Citi Personal Loan Plus

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I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No early exit penalty
  • Can apply online
Cons:
  • Monthly fee charged
  • Application fee charged
  • Cannot apply in branch
  • Has ongoing fees

Details & Fees

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$199
Ongoing Fee
Ongoing Fee
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$10
Redraw Activation Fee
Redraw Activation Fee
$0
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$199
Ongoing Fee
Ongoing Fee
$10 monthly
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$10
Redraw Activation Fee
Redraw Activation Fee
$0
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
Other Restrictions
Must be a permanent Australian resident, 18+ years and earn an income of $40,000 p.a. or more. This loan is not available to existing lending customers.

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.

About

Citi Personal Loan Plus offers a personalised variable interest rate based on your financial history and current circumstances, over a fixed term of three, four or five years. This unsecured loan also provides a reusable credit facility, which you can access without needing to reapply. There is no fee when you make additional repayments.

Eligibility/applying

To be eligible for the Citi Personal Loan Plus you must:
  • Be 18 years of age or older
  • Be a permanent Australian resident
  • Earn more than $40,000 a year
  • Have a good credit rating
  • Have no current or previous defaults and no history of bankruptcy
During the application process you will need the following documents:
  • Proof of address
  • Proof of residency
  • Proof of income and employment

Citi requires your two most recent pay slips. If you are self-employed, you’ll have to include a copy of your two latest tax returns or profit and loss statements for the past two financial years, as well as your most recent tax assessment.

More information

Things you should know about this loan (the full terms and conditions are available on the Citi website).

The Citi Personal Loan Plus offers a loan that fits you based on your credit history and current circumstances, including income and expenses.
Annual percentage rates range from 8.99% p.a. to 17.99% p.a. (comparison rate of 9.96% p.a. to 18.91% p.a.).

Any reference to rates is per annum. The comparison rate is a way of comparing loans by including both the advertised rate and the fees involved. It is calculated based on a loan of $10,000 over 3 years, and represents the effective rate on the loan.

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