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Make big things happen, with a low variable rate of 8.90% p.a. Comparison rate 9.18% p.a.1

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Low variable rate of 8.90% p.a.
Comparison rate 9.18% p.a.1

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No ongoing or early repayment fees, just a one-off establishment fee of $1992

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Apply in as little as 10 minutes

Get things going with Citi Personal Loan Plus

Build a deck. Pick up a second car for the family. Get a pool put in. If you’ve got a big purchase in mind, make it happen today with Citi Personal Loan Plus, a low rate unsecured personal loan with a reusable credit facility.


Variable rate 8.90% p.a
Comparison rate 9.18% p.a.1



Choose a 3, 4 or 5 year loan term3

Fixed monthly repayments

Make monthly budgeting easy with fixed monthly repayments for the initial loan3 and no monthly fee4

Peace of mind

Rest easy knowing your initial loan will be fully paid off by the end of the 3, 4 or 5 year term3

Access available funds

Access your available credit, if you ever need to, at the variable interest rate, without having to reapply3

Credit limit

From $5,000 - $75,000

Pay off your loan early

Make additional repayments or pay off your loan early, with no fee

Rates and Fees


Standard variable Annual Percentage Rate
8.90% p.a.

Comparison rate
9.18% p.a.1

Establishment fee
One off payment of $1992

Monthly fee

Early pay out fee
$0, meaning you can pay out the loan early without a penalty

Additional repayments fee

Cash advance fee

Minimum loan amount

Maximum loan amount


There may be circumstances in which you have to pay other fees. A full list of fees applicable to Personal Loan Plus can be viewed at the Personal Lending Rates, Fees & Charges page.



Additional funds when you need

Additional funds when you need

Extra funds you can dip into anytime

Citi Personal Loan Plus gives you access to a reusable credit facility, allowing you to dip into your available credit limit at a low variable rate of 8.90% p.a. without having to reapply.3 Just log in to Citibank Online and transfer the funds via EFT to your nominated bank account or buy things using your Citi Lending Debit Mastercard®.5

So for example, if you took out your initial loan to build a deck, after paying a portion off, you could dip into the money you’d paid back to convert your home to solar or to cover unplanned expenses.

Use our Personal Loan repayments calculator to estimate how much your repayments could be

I want to borrow


I want to pay it off in (years)

Your estimated repayments at 8.90% p.a.
Comparison rate 9.18% p.a.1 are:

$208/ month*

Representative example: Based on a loan amount of $10,000 over 60 months at an Annual Percentage Rate of 8.90% p.a. Comparison rate 9.18% p.a.1 your monthly repayment would be $208 per month. Total amount repayable $12,624.91 including the $199 establishment fee.

*This is the Monthly Instalment required to pay off your instalment loan within your chosen term. Assumes Monthly Instalments are made by payment due date each month. Excludes establishment fee and monthly fee, if applicable and any other charges. Any use of the reusable credit facility will require monthly repayments in addition to the Monthly Instalment. This calculation is an estimate only and does not represent quotes or pre-qualification for Citi Personal Loan Plus and is based on the accuracy of information provided. To apply for Citi Personal Loan Plus you must complete an application.

Check out what you could do with Citi Personal Loan Plus

Car loan

Time to help the kids out with a run around? Get cash for the seller and then pay the loan back over time.

Renovation loan

Whether it’s a fresh lick of paint, upgrading your kitchen or adding air conditioning, Citi Personal Loan Plus can make it happen.

Wedding loan

There’s the venue, the photographer, the catering and music. With so much to plan, let a loan take some of the stress out of it, so you can focus on the big day instead.

Here's what you'll need to apply

Around 10 minutes to completed the application

Earn more than $40,000 a year

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

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

Man in pool

Not quite what you're looking for?

Consider Citi Ready Credit with an introductory rate of 3.99% p.a. for 3 years on the initial balance transferred to your account. Reverts to standard variable rate. Fees, charges, T&Cs apply.

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


  • When is it a good idea to get a personal loan?

    A personal loan may be suitable for you if you want to borrow a relatively large amount of money upfront and have a set purchase in mind such as a car, home renovation, holiday, wedding or other large expense. It may also be good for you if you want to pay a set amount of money in repayments each month, knowing that at the end of the initial term the loan will be paid off in full.

  • What is a good personal loan rate?

    You may see unsecured personal loans advertised with a low ‘from’ rate, as in ‘from 8% p.a.’ However, the majority of Australians will be unable to access these low rates because only those with excellent credit ratings are eligible. According to Canstar, the average interest rate for people with good to very good credit ratings is generally between 10% p.a. and 14% p.a.

    Citi's low standard variable Annual Percentage Rate of 8.90% p.a. Comparison rate 9.18% p.a.1 is available to all customers that pass Citi's credit criteria, which generally entails meeting the minimum eligibility criteria, having good credit history, and having sufficient available monthly disposable income to cover monthly living expenses and credit commitments.

  • What is good credit history?

    According to Canstar good credit scores are generally more than 600 across the three credit bureau's in Australia. You can check your credit score and credit history with all three credit bureau. Things that can help you to build up a good credit score include:

    • having a low number of applications for credit
    • a good history of repaying you loans on time
    • not borrowing money from small amount credit providers (often called payday loans)
    • and avoiding any defaults or credit actions from other lenders or utility providers.

    Citi also requires you to have enough additional cash flow to be able to repay any of your existing loans, credit cards, living expenses and other lifestyle expenses, as well as having stable employment and income.

  • Why should I use a personal loan when I can redraw on my mortgage at a much lower rate?

    While a personal loan will often have a higher interest rate than a mortgage, there are some things you need to consider before using your mortgage to pay for items that have a shorter life than your mortgage.
    When you redraw on your mortgage, your monthly loan repayments may not actually change. This means that the item you just bought using those funds may end up being paid back over the entire life of your mortgage – which creates a compounding effect on the interest you pay if you do not increase your monthly mortgage payments. 
    Consider a case where you are currently ahead of your mortgage payments by $20,000 and have 27 years to go with an interest rate of 3% p.a. If you redraw that $20,000 and don’t make extra repayments, over your remaining mortgage term, you would pay an additional $23,924 in interest.
    Compare that against borrowing the same $20,000 over a 5-year term with Citi Personal Loan Plus at a variable interest rate of 8.90% p.a. Comparison rate 9.18% p.a.1 In this instance, you would only pay $4,851.83 in interest, which is a saving of $19,000 compared with using your mortgage to redraw the money.
    After a redraw on your mortgage, if you make additional repayments within 5 years, then you will likely save on interest. However, you will need to review your contract as some mortgages restrict how much you can repay in addition to the monthly repayment.

  • How much will my monthly repayments be?

    You can use our personal loan calculator above to estimate your monthly repayments. Any use of the reusable credit facility will require additional monthly repayments on your loan.

  • Can existing customers apply?

    If you already have another Citi unsecured credit product you must hold this account in good working order for 6 months before applying for another lending product such as a Citi Personal Loan Plus.

  • What documents do I need for a loan application?

    Here's a quick checklist of the documents you'll need to apply:

    • Address proof
    • Income proof
    • Proof of employment

    Top tip: upload these documents with your application for a faster review.

Got any questions about Citi Personal Loan Plus? Give us a call on 1300 790 926 to talk it through.

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.

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, the Bank reserves 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.

This information is current as at 4 October 2021.

  1. 1. 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.

  2. 2. 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.

  3. 3. 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.

  4. 4. No Monthly Account Service Fee applies to applications submitted from 31 March 2021 to 31 January 2022. Post this advertised date Citi reserves 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.

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

© 2021 Citigroup Pty Limited. All rights reserved. ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.