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 – Fixed Payment Option
Citibank Ready Credit - FPO offers a competitive interest rate and flexible loan repayment offer.
- Interest Rate From: 9.99% p.a.
- Interest Rate Type: Fixed
- Application Fee: $149 (One-off establishment fee)
- Maximum Loan Term: 4 year
- Minimum Loan Amount: $5,000
- Maximum Loan Amount: $60,000
Compare Citibank's personal loans
- 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.
- Ready Credit - Fixed Payment Option. This option does come with a fixed payment option but with the same competitive rate. Buy a new car, prepare for your wedding or renovate your home. Stay in control of your finances and save on interest charges.
Features and benefits of a Citibank personal loan
- Competitive interest rate. Citibank’s competitive interest rates makes 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 $60,000. Depending on your credit rating and based on the criteria set by Citibank for further evaluation, you can borrow as much as $60,000.
- Low minimum amount. Borrow as little as $5,000 if you only need to pay off small purchases.
- No fixed repayments terms. 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.