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Rates, Fees & Charges


Introductory Rate
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 approval
 
 

Annual Percentage Rate (APR)
20.49% p.a.
 
 

Fee
Amount
When is the fee charged
How can you avoid the fee

Establishment Fee
Save $100 with a reduced establishment fee of just $99, normally $1992
Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.
N/A

Annual Fee
$0
N/A
N/A

Late Payment Fee
$15
Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.
Always make the Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.

Paper Statement Fee
$2 per month
Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.
Switch to electronic Statements. Click here for more details.

International Transaction Fee
2.5% of the converted AUD amount
Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by us to the scheme (where applicable).
This fee only applies to transactions in foreign countries or made in foreign currency.


Annual Percentage Rate (APR)

10.90% p.a. for new loans only. 
Interest rate current as at 1 November 2023 and subject to change at any time.

 
 

Comparison Rate

11.19% p.a.3

 
 

Fee

Amount

When is the fee charged

How can you avoid the fee


Establishment Fee

$1994

 

Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.4

N/A


Monthly Account Service Fee

$10. Waived for applications submitted from 20 December 2023 to 30 June 2024.

 

N/A


Late Payment Fee
 

$15

Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

Always make the Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.


Paper Statement Fee

$2 per month

Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

Switch to electronic Statements. Click here for more details.


International Transaction Fee

2.5% of the converted AUD amount

Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by us to the scheme (where applicable).

This fee only applies to transactions in foreign countries or made in foreign currency.


Business Credit is closed to new accounts


Annual Percentage Rate (APR)

14.59% p.a.

 
 

Fee

Amount

When is the fee charged

How can you avoid the fee


Establishment Fee

$149

Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.

N/A


Annual Fee

$120

Debited on first use including activation of product and then on each anniversary of the date of product approval

N/A


Late Payment Fee
Effective 1 June 2023

$15

Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

Always pay the Total Minimum Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.


Paper Statement Fee

$2 per month

Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

Switch to electronic Statements. Click here for more details.


International Transaction Fee

2.5% of the converted AUD amount

Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by us to the scheme (where applicable).

This fee only applies to transactions in foreign countries or made in foreign currency.


Personal Credit is closed to new accounts


Annual Percentage Rate (APR)

16.59% p.a.

 
 

Fee

Amount

When is the fee charged

How can you avoid the fee


Establishment Fee

$69

Debited to your Account on the issue date of your first statement of Account for the Statement Period in which you first use or activate your Account.

N/A


Annual Fee

$99

Debited on first use including activation of product and then on each anniversary of the date of product approval.

N/A


Late Payment Fee

Effective 1 June 2023

$15

Each time we do not receive the Minimum Payment Due and any Overdue Amount by the payment due date, debited to your Account after the payment due date. The Minimum Payment Due, any Overdue Amount, and payment due date are detailed on your statement of account.

Always pay the Total Minimum Payment Due on or before the Payment Due Date. Alternatively, set-up Easi-Pay to automate your payment.


Paper Statement Fee

$2 per month

Charged when we issue you a paper statement, and debited to your account in the following statement period. This may be waived in limited circumstances.

Switch to electronic Statements. Click here for more details.


International Transaction Fee

2.5% of the converted AUD amount

Charged for any transaction made in foreign currency. This amount includes a service and assessment fee payable by us to the scheme (where applicable).

This fee only applies to transactions in foreign countries or made in foreign currency.


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 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.

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.

This information is current as of 1 November 2023.

Citi Ready Credit

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

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. 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. 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 April 2024. Post this advertised date, we reserve the right to continue, withdraw or change the offer at any time without notice. 

2. Reduced establishment fee: An Establishment Fee of $99 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. This reduced Establishment Fee applies to applications submitted from 1 November 2023 to 30 April 2024 only. Post this advertised date, we reserve the right to continue, withdraw or change the offer at any time without notice.

Citi Personal Loan Plus

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

3. Comparison rate 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.

4. 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. 

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