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Citi Personal Loans

About Citi

Citi, the local arm of global financial services company Citigroup, has had a presence in the Australian banking space since 1985. It offers a range of personal loans for a variety of purposes, including renovations, holidays, and paying school fees. Its other products include home loans, insurance, transaction accounts and wealth management services. The lender can be contacted via phone, email or by stepping into a branch in metropolitan parts of Australia.

Features of a Citi personal loan

Citi’s personal loans are available for many purposes, including paying for special occasions and holidays. Borrowers can apply to borrow amounts anywhere from $5000 to $75,000 and if approved, have the flexibility to make additional repayments without penalty. Some loans come with a linked credit card.

The loan amount will be assigned based on your credit worthiness and may be lower than what you applied for if approved.

*The comparison rate for the Citi Personal Loan Plus is based on a 5 year unsecured variable rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Citi personal loan repayment calculator

Thinking about taking out a personal loan with Citi? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Citi personal loans compare with other options.

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Citi Personal Loans rates

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About Citi

Citi, the local arm of global financial services company Citigroup, has had a presence in the Australian banking space since 1985. It offers a range of personal loans for a variety of purposes, including renovations, holidays, paying school fees and debt consolidation. Its other products include home loans, insurance, transaction accounts and wealth management services. The lender can be contacted via phone, email or by stepping into a branch in metropolitan parts of Australia.

Features of a Citi personal loan

Citi’s personal loans are available for many purposes, including the purchase of a new car, special occasions and holidays. Borrowers can apply to borrow amounts anywhere from $5000 to $75,000 and if approved, have the flexibility to make additional repayments without penalty. Some loans come with a linked credit card.

While there is a moderate upfront fee on Citi loans, there are no ongoing fees. The loan amount will be assigned based on your credit worthiness and may be lower than what you applied for if approved.

What RateCity says

As one of the world’s most well-known lenders, Citi appeals to a broad group of borrowers, especially those looking for a solid customer service offering. It is available for a wide variety of purposes and its opening interest rates are average. However, borrowers who are unable to meet the conditions of the loan – such as set repayment schedules – should be warned they could be charged the standard variable rate, which is fairly high. The same applies on the fixed rate loan after the fixed period ends.

The application fees charged on Citi personal loans are fairly standard, while the lack of ongoing fee is a nice bonus. Before taking out a personal loan, it’s critical prospective borrowers investigate their ability to repay their loan and any additional charges that may apply for late payment.

FAQs

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans – they also get loaned less money. Each lender has its own policies, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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