
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com’s rating: 3 / 5.0
★★★★★
$30,000
Max. Loan Amount
7.99% to 23.99%
APR
Product Name | Citibank personal loans |
---|---|
Min. Loan Amount | $2,000 |
Max. Loan Amount | $30,000 |
APR | 7.99% to 23.99% |
Interest Rate Type | Fixed |
Loan Term | 1 to 5 years |
Review by
Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.
Citibank’s personal loans are ideal for current customers looking to earn extra ThankYou Rewards Points each month. It accepts joint applications — many personal loan providers don’t — and you can even have two loans out at once if it turns out you need more funds.
But it’s not the fastest option out there. It could take up to five business days to receive your funds via check in the mail. Its low maximum loan amount is also a big limitation, and combined an APR increase of 2% for missed payments, it may not be the best choice for anyone looking for a flexible personal loan.
Not sure Citibank is right for you? Compare more of your personal loan options.
Citibank offers personal loans up to $30,000 for standard terms of one to five years. Its APRs range from 7.99% to 23.99% and are fixed for the life of your loan.
Your loan |
---|
Loan amount |
$
|
Loan terms (in years) |
|
Interest rate |
$
%
|
or
Compare personal loans nowThe cost of your loan is determined by the type of account you hold with Citibank, your current finances and your credit score. Citigold and Citi Priority customers may qualify for an APR discount when they sign up for automatic payments — which potentially means an APR under 7.99% if you also have excellent credit of 740 or higher.
To qualify for a Citibank personal loan, you must meet the following requirements:
While you may still be eligible if you already have a personal loan with Citibank, it must have been open for at least six months.
Citibank requires you to provide some basic personal information, including:
Citibank offers two variable-rate lines of credit to its customers:
Line amount | APR | Eligibility criteria | Fees | Best for | |
---|---|---|---|---|---|
Citibank Custom Credit Line | $1,500 to $25,000 | 8.24% to 20.24% |
| $50 annual fee | Ongoing personal expenses |
Checking Plus line of credit | Overdraft amount plus applicable fees | 18.25% or 15.25% for Citigold and Citi Priority customers |
| $10 transfer fee | Avoiding overdraft fees |
It depends on your needs. Beyond the loan amount, the major difference is whether you want a variable or fixed rate. Citibank lines of credit have variable rates that may go up or down depending on changes in the lending market, whereas its personal loan comes with fixed rates that will stay the same throughout the life of your loan.
You can learn more with our guide to fixed-rate versus variable-rate personal loans.
Yes, Citibank is an established bank with a clear privacy policy that covers what personal information is collected and how that personal information is used. Its online application is encrypted to keep your information safe, and it has helpful FAQs so you can quickly find information about its products.
BBB accredited | Yes |
---|---|
BBB rating | F |
BBB customer reviews | 1.06 out of 5 stars, based on 234 customer reviews |
J.D. Power ranking | Ranked #7 in JD Power 2020 customer satisfaction |
Trustpilot score | 1.8 out of 5 stars, based on 17 customer reviews |
Customer reviews verified as of | 12 October 2020 |
Citibank has a very negative online presence. Its customers usually complain about problems with credit cards, but there have been quite a few issues reported with customer service and checking accounts as well.
You can visit a branch or apply online by following these steps:
A Citibank representative will contact you. If approved for a personal loan, you’ll be sent a check within five business days. From here, you can use your loan funds however you need — provided it doesn’t fall within Citibank’s restricted uses.
You can make repayments at a branch, by check, online, at an ATM or through an automatic deduction from your account. You can also enroll your account in the Citi ThankYou Rewards program to redeem points for gift cards, travel perks and more.
To qualify for the lowest rates possible and avoid late penalties, you might want to opt for autopay. Missed payments could result in Citibank increasing your APR by 2%.
See how it stacks up to the competition with our guide to personal loans. Or explore Citibank’s suite of other lending products to see what else it has to offer.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.
Read the full methodology of how we rate personal loan providers.