Citi Personal Loans

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)

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

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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)		$5,000	Up to 1 year	$199	$0	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.	Go to site More Info	Compare	loading Fetching your data...
Citi Personal Loan Plus		From 9.99% (variable)	9.99%	$5,000	3 to 5 years	$0	$0	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.	More Info	Compare	loading Fetching your data...
Citi Ready Credit (3 Years Balance Transfer)		5.90% (fixed)		$5,000	Up to 3 years	$199	$0	Borrow between $5,000 and $75,000 Pay no fees and no asset security required. Note: This rate applies to the first 3 years and this promotion ends on 31 January 2021.	Go to site More Info	Compare	loading Fetching your data...

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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 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.
• 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.