![Citi Personal Lending](https://www.cdn.citibank.com/v1/augcb/cbol/files/images/2022/personal-lending-sept1-920x520.jpg)
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 20.99% 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
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 $50 with a reduced establishment fee of just $149, normally $1992
Citi Personal Loan Plus
Variable rate 10.90% p.a.
(Comparison rate 11.19% p.a.3)
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.
Please note that 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.
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 1 September 2024
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 Loan refinancing](https://www.cdn.citibank.com/v1/augcb/cbol/files/images/2024/loan-refinancing-illus-920x520.jpg)
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 Car loan](https://www.cdn.citibank.com/v1/augcb/cbol/files/images/2024/upgrade-car.png)
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 Renovation loan](https://www.cdn.citibank.com/v1/augcb/cbol/files/images/2024/transform-home-grey.png)
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.
Calculators & tools
Repayments calculator
Use our simple loan repayment calculator to find out what your loan repayments will be
Borrowing power calculator
Estimate what you can borrow with our helpful borrowing power calculator
Compare loans
Compare our personal lending products and find the one that best suits your needs
Still have a question?
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.
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 2 September 2024.
Citi Ready Credit
To obtain a copy of the Target Market Determination (TMD) related to this product click here.
1. Introductory rate: Offer commenced 1 May 2024. 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 20.99% 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 20.99% 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. We may vary or end this offer at any time.
2. Reduced establishment fee: Offer commenced 1 May 2024. An Establishment Fee of $149 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. We may vary or end this offer at any time.
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 and representative example are 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.