Personal Loans
Providers
Citibank Personal Credit
Citibank Personal Credit gives you the flexibility of a credit card with the convenience of a personal loan. Use Citibank Personal Credit for everyday spending, a holiday or those bigger items, like a bot or a new car.
Start saving today with a low 2.9% p.a. for 12 months on balances transferred. Any oustanding transferred balances revert to the cash advance rate of 15.59% p.a. after 12 months.
Rates & Fees
| Advertised Rate | Apply Fee | Annual Fee | Comparison Rate |
|---|---|---|---|
| 15.59% | $0 | $99 | 15.59% |
Additional Rates
- Secured / Unsecured Unsecured
- Comparison Rate 15.59%
- Minimum Loan Amount $5,000
- Maximum Loan Amount $30,000
- Rate Type Variable
Review
Editors Review
Personal Credit provides alot more freedom and benefits than most loan options. With that freedom comes responsibility. With a Visa debit card it means you can access more funds easily, so you must be disciplined in order to borrow one amount and repay it - otherwise you might find yourself borrowing more than you originally intended. The rate after 15 months is much higher which will make repayments more difficult. But if you're strong and stick to a planned repayment schedule this facility could be very useful.
Loan Features
- No early exit penalty
- Extra repayments allowed
- 100% loan available
- Redraw facility
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TweetTerms and Conditions
erms and conditions apply and are available upon request. Fees and charges apply. Credit criteria apply.
Current Citibank Ready Credit and Personal Credit customers are not eligible to apply for this introductory offer. Applications may not be accepted if you have been approved for another Citibank offer in the last nine months.
Subject to your acceptance you will be billed an annual account fee which is currently $99 for the Citibank Personal Credit Account. Allow up to 10 working days to process your Application subject to verification. To process your application, Citi will need to verify your identity and income. To verify your identity we will ask you to confirm details provided on your application. Please provide a contact telephone number that will be easy for us to contact you. Please notify your payroll department or accountant (if self employed) to ensure that they are willing to confirm your income details.
1. The 9.9% p.a. introductory interest rate will only apply to retail purchases and cash advances made on your account for a period of 15 months after account opening. At the end of the introductory interest rate period the interest rate for new purchases and any outstanding purchase balance will revert to the standard interest rate for purchases and any outstanding cash advances shall revert to the standard interest rate for cash advances. Interest rates are variable, subject to change and credit criteria. This information is current as at 25 November 2011. This offer ends 31 March 2012. Current Citibank Ready Credit and Personal Credit customers are not eligible to apply for this introductory offer.
2. The 1.9% p.a. interest rate applies to balances transferred with this offer at point of application, for a period of 6 months. The 6 month promotional period commences once balance transfer is processed. Transferred balances are repaid first during this period. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the Citibank Personal Credit cash advance interest rate, currently 15.59% p.a. The current Citibank Personal Credit interest rate for retail purchases is 15.59% p.a. Interest rates are variable, subject to change and credit criteria. The interest rates are current as at 25 November 2011. This offer ends 31 March 2012. Current Citibank Ready Credit and Personal Credit customers are not eligible to apply for this introductory offer.
3. A $69 establishment fee will be debited to your Account on the first use of your Account (including Card activation). This fee will appear on your first statement of Account.
4. A credit line of between $5,000 and $30,000 will be assigned based on our credit criteria, your credit rating, and subject to confirmation that you earn a minimum of $30,000 per year.
5. Applies to Citibank, Westpac, St. George and Bank SA branded ATMs excluding St. George branded ATMs at BP outlets.
6. Currency conversion fee applies to transactions made in a foreign currency. Other service fees and charges including late payment fee and dishonour fees may apply.
2011 Citigroup Pty Limited ABN 88 004 325 080, AFSL No. 238098, Australian Credit Licence No. 238098. Citibank, Citi and Arc Design are service marks of Citigroup Inc.