications submitted before 30 June 2024.
Citi Ready Credit
VariableUP TO 5 Years $5,000 - $75,000
Interest Rate (p.a.)
to 20.49%
Application Fee
Monthly Fee
Monthly Repayment
More Info
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  • Ready Credit. This credit product is a debit card and a line of credit rolled into one. You'll get access to a total credit limit that you can then access through a balance transfer or cheque-to-self option. The loan can be used to pay for your travel or even buy new furniture. You can then pay off what you owe at your own pace because there is no fixed repayment term. You'll get an introductory rate of on your purchases, cash advances and initial balances transferred for a year. The standard rate of 8.90% p.a. applies after this period.
  • Citi Personal Loan Plus. You can still apply for up to $55,000, but rather than a line of credit, the Personal Loan Plus is structured like a standard personal loan. You'll receive the funds and pay it back over a period of up to 5 years.
  • Ready Credit - Fixed Payment Option. While this option is no longer available, it offered a fixed payment option for the same competitive rate.

Features and benefits of a Citi personal loan

  • Competitive interest rate. Citi's competitive interest rates make paying off of school fees, medical bills, insurance premiums and the like easier on your wallet. Keep in mind the fixed rate applies for a fixed term, after which a variable rate applies. Click through to the review pages for more information on the ready Credit.
  • Borrow based on your needs. The Citi Personal Loan Plus offers borrowing amounts between $2,000 and $55,000. While the Citi Ready Credit offers credit limits between $5,000 and $75,000.
  • Low minimum amount. Borrow as little as $5,000 if you only need to pay off small purchases.
  • No fixed repayments terms. With the Ready Credit, you can pay when it suits your budget and make additional repayments weekly, fortnightly or monthly. Keep in mind that minimum monthly repayments apply.
  • Redraw facility. Since Citi products have a revolving credit line, you have the freedom to redraw as often as you want at the standard variable rate, currently 8.90% p.a. Enjoy the flexibility of the redraw facility offered with a Citi personal loan and get cash whenever it's available without having to go through the same application process.
  • Easy fund access. You can easily access your funds how you want. You can request a cheque or you have the option of getting a visa debit card to use for store and online purchases or withdrawal from ATMs.
  • Value-added benefits. Enjoy exclusive privileges from Citi, including dining and travel rewards with your Visa card.

What other products does Citi offer?

  • Everyday accounts. Breeze through day-to-day banking transactions while withdrawing money or receiving salary payments with your Citi Plus account. You can also take advantage of a Cash Investment Account and consolidate your cash into a single interest-earning account.
  • Savings accounts. Save with Citi’s Online Saver, Ultimate Saver, Ultimate Business Saver and Term Deposit accounts.
  • Credit cards. Citi offers a range of rewards and platinum cards, including the Emirates Platinum Card with an introductory offer. Aside from competitive interest rates, cardholders also enjoy benefits and privileges from partner establishments that are recognised worldwide.
  • Home loans. Citi also offers home loans including the Low Variable and Fixed Home Loan.
  • Other products. Investment accounts, insurance, retirement planning and other financial packages are available at Citi.

How you can apply for a Citi personal loan

If you're ready to apply, clicking "Go to Site" will securely direct you to Citi's website to fill out an application's form. Make sure you meet the minimum eligibility criteria before you click through:

  • You're over the age of 18
  • You earn at least $40,000 p.a.
  • You have a good credit rating
  • You are an Australian citizen or permanent resident
  • If you have an existing Citi personal loan or are a Ready Credit customer or credit card holder, you need to have held your account for at least six months.

You'll need the following details to complete the application:

  • Personal. Your name and contact information, including an email address.
  • Employment. Name of your employer, contact details for them and how long you've been working there.
  • Finances. Your income, expenses, assets, debt and liabilities.
  • Loan details. The credit limit you'd like to receive and whether you'd like a cheque or Visa debit card to receive your funds.

If a Citi personal loan has the flexibility and features you need, apply today, but ensure you've compared your options so you know it's the right loan option for you.

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20 Responses

    Default Gravatar
    JennyNovember 16, 2015

    We have unconditionally exchange contracts to sell our house but on an extended settlement of 6 months.We want to exchange on our next future home but need $150,000 to do this (and to achieve promise of simultaneous settlements, which is under negotiation right now).Our existing (but “sold”) house has plenty of equity but one bank has told us that, since contracts are already exchanged we are no longer the legal owners for the purposes of getting a bridging loan or deposit bond.We understand that the loan has risks attached (if our buyer refuses to settle by the due date or goes bankrupt), but need to know if there are any higher-risk lenders out there who can loan us $150,000 quickly for 6 months, but not as a Deposit Bond (requirements of contract for house we want to buy). Thanks.

      ElizabethNovember 17, 2015Finder

      Hi Jennifer,

      Thanks for your question.

      An option you may want to consider is a short-term fixed-rate home loan, although the minimum term offered by many lenders is one year, which may be too long. I recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this will be of use.


    Default Gravatar
    AshApril 17, 2015

    I have applied for 4 years Personal Loan at 8.99% pa, how long does it generally takes for approval and what are conditions for approval ?

      MattApril 20, 2015Finder

      Hi Ash,

      Thanks for your comment and background. Most banks do not give out their exact criteria for approval. If you’d like to discuss your application with Citibank it might be best to give them a call directly.


    Default Gravatar
    ShaySeptember 22, 2014

    Hey will you give loans to people who are on youth allowance and also working casual? I would like to get a loan for a car but have been rejected by a place jut because I’m on youth allowance. thanks.

      MattSeptember 22, 2014Finder

      Hi Shay,

      Thanks for your comment!

      We have a list of lenders offering personal loans for casual employees and part-time workers. You can use our table to compare your options. Once you have chosen a particular lender, you may then click on the “Go to Site” button to proceed with your loan application or get in touch with their representatives for further assistance.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.


    Default Gravatar
    KavithaAugust 6, 2014

    I received conditional approval email and a request to upload documents. Couple of days latter, I logged in to upload the document. At that time, the status of my application was displayed as ‘Rejected’. Am not sure why it was rejected, before I upload the document.

    Is there anything wrong? Please advise. Do I get notified, if my application rejected?

    I have uploaded the document, anyway. Any detail or clarification is much appreciated.


      ShirleyAugust 7, 2014Finder

      Hi Kavitha,

      Please speak to the customer service team at Citibank regarding this – there could have been a mistake with your application.

      There may have been a date that you were required to submit the documents by but it’s good to confirm this with Citibank anyway.


    Default Gravatar
    RajAugust 4, 2014

    My husband applied personal loan , he got conditional approval and also upload some bank statement .if I will get loan or not

      ShirleyAugust 5, 2014Finder

      Hi Raj,

      You’re required to upload your bank statement as proof of income.

      After the documents have been verified and are correct, then usually you are officially approved for the loan.


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