Our verdict
Citi, a Finder.com advertising partner, offers personal loans that stand out for no-fee policies and rate discounts. With a Citi personal loan, you'll never pay origination or late fees, and there's no prepayment penalty either. If you enroll in autopay, you'll receive 0.50% off your rate, and existing Citigold and Citi Priority customers can receive an additional 0.25% discount.
But its APRs start higher than other lenders like LightStream and Sofi, which means you could potentially get a lower rate elsewhere — even with Citi's rate discounts included — especially if you have a credit score of 760 or higher. And if you need to borrow more than $30,000 or want to use the funds to pay for business expenses, you'll need to find another lender.
The company gets poor marks for customer service, with thousands of complaints registered on the Better Business Bureau (BBB) site. There are also two current BBB alerts for Citi, one of which mentions Citi's poor risk management, which is a red flag if you're concerned about financial safety.
Best for: People with excellent credit who want zero fees.
- No origination fees, late fees or prepayment penalties
- Rate discounts up to 0.75%.
- Prequalification available
- No co-applicants accepted
- Starting rate is higher than other lenders
- Low ratings and reviews
There is a 0.5% APR discount if you enroll in automatic payments at loan origination. Additionally, existing Citigold and Citi Priority customers will receive a 0.25% discount to the interest rate. If you are in default, your APR may increase by
2.00%. No down payment is required. Rates subject to change without notice.
You must be at least 18 years of age (21 years of age in Puerto Rico). Co-applicants are not permitted. Loan proceeds cannot be used for post-secondary educational or business purposes.
If you apply online, you must agree to receive the loan note and all other account disclosures provided at loan origination in an electronic format and provide your signature electronically.
Credit cards issued by Citibank, N.A. or its affiliates, as well as Checking Plus and Ready Credit accounts, are not eligible for debt consolidation, and Citibank will not issue payoff checks for these accounts. If you are unsure of the issuer on the account, please visit https://www.citi.com/affiliatesproducts for a list of Citi products and affiliates.