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Citi Ready Credit

8.9% p.a. for 5 years
on the initial balance that you request to be transferred within 3 months of approval.1

Apply now

70000 bonus Velocity points

Adventure is calling with 70,000 bonus Velocity Frequent Flyer Points2

Here are some more reasons to choose Citi Ready Credit

Citi Ready Credit is a line of credit that can help bring your grand plans to life! You can spend on a big purchase like a second-hand car, a family holiday or use it to pay off an existing balance.  Enjoy an introductory fixed rate of 8.9% p.a. for 5 years on the initial balance that you request to be transferred to your bank account.1

Apply online in as little as 10 minutes and you’ll also receive 70,000 bonus Velocity Frequent Flyer Points when you request a balance to be transferred of $5,000 or more within 3 months from approval.2 Whatever your needs may be, Citi Ready Credit ensures you have the funds you need, when you need them.

A standard variable rate of 20.49% p.a. (20.99% p.a. effective 3 June 2024) applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period. 

 

Balance transfer icon
Enjoy a rate of 8.9% p.a. for 5 years on the initial balance that you request to be transferred to your bank account within 3 months of approval1
Transfer amount icon
Request a transfer of up to 100% of your credit limit, at the introductory rate, to an Australian bank account in your name
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Choose your repayments each month above the minimum payment due
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Only pay interest on the amount you have used, not on your whole credit limit
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Apply online in as little as 10 minutes and tap into a line of credit whenever you need
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A one-off establishment fee of $1993

Where could 70,000 Velocity Frequent Flyer Points take you?

Adventure in Asia

Fly from Melbourne to Singapore return, on an Economy Class Reward Seat (58,000 Velocity Points, plus $278.47 in taxes, fees and carrier charges) flying with Singapore Airlines.*

Points to Paradise

Fly from Sydney to Fiji return, on an Economy Class Reward Seat (35,600 Velocity Points, plus $300.50 in taxes, fees and carrier charges) flying Virgin Australia.*

Uncover USA

Fly from Brisbane to San Francisco one-way, on an Economy Class Reward Seat (44,800 Velocity Points, plus $121.61 in taxes, fees and carrier charges) flying United Airlines.*

What can I use Citi Ready Credit for?

Personal Loan Alternative for a Car

Upgrade your car

Simplify your next car purchase with Citi Ready Credit. Pay interest on only what you use not your entire credit limit, giving you the negotiating power like never before.

Personal Loan Alternative for Home Renovations

Transform your home

Make your dream home a reality without stress. Citi Ready Credit offers flexible repayments, so you can manage your renovation with smoothly without touching your existing assets like your home loan.

Personal Loan Alternative for a Holiday

Your ticket to travel

Finance your entire holiday hassle-free from flights, to accommodation and more. Pack your bags and let Citi Ready Credit redefine your travel financing experience.

Personal Loan Alternative for Unexpected Expenses

Make the unpredictable more manageable

Manage life's surprises effortlessly with Citi Ready Credit. Flexible repayments allow you to adapt and plan for life's unexpected situations like car repairs, medical bills or home emergencies.

Follow these 3 steps to activate your introductory offer1

STEP 1
Apply for Citi Ready Credit
STEP 2
Get approved and activate your Lending Mastercard to set up your account
STEP 3
Call 1300 883 930 within 3 months of approval to request for the money to be transferred at the introductory rate to your bank account

Once the money's in your bank account, whenever you find that dream car or that big family holiday, you're ready to go for it.
 

Repayment calculator

To give you an idea of your estimated monthly repayments on the initial amount transferred to your account, enter the amount you'd like to borrow.

8.9% p.a.

for 5 years on the initial balance you request to be transferred to your bank account1

I want to borrow

$5,000
5000
$5,000
$75,000

Your estimated repayments will be

*Your monthly repayments are flexible. This is the monthly repayment you would need to repay the initial balance transferred in full at a rate of 8.9% p.a. for 5 years. It does not take into account the establishment fee, ongoing purchases and cash advances.
The minimum payment due on your statement will not be the same as the monthly repayment shown here. You can pay more than the minimum payment due with no additional repayment fee.
A standard variable rate of 20.49% p.a. (20.99% p.a. effective 3 June 2024) applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.

Here's what you'll
need to apply for Citi Ready Credit

Around 10 minutes to completed the application

Around 10 minutes to completed the application

Be 18 years or older and a permanent Australian resident

Be 18 years or older, a permanent Australian resident and have your BSB and Account number ready

Upload your documents

Upload your documents (e.g. drivers licence, Medicare card and proof of income) with your application for a faster review

Rates and fees

 

Introductory rate
8.9% p.a. for 5 years on the initial balance transferred1

Annual Percentage Rate (APR)
20.49% p.a. (20.99% p.a. effective 3 June 2024)

Establishment fee
A one-off establishment fee of $1993

Monthly service fee
$0

Cash advance fee
$0

Early pay out fee
$0

Additional repayments fee
$0

There may be circumstances in which you have to pay other fees. A full list of current fees applicable to Citi Ready Credit can be viewed at our Personal Lending Rates, Fees & Charges page.

Citi Personal Loan Plus


Not quite what you're looking for?
 

Consider Citi Personal Loan Plus with a low variable rate of 10.90% p.a. and fixed monthly repayments for 3, 4 or 5 years. (Comparison rate 11.19% p.a.) Comparison rate warning. Fees and charges, T&Cs apply.

Learn more >

Citi Ready Credit FAQs

Calculators & tools

Borrowing power calculator

Estimate what you can borrow with our helpful borrowing power calculator

How much can I borrow

Compare loans

Compare our personal lending products and find the one that best suits your needs

Compare loans

Important information

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 credit products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.

Our/us/we means NAB unless the context otherwise requires it.

“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.

Refer to the full Terms and Conditions related to this product here. To obtain a copy of the Target Market Determination (TMD) related to this product click here.

You should consider if this line of credit is suitable for you before applying. 

This line of credit, and the following benefits, are provided by National Australia Bank Limited (NAB) subject to their terms and conditions, see here for more details.

  1. Introductory rate: 
    The introductory interest rate of 8.9% p.a. will apply to balance transfers you request with this offer within 3 months from account approval. The introductory rate of 8.9% p.a will apply for a promotional period of 5 years. The 5-year promotional period will commence once the initial balance transfer is processed. This promotion will be treated as a balance transfer in accordance with the Unsecured Credit Terms and Conditions and Other Important Information. Any balance transfer requests submitted with your application will be processed when you activate your account. If you do not submit a balance transfer request with your application, you will need to call us to submit a balance transfer request within 3 months from account approval to request one, otherwise the introductory rate will not apply to your balance transfer and you will be charged the standard variable Annual Percentage Rate (APR), currently 20.49% p.a. (20.99% p.a. effective 3 June 2024). During the introductory period, repayments are allocated to balance transfers before retail purchases and cash advances, which attract interest at the standard variable APR of 20.49% p.a. (20.99% p.a. effective 3 June 2024). At the end of the promotional period, the APR on any outstanding balance transferred with this offer will revert to the standard variable APR. This offer excludes balances transferred from other Citi branded unsecured credit products. Offer ends 30 October 2024. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.
  2. 70,000 Velocity Frequent Flyer Points:
    Offer eligibility: To be eligible to earn 70,000 Velocity Frequent Flyer Points, you must apply for this offer by 30 October 2024, request a balance transfer of $5,000 or more within 3 months from approval, and provide a Velocity Frequent Flyer membership number linked to an account in your name to NAB within 2 months of our request for it.  Your account must be open, in good standing (for example, your account is not in default or suspended) and maintain a debit balance until the Velocity Frequent Flyer Points are credited. If you do not provide your Velocity Frequent Flyer membership number within 2 months from when NAB first request it, the Velocity Frequent Flyer Points will be forfeited.

    Offer exclusions: This offer is available only once per customer. If you have previously received, or are entitled to earn, 70,000 Velocity Frequent Flyer Points with this offer, you will not be eligible to earn another 70,000 Velocity Frequent Flyer Points with this offer. 

    Requesting your Velocity Frequent Flyer number: NAB will send you an email to the address maintained on your Citi Ready Credit account requesting your Velocity Frequent Flyer membership number from you within 2 months from the date the initial transfer of $5,000 or more was processed. 

    Receiving your Velocity Frequent Flyer Points: The Velocity Frequent Flyer Points will be credited to your Velocity Frequent Flyer account within 2 months of NAB receiving your Velocity Frequent Flyer number. 

    About Velocity Frequent Flyer: Membership of Velocity Frequent Flyer is your responsibility. Velocity membership and Points earn and redemption are subject to the Velocity member Terms and Conditions, as amended from time to time, are available at velocityfrequentflyer.com

    Offer expiry: This offer is valid until 30 October 2024. Post this advertised date: NAB reserve the right to continue, withdraw or change the offer at any time without notice.
  3. Establishment fee:
    An Establishment Fee of $199 will be debited to your Ready Credit account on the date NAB issue the first statement of account after you activate your account. The Establishment Fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.


* Velocity Frequent Flyer - Reward Seat Terms & Conditions
The quoted redemption fares are correct as at 13 December 2023 and are subject to change. Fares are subject to availability. Melbourne to Singapore Points value is based on an international return Economy Reward Seat fare with Singapore Airlines and must be booked on the Virgin Australia website and selecting “Use Points”. Sydney to Fiji Points value is based on an international return Economy Reward Seat fare with Virgin Australia and must be booked on the Virgin Australia website  and selecting “Use Points”. Brisbane to Los Angeles Points value is based on an international one-way Economy Reward Seat fare with United Airlines and must be booked on the Virgin Australia website and selecting “Use Points”. Taxes, fees and carrier charges are payable in addition to Velocity Points redeemed. Carrier charges apply for Reward Seat bookings on flights operated by Singapore Airlines, Virgin Australia, and United Airlines. Price may vary until ticketed. Reward Seats and associated charges are not eligible for Points earn. Seats are limited and may not be available at peak times or on all flights. Payment surcharge may apply. You can change or get a refund for your booking by paying a fee and any fare difference, at least 24 hours before scheduled departure. You may also request a refund for other reasons, including under the Australian Consumer Law. View the Velocity Reward Seat fare rules for more information. Some flights may be operated by a partner airline. Different baggage allowances and conditions may apply to these flights. Full terms and conditions at velocityfrequentflyer.com

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