Citi Personal Loan Plus

Make big things happen, with a variable rate of 10.90% p.a
(Comparison rate 11.19% p.a.¹)

Please note: The variable interest rate of 10.90% p.a. on the reusable credit facility will increase to 13.99% p.a. as of 20 October 2024. The initial loan drawdown rate of 10.90% p.a. will not be impacted by this rate change.

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Rates and fees

Annual Percentage Rate (APR)

10.90% p.a.
Please note: The variable interest rate of 10.90% p.a. on the reusable credit facility will increase to 13.99% p.a. as of 20 October 2024. The initial loan drawdown rate of 10.90% p.a. will not be impacted by this rate change.

Comparison rate

11.19% p.a.¹

Establishment fee

One off payment of $199³

When you would be charged an establishment fee

A one off payment will be charged to your Account on the date we issue you a statement after you activate of your Account. The establishment fee is billed in addition to the amount borrowed.

Monthly fee

$10. Waived for applications submitted from 20 December 2023 to 1 September 2024

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

$2,000

Maximum loan amount

$55,000

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

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 variable rate of 10.90% p.a. without having to reapply.² Just log in to the Citi Mobile^® App and transfer the funds via EFT to your nominated bank account or buy things using your Lending Mastercard^®.⁴

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

Variable rate
10.90% p.a

Comparison rate
11.19% p.a.¹

I want to borrow

$2,000

2000

$2,000

$55,000

I want to pay it off in

3 Years

4 Years

5 Years

Your estimated
repayments will be

$44/month^*

*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 our personal lending products

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Not quite what you're looking for?

Consider Citi Ready Credit with an introductory rate of 8.9% p.a. for 5 years on the initial balance that you request to be transferred to your account. Reverts to standard variable rate. Fees, charges and T&Cs apply.

Find out more

FAQs

When is it a good idea to get a personal loan?
What is good credit history?
According to Canstar good credit scores are generally more than 600 across the three credit bureaus in Australia. You can check your credit score and credit history with all three credit bureaus. 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 your 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.

We 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.
How much will my monthly repayments be?
Can I apply for Citi Personal Loan Plus?

Citi Personal Loan Plus will no longer be accepting new applications after 2 September 2024. Any applications submitted on or before 2 September 2024 will be reviewed and decisioned as per normal. If you have submitted an application, please check to ensure all required actions or additional information has been completed or provided. Any applications that are not finalised by 14 October 2024 will be cancelled by us.
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.
What if I don’t have standard forms of identification?

Things you should know

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.

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.

This information is current as at 2 September 2024.

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. The estimated total amount payable at an interest rate of 10.90% p.a. (Comparison rate 11.19% p.a.) is $39,245.65 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. 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.
4. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.

Make big things happen, with a variable rate of 10.90% p.a (Comparison rate 11.19% p.a.1)

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 variable rate unsecured personal loan with a reusable credit facility.

Features

Rates and fees

Additional funds when you need

Extra funds you can dip into anytime

Use our personal loan repayments calculator to estimate how much your repayments could be

Check out what you could do with our personal lending products

Loan refinancing

Car loan

Renovation loan

Travel loan

Not quite what you're looking for?

Borrowing power calculator

Estimate what you can borrow with our helpful borrowing power calculator

FAQs

FAQs

Things you should know

Make big things happen, with a variable rate of 10.90% p.a
(Comparison rate 11.19% p.a.¹)