Things you should know

The advertised Citi Personal Loan Plus rate is for new loans only and is subject to change at any time. Fees and charges apply. Terms and conditions apply and are available upon request. Credit criteria apply. To obtain a copy of the Target Market Determination (TMD) related to this product click here.

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 at 1 August 2022.

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. 1. Comparison rate and representative example are based on a 5 year unsecured variable rate loan of $30,000. The estimated total amount payable at an interest rate of 8.90% p.a. (comparison rate 9.18% p.a.) is $37,476.74 including the $199 establishment fee. 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. 2. To be eligible to receive 150,000 Velocity Frequent Flyer Points, you must apply for this offer for a Citi Personal Loan Plus account by 30 September 2022 and activate within 90 days of approval. We will request your Velocity Frequent Flyer membership number from you via email within 6 weeks from the date your account is activated. If you do not provide us with your Velocity Frequent Flyer membership number within 30 days from our first requesting it, the Velocity Frequent Flyer Points will be forfeited. The Velocity Frequent Flyer Points will be credited to your Velocity Frequent Flyer account within 90 days from the date we receive your Velocity Frequent Flyer membership number provided your Citi Personal Loan Plus account is open and in good standing and your loan has not been repaid in full. Membership of Velocity 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, available at velocityfrequentflyer.com. This offer is valid until 30 September 2022. Post this advertised date; we reserve the right to continue, withdraw or change the offer at any time without notice.

3. 3. An establishment fee of $199 will be debited to your loan 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.

4. 4. 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.

5. 5. No Monthly Account Service Fee applies to applications submitted from 31 March 2021 to 30 September 2022. Post this advertised date we reserve the right to continue, withdraw or change the offer at any time without notice. Other service fees and charges including late payment fee and dishonour fee may apply.

6. 6. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

7. * Departing Sydney to Los Angeles, Brisbane to Fiji, and Melbourne to London. The quoted redemption fares are correct as at 1 August 2022 and are subject to change. Fares are subject to availability, and seats are limited and may not be available at peak times. Redemption bookings are based on a one-way Business Reward Seat for Sydney to Los Angeles, return Business Reward Seat for Brisbane to Fiji, and a return Economy Reward Seat for Melbourne to London. Reward Seat bookings must be booked on the Velocity website. Add $40 or 5,200 Points per person for bookings made on the phone. A checked baggage allowance is included in your fare, view Reward Seat Baggage Allowances for details. Taxes, fees and carrier charges are payable at the time of booking and will vary depending on carrier, city pair, fare class date and time of booking. 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. Full terms and conditions at velocityfrequentflyer.com.