Citi® Personal Loans
Borrow up to $30,000 with rates as low as 9.99% APR. No application or prepayment fees. Flexible repayment up to 60 months. Fast funding for approved applicants.
Citi® Personal Loans offer consumers an unsecured loan option of up to $30,000 without any collateral requirements. The rate can start as low as 9.99% APR for eligible applicants, particularly those who sign up for automatic payments and meet Citi’s credit criteria. Applicants will not pay origination, prepayment, or late fees, making this an appealing choice for borrowers seeking cost transparency and flexibility.
Loans can be customized with repayment terms of up to 60 months, giving borrowers the flexibility to choose a monthly payment that fits their budget. Funds can be used for a variety of needs, including debt consolidation, emergency expenses, or home improvements. Citi checks your rate via a soft credit inquiry, so there’s no impact on your credit score unless you apply.
How to Apply: Step by Step
- Check your loan rate online with basic information.
- Submit a full loan application if you like the offered rate and terms.
- Provide required documentation and finalize your loan agreement.
- On approval, receive your funds directly in your bank account, often as quickly as the same business day for Citi customers.
Pros Overview
One standout feature is the zero-fee structure. With no origination, prepayment, or late fees, borrowers can focus solely on repaying the principal and interest.
Additionally, the ability to check your rate with only a soft credit pull adds a layer of confidence for consumers worried about their credit.
Cons Overview
The lowest advertised APR is only available to those with excellent credit who enroll in automatic payments. For those with less-than-stellar credit, rates can be much higher.
Applicants must be existing Citi customers for certain perks, and eligibility criteria can exclude some potential borrowers based on account tenure.
Final Verdict
Citi® Personal Loans combine flexibility with transparent pricing and quick funding. Their no-fee policy and long repayment options make them suitable for a range of financial needs if you meet Citi’s eligibility and credit standards.