Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$490
based on $15,000 loan amount for 3 years at 10.90%
Pros and cons
For Citi Personal Loan Plus
Benefits
- No ongoing fees
- Unlimited extra repayments
- No security required
- Can apply online
- Use the loan for any worthwhile purpose
Drawbacks
- Higher than average application fee
- Monthly repayments only
- Cannot apply in branch
Citi Rate Personal loan overview
For Citi Personal Loan Plus
Details
Total repayments $17,653 | Interest rate type Variable |
Borrowing range $2k - $55k | Security type Unsecured |
Loan term 3 to 5 years | Secured by |
Loan type Is Fully Drawn Advance | Repayment frequency Monthly |
Target Market Determination Visit Citi to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $199 | Ongoing Fee $0 |
Missed Payment Penalty $15 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Debt Consolidation | Renovation |
Holidays | Medical Bill |
Shares | Student Loan |
Wedding |
Disclaimer
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded financial and credit products. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080,
AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
FAQs
How long are $3000 loans?
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.