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Citibank personal loans and lines of credit review

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Borrowers can earn Citi ThankYou Rewards to redeem for cash, travel and more.

finder.com’s rating: 3.2 / 5.0


  • Best for current Citibank customers looking to earn extra ThankYou Rewards Points each month.
  • Pick something else if you don’t want to wait five days to receive your funds by check.


Max. Loan Amount

7.99% to 23.99%



Product NameCitibank personal loans
Min. Loan Amount$2,000
Max. Loan Amount$50,000
APR7.99% to 23.99%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term5 years

Expert review

Aliyyah Camp

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.

Expert review

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. And it may increase your APR by 2% if you miss a payment.

Not sure Citibank is right for you? Compare your other personal loan options below.

Am I eligible?

To qualify for a Citibank personal loan, you must meet the following requirements:

  • Positive balance on a Citibank deposit account, a Citi credit card or a Citibank mortgage
  • Minimum annual income of $10,500
  • Good to excellent credit
  • At least 18 years old
  • No more than one pre-existed loan with Citibank


  • Loan terms as short as one year
  • Autopay discount
  • Can have two loans out at once
  • Accepts joint applications
  • Earn extra ThankYou Rewards Points each month


  • Slow turnaround of up to five days
  • Receive funds by check — no direct bank account transfers available
  • Your APR could increase by 2% for missed payments
  • Citibank customers only

Compare other personal loan options

Updated January 23rd, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Upgrade Personal Loans*
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
Even Financial Personal Loans
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
NetCredit Personal Loans
34% to 155% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Monevo Personal Loans
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
5.99% to 20.01%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

How does a line of credit from Citibank work?

Citibank’s Custom Credit Line starts at $1,500 and goes up to $25,000 — which you can draw from as you need. You’ll only pay interest on the amount you borrow, with variable rates that range from 10.49% to 22.49% depending on your state of residence.

However, it offers the flexibility to convert your variable-rate balances to fixed-rate, fixed-term payments any time you want. You’ll also be on the hook for a $50 annual fee, though it’s waived for Citigold and Citi Priority customers.

To qualify, you’ll need to have a Citibank deposit account of at least $500 as well as a Citibank mortgage, credit card or deposit account that’s at least three months old.

How do I apply?

Online applicants are only eligible for loans up to $30,000. To apply for a loan up to $50,000, you will need to visit a branch or call 877-362-9100.

Follow these steps to apply online:

  1. Visit Citibank’s website, navigate to the lending tab and click the Apply Online button on the personal loans page.
  2. Follow the prompts, signing into your account or entering your invitation number if you aren’t already a Citibank account holder.
  3. Fill out the loan application with information about yourself and your finances.
  4. Submit your application and wait to be contacted by a Citibank representative.

What information do I need to apply?

When applying for any personal loan with Citibank, you’ll be required to provide personal information, including:

  • Proof of income
  • Government-issued ID
  • Social Security number
  • Tax returns and other financial statements
  • Your bank account details

What happens after I apply?

A Citibank representative will contact you. If approved for a personal loan, you will 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.

How do repayments work with Citibank?

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.

Frequently asked questions

Personal loan ratings

★★★★★ — 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.

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  1. Default Gravatar
    June 11, 2018

    Do I need to be a green card hard to apply to citi personal loans?

    • Default Gravatar
      June 12, 2018

      Hi Bella,

      Thanks for leaving a question on finder.

      As long as you are a member of Citibank or a Citibank cardholder, you are eligible for a Citibank personal loan. However, before you decide on any loan, make sure to compare other lenders and ensure that taking out a loan is financially feasible for you.


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