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Compare our lending products.

 

  Citi Personal Loan Plus Citi Ready Credit
Introductory rate N/A 8.9% p.a. for 5 years on the initial balance you request to be transferred to your bank account within 3 months of approval.4
Annual Percentage Rate (APR) 10.90% p.a. for new loans only.
Interest rate current as at 1 July 2024 and subject to change at any time.
20.99% p.a. 
Comparison Rate 11.19% p.a.1 N/A
Loan amounts $2,000 - $55,000 $5,000 - $75,000
Ability to make additional repayments
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No early pay out fees
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Security Unsecured Unsecured
Ability to redraw available funds
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Repayment frequency Monthly Monthly
Minimum repayments Your initial loan to be repaid in equal monthly instalments.2  Any use of the reusable card balance will require additional repayments above the monthly instalment. Choose your own repayment each month - with the minimum being the greater of $25 or 2% of the outstanding balance (monthly instalments billed separately).

Eligibility

Minimum age 18 18
Approval criteria
  • Have a good credit rating
  • Be a permanent Australian resident
  • Have a good credit rating
  • Be a permanent Australian resident

Fees and charges

Annual fee $0 $0
Establishment fee $1993 Save $50 with a reduced establishment fee of just $149, normally $199.5
Monthly fee $10. Waived for applications submitted from 20 December 2023 to 1 September 2024. $0
Redraw fee $0 $0
Early termination fee $0 $0
There may be circumstances in which you have to pay other fees. A full list of current fees applicable can be viewed at our Personal Lending Rates, Fees & Charges  page.
 

Citi Personal Loan Plus

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Citi Ready Credit

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Learn more about this offer

 

Eligibility

Fees and charges

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.

Fees and charges apply. Terms and conditions apply and are available upon request. New applications only and not available in conjunction with any other offer.

This information is current as at 1 July 2024.

Citi Personal Loan Plus

To obtain a copy of the Target Market Determination (TMD) related to this product click here.

The advertised Citi Personal Loan Plus rate is for new loans only and is subject to change at any time.

Your instalment loan will appear as a 'Fixed Payment Option' on your statement. Payment of the Monthly Instalment enables you to pay off the loan within your chosen term of 3, 4 or 5 years.

a) Any use of the reusable credit facility will require monthly repayments in addition to the Monthly Instalment. These amounts will be included in the Minimum Payment Due amount on your statement.

b) Monthly repayments will first be allocated towards payment of your instalment loan(s). Any additional payments will be applied to any balances that are not part of your instalment loan(s).

c) If you fail to pay your Monthly Instalment, we reserve the right to cancel your instalment loan.

d) For the full terms and conditions of your instalment loan, please refer to the Unsecured Credit Terms and Conditions and Other Important Information.

1. Comparison rate and representative example are based on a 5 year unsecured variable rate loan of $30,000.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

2. Payment of the monthly instalment enables you to pay off your initial loan within your chosen loan term. You can choose to reuse credit up to your approved credit limit. Any use of the reusable credit facility will require additional monthly repayments on your loan. There will be no end date for your reusable credit facility. For the full terms and conditions of your instalment loan, please refer to the Unsecured Credit Terms and Conditions and Other Important Information.

3. An establishment fee of $199 will be debited to your Account on the date we issue you a statement of Account for the Statement Period in which you first use or 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.

Citi Ready Credit

To obtain a copy of the Target Market Determination (TMD) related to this product click here.

4. Introductory rate: Offer commenced 1 May 2024. 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 20.99% p.a. 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 20.99% p.a. 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. We may vary or end this offer at any time.

5. Reduced establishment fee: Offer commenced 1 May 2024. An Establishment Fee of $149 will be debited to your Ready Credit account on the date we issue the first statement of account after you activate your account. The Establishment Fee is billed in addition to the amount borrowed. We may vary or end this offer at any time.

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