Citibank Personal Loans

Personal Loan	Personal Loan Details	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
Citibank ReadyCredit	Personal loan with no fixed term. Can be used as credit, to withdraw cash or pay by cheque, with a low interest rate on balance transfers, cash advances and purchases.	18.99%	2.9% for 24 months	$0	18.99%
Citibank Personal Credit	Unsecured line of credit with no fixed term – pay it off as fast or as slow as you want. Can be used as credit, to withdraw cash or pay by cheque.	15.59%	2.9% for 12 months	$99	15.59%

Citibank are well established in the Australian banking industry and since they first commenced operations in Australia in 1985 they have become the largest international bank in the country and are even tipped to rival the Big Four for market share.

Personal Lending from Citibank

A revolving line of credit account allows you to manage all of your transaction accounts and all of your personal lending needs from one account. It is a great way to consolidate your debts, or keep a preapproved line of credit available, but only pay for what you have used to date.

Types of personal loans from Citibank include:

• Personal credit. For the 12 months you can enjoy a low interest on all transferred balances. The interest rate then reverts to a variable 15.59% and you are no charged any monthly fees for the account. You can also make free redraws at any time. You can apply online or over the phone and pay no establishment fees.
• Ready credit. An even lower 2.9% interest for 12 months on purchases and transferred balances reverts to 18.99% after 12 months. You have free redraw and no annual or monthly fees so you can keep this account for free and pay only when you need it. You can apply online or over the phone.

Using Citibank Personal Loans

To apply for a Citibank personal loan line of credit you must be 18 years or older and earn at least $30,000 a year. Your repayments will be $30 per month, or 1% of the balance plus interest and fees, whichever is greater.

There is no loan term on Citibank personal lending and you can access your funds using an ATM, EFTPOS, a chequebook or Visa debit and you can repay your Citibank personal credit by direct debit, BPAY, mail or at the post office.

A revolving line of credit may appear to be a significan’t financial commitment however Citibank offers an interest rate on their personal lending which is much lower than most standard credit cards and gives you the opportunity to consolidate your existing debts and repay them at a lower rate for 12 months. You can then continue to draw down on funds as you need to, but you do not have to feel encouraged to spend the available funds to gain rewards, or because you have a credit card there in your wallet.

A line of credit personal loan is a much more specific lending product and does not tempt you into spending in the same way as a credit card. Citibank allows you to set goals for yourself or your business and helps you achieve them with affordable financing which is easy to manage and repay. To compare more Citibank personal lending options, view the Personal Loan Finder comparison tables, before following the secure links to the Citibank website to apply today.

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• Citibank Personal Loans - Details and Application
• Citibank Personal Credit - Review & Application
• Citibank ReadyCredit
  Citibank Personal Credit Product has some unique cash advance features like a personal loan but also has balance transfer like a credit card. You can Review the product and apply online.
• Citibank Personal Credit Review and Application
• Citibank Personal Loan Options
  Depending on your preferences for a personal loan, there is an applicable Citi Finance personal loan that will fit your needs. Although, there are many different features and fees for each type of personal loan, there are also various benefits that make each one special.