Citibank Personal Loans

Rates and Fees verified correct on March 29th, 2017

Take advantage of Citibank’s personal loans and gain the financial freedom you deserve.

As part of the world’s largest financial services organisation, Citigroup, Citibank Australia began operations in 1985 when it was granted a full banking licence. It was the first foreign bank to be granted a banking licence in Australia.

Citibank Ready Credit 7.9%

Citibank Personal Loan

Citibank Ready Credit offers a promotional interest rate of 7.9% p.a. to borrow funds.

  • Interest Rate From: 7.90% p.a.
  • Interest Rate Type: Fixed
  • Application Fee: $149 (One off establishment fee)
  • Maximum Loan Term: 2 year
  • Minimum Loan Amount: $5,000
  • Maximum Loan Amount: $75,000

Compare Citibank's personal loans

Rates last updated March 29th, 2017
Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment
Citibank Ready Credit 7.9%
A low-rate, flexible personal loan that makes it easy to achieve what really matters to you.
From 7.9% (fixed) $5,000 2 years $149 (One off establishment fee) Go to site More
Citi Personal Loan Plus
Borrow up to $75,000 with this personal loan offer from Citi.
From 11.99% (variable) 12.77% $5,000 3 to 5 years $199 (monthly fees waived in the first year) Go to site More
  • Ready Credit. This credit product is a debit card and personal loan in 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.
  • Citi Personal Loan Plus. You can still apply for up to $75,000, 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 year(s).
  • 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 Citibank personal loan

  • Competitive interest rate. Citibank’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.
  • Credit limit up to $75,000. Depending on your credit rating and based on the criteria set by Citibank for further evaluation, you can borrow as much as $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 Citibank personal loans have a revolving credit line, you have the freedom to redraw as often as you want at the standard variable rate, currently 19.99% p.a. Enjoy the flexibility of the redraw facility offered with a Citibank personal loan and get cash whenever it’s available without having to go through the same loan 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 Citibank, including dining and travel rewards with your Visa card.

What other products does Citibank offer?

  • Everyday accounts. Breeze through day-to-day banking transactions while withdrawing money or receiving salary payments with your Citibank 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 Citibank’s Online Saver, Ultimate Saver, Ultimate Business Saver and Term Deposit accounts.
  • Credit cards. Citibank 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. Citibank 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 Citibank.

How you can apply for a Citibank personal loan

If you're ready to apply, clicking "Go to Site" will securely direct you to Citibank'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 $35,000 p.a.
  • You have a good credit rating
  • You are an Australian citizen or permanent resident
  • If you have an existing Citibank personal loan or are a Ready Credit customer or credit card holder, you need to have held your account for at least nine 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 Citibank 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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This page was last modified on 17 February 2017 at 9:37am.

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20 Responses to Citibank Personal Loans

  1. Default Gravatar
    Jenny | November 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.

  2. Default Gravatar
    Ash | April 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 ?

    • Staff
      Matt | April 20, 2015

      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.


  3. Default Gravatar
    Shay | September 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.

    • Staff
      Matt | September 22, 2014

      Hi There Shay,

      Thanks for your comment! You’ve left your comment on – a comparison service.

      To find out more about personal loans for casual employees, please visit our guide located here.


  4. Default Gravatar
    Kavitha | August 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.


    • Staff
      Shirley | August 7, 2014

      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.


  5. Default Gravatar
    Raj | August 4, 2014

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

    • Staff
      Shirley | August 5, 2014

      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.


  6. Default Gravatar
    Eric | July 7, 2014

    I wish to apply for a Citibank Personal Loan at from 8.99% but I have tried for several days to click “”apply” but each time screen goes blank. How do I apply?

    However I think I have already credit limit account but have not used it for years. Does it still exist?

    • Staff
      Shirley | July 7, 2014

      Hi Eric,

      Thanks for your question.

      Have you been using your work computer? There could be internet settings in place that are blocking you from applying.

      Please try again at home and let us know if the problem still occurs. You’ll also need to contact the customer service team at Citibank regarding your account. If you’ve never officially closed it, it may still be open.


    • Default Gravatar
      | July 7, 2014

      Re; Customer Service Team
      The response to my question, Ï think I may still have a ready credit account and limit but have not used same for several years – was, “May be still open if you have not officially closed same, contact Customer Service Team”
      Please advise me!!!!!!

    • Staff
      Shirley | July 7, 2014

      Hi Eric,

      Sorry I’m a bit confused as to what specifically you need advice on. Could you please reword your question?


    • Default Gravatar
      | July 8, 2014

      Reason I was asking,was if I still had a Ready Credit account (I think it had a limit of $20,000). With a name like mine it should be simple to find out one way or the other.

    • Staff
      Shirley | July 8, 2014

      Hi Eric,

      You’ve come through to, an online comparison service. We don’t actually handle any of the applications or accounts.

      If you would like to enquire about your existing Citibank account, please contact the customer service team at Citibank; they should be more than happy to assist you.


    • Default Gravatar
      | July 8, 2014

      How do I contact customer service?

    • Staff
      Shirley | July 9, 2014

      Hi Eric,

      You can find Citibank’s contact details through their official website. I’ve emailed you the link as well.


  7. Default Gravatar
    Kim | April 13, 2014

    Hi saw and add on Nz tv for city bank up to 60,000 for 8,95% is this the people who are doing this for kiwi’s

    • Staff
      Marc | April 15, 2014

      Hi Kim,
      thanks for the question.

      Unfortunately Citibank currently doesn’t offer personal banking services to New Zealand. You might want to compare other personal loan providers to find out what current deals they’re offering.

      Sorry I couldn’t be of more help,

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