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Citi Personal Lending

 

Make your goals a reality with our Personal Lending products

 

No more sitting on your life plans. It's time to finally go for that home renovation, a new set of wheels or get started on refinancing your loan. Whatever it is, you can always stay prepared with our Personal Lending products.

Choose a personal lending product

Citi Ready Credit

 

8.9% p.a. for 5 years

on the initial balance that you request to be transferred within 3 months of approval1

A standard variable rate of 20.49% p.a. applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.


  • Get a lump sum in your account at a great low rate
  • No monthly or annual fees
  • Only pay interest on the amount you have used, not your full credit limit
  • Flexible monthly repayments above the minimum required
  • An ongoing line of credit ready for you to dip into
  • Save $100 with a reduced establishment fee of just $99, normally $1992

Citi Personal Loan Plus

 

Variable rate 10.90% p.a.

(Comparison rate 11.19% p.a.3)

 


  • Get a variable rate, unsecured personal loan and choose from a 3, 4 or 5 year term4
  • $10 monthly fee waived for applications submitted from  20 December 2023 to 30 June 2024
  • Make additional repayments or pay off your loan early, with no fee
  • Fixed monthly repayments for the initial loan amount4
  • Access your available credit, at the variable interest rate, without having to reapply4
  • Establishment fee $1995

Check out what you could do with our personal lending products

Loan refinancing

If you have a personal loan or a balance on a credit card consider loan refinancing. With the right loan you could save on interest costs and pay off your balance sooner.

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, our Personal Lending products 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.

Calculators & Tools

 


Repayments Calculator

Use our simple loan repayment calculator to find out what your loan repayments will be

Calculate repayments

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

Still have a question?

Contact Us

Email Us

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 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.

Fees and charges apply. Terms and conditions apply and are available upon request. Credit criteria apply. New applications only and cannot be used in conjunction with any other offer.

This information is current as at 25 January 2024.

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.

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.

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 example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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.  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.

 

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