Winner of the 2024 Personal Lending Excellence Award
What you need to know about this loan:
Loan Amounts Offered: Up to $30,000
Loan Terms (monthly): 12 to 60 months
Payment methods: Auto-debit, bank transfer, mailed check
Interest rate: Starting at 8.99% APR (with 0.5% auto-pay discount)
Pros
- Zero Fees – No origination, application, or early payment fees.
- Fast Disbursement – Funds available the same day for Citi customers or within 2 business days for others.
- Fixed Interest Rates – Your monthly payment won’t change over time.
- Soft Credit Check – Checking your rate does not impact your credit score.
- Flexible Use – Use the loan for debt consolidation, home improvement, emergencies, or personal projects.
Cons
- Existing Citi Relationship Required – Must have been a Citi customer for at least 12 months.
- No Joint Applications – Only individual applications are accepted.
Why Choose Citi for Your Loan?
Getting a loan from Citi can offer more benefits than choosing Bank of America, Wells Fargo, Chase, PNC Bank, or Capital One.
Citi’s personal loan offers up to 60 months of repayment, whereas Bank of America typically limits loans to shorter terms — meaning you get more time to repay with Citi, lowering your monthly burden.
Compared to Wells Fargo, which may include origination fees and rate variability, Citi charges no origination fees and offers fixed interest rates, making your repayment predictable and stress-free.
Unlike Chase, which may require a higher credit score or detailed explanations for fund usage, Citi allows you to apply quickly, check your rate with no credit impact, and use the money as you see fit.
PNC Bank can take several business days to release funds after approval. Citi stands out by offering same-day funding for its own customers and within 2 business days for external banks.
Citi also provides exclusive rate discounts for Citigold and Citi Priority clients, something Capital One typically doesn’t match unless you have long-standing premium status.
How to Apply for Your Citi® Personal Loan
Applying is simple. Check your personalized rate in minutes — with no impact on your credit score — and receive funds fast.