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Citi Personal Loans

Find out more about Citi's personal loans to see if they are right for you.

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As part of the world’s largest financial services organisation, Citigroup, Citi 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.

Citi Ready Credit

Citi Ready Credit

20.49 % p.a.

variable rate

  • Access a line of credit
  • 5.90% p.a. for 1 year on initial balances transferred (reverts to variable rate 20.49% p.a)
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100% confidential application

Citi Ready Credit

Citibank Ready Credit Loan offers a low-rate, flexible personal loan that caters to the needs of simplifying debt.

  • Interest rate from: 20.49% p.a.
  • Interest rate type: Variable
  • Application fee: $199
  • Minimum loan amount: $5,000
  • Maximum loan amount: $75,000
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Compare Citi's personal loans

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee
Citi Ready Credit
20.49% (variable)
Up to 1 year
Introductory fixed rate of 5.90% p.a. applies for 1 year
Get an introductory rate of 5.90% p.a. on your initial balances transferred for 1 year. Standard rate applies after this period. Note: This offer ends on 18 December 2020. Terms & conditions apply.
Citi Personal Loan Plus

From 9.99% (variable)
3 to 5 years
You'll receive a variable rate between 9.99% p.a. and 17.99% p.a. (9.99% p.a. to 17.99% 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: No establishment fee and no monthly account service fees apply if you apply and are approved before 18 December 2020.

Compare up to 4 providers

  • 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 5.90% p.a. on your purchases, cash advances and initial balances transferred for a year. The standard rate of 20.49% p.a. applies after this period. This offer ends on 18 December 2020. Terms & conditions apply.
  • 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 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.
  • Credit limit up to $75,000. Depending on your credit rating and based on the criteria set by Citi 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 Citi products have a revolving credit line, you have the freedom to redraw as often as you want at the standard variable rate, currently 20.49% 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 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 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.

More guides on Finder

  • Citibank Mortgage Plus Fixed Rate

    The Citibank Mortgage Plus Fixed Rate offers a competitive fixed rate and a range of package features to add value to your home loan.

  • Citibank Mortgage Plus Home Loan

    With a Citibank Mortgage Plus Home Loan you can get complimentary Home Loan packaging and access to great discounts.

  • Citibank Basic Home Loan

    The Citibank Basic Home Loan is a feature-packed mortgage option with a low rate to help you repay your loan sooner.

  • Citibank Fixed Rate Home Loan

    Lock in your rate for years with a Citibank Mortgage and enjoy the satisfaction of knowing that your repayments won't change over the fixed rate period

Personal Loan Offers

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

You'll receive a fixed rate between 6.99% p.a. and 25.69% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

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

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% 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.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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20 Responses

  1. Default Gravatar
    JenniferNovember 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
    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 ?

    • Avatarfinder Customer Care
      MattApril 20, 2015Staff

      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
    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.

    • Avatarfinder Customer Care
      MattSeptember 22, 2014Staff

      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
    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.


    • Avatarfinder Customer Care
      ShirleyAugust 7, 2014Staff

      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
    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

    • Avatarfinder Customer Care
      ShirleyAugust 5, 2014Staff

      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
    EricJuly 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?

    • Avatarfinder Customer Care
      ShirleyJuly 7, 2014Staff

      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
      EricJuly 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!!!!!!

    • Avatarfinder Customer Care
      ShirleyJuly 7, 2014Staff

      Hi Eric,

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


    • Default Gravatar
      EricJuly 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.

    • Avatarfinder Customer Care
      ShirleyJuly 8, 2014Staff

      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
      EricJuly 8, 2014

      How do I contact customer service?

    • Avatarfinder Customer Care
      ShirleyJuly 9, 2014Staff

      Hi Eric,

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


  7. Default Gravatar
    KimApril 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

    • Avatarfinder Customer Care
      MarcApril 15, 2014Staff

      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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