Pros Explained

• Quick loan disbursement: If you opt for an electronic transfer to your Citi checking or savings account, you can receive your loan funds as soon as the same day you apply.
• Autopay discount: By signing up for automatic payments at the time of origination, you can qualify for an interest rate deduction.
• No origination fees: Citibank doesn’t charge origination fees, helping you save money compared to some other lenders.

Cons Explained

• Limited loan term options: Although some lenders offer loan terms as long as seven years, Citibank is more limited. The maximum loan term available is five years. 
• Low maximum loan amounts: The maximum you can borrow online is $30,000—many lenders approve loans up to $50,000 or $100,000. Some existing Citibank customers may be eligible to borrow up to $50,000, but they'll need to visit a branch or call to apply.
  

Types of Personal Loans Offered by Citibank 

All of Citibank’s personal loans are unsecured, so there’s no need for collateral. When you ta𓆏ke out a loan from Citibank, you can use🍌 it for a range of purposes, including: 

• Debt consolidation
• Medical expenses
• Home improvements
• Moving expenses
• Car repairs
• Vacations

Although Citibank’s loans can be used for debt consolidation, you should know that you cannot use a Citi personal loan to pay off a credit card issued by Citibank or its affiliates; Citibank’s affiliates offer popular store credit cards like the Macy’s Credit Card, the CITGO Rewards Card, and the Costco Anywhere Visa. Citi also prohibits the use of personal loans for post-secondary education expenses and student loan repayment.

Time to Receive Funds

When you apply for a Citibank loan, you can receive a decision in less than 60 seconds. If your applica🌌tion is approved, the fastest way to get the loan funds is to opt for an electronic transfer to your Citi deposit account. Loans can be disbursed to Citi accounts as soon as the same ༺day you apply.

If you want the funds deposited into a non-Citi account, it can take one or two business days to receive the money. If you want to receive a paper check, it can take up to five business days.

Borrower Requirements

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

• You must be the age of majority in your state
• You must meet Citi’s credit criteria
  

Citibank Personal Loan Features

As a Citibank customer, you can qualify for an interest rate reduction when you sign up for automatic payments at the time of y🎉our applic♕ation. 

Co-Signers and Co-Applicants

Citibank doesn’t allow co-signers or joint applications for personal loans. 

Can You Refinance a Perꦆsonal Loan With Citibank? 

If you have an existing Citibank personal loan you’d like to rꦦefinance, the lender does allow you to refinance current loans. To qualify for an additional Citibank loan, you must have had your loan for at least six months at the time of your application. 

Customer Service

You can reach customer support by phone or by visiting a Citibank branch in person. You can use the to find a branch near you and schedule an appointment to meet with a lending specialis🎉t. 

For questions about personal loans, you can reach customer service via te🃏lephone: 1-800-685-0935

Customer Satisfaction

Citi is the third-largest bank in the U.S. based on consolidated assets. As is co꧙mmon with large banks 🎃that offer many different types of banking products, credit cards, and loans, customer reviews are mixed. 

In the 2024 J.D. Power Consumer Lending Satisfaction Study, Citibank was ranked 3rd out of 19 lenders, with a score well above the industry average. But its score with customer review sites is more negative. On Trustpilot, for example, Citibank rates just 1.8 stars. Our Combine🍬d Consumer Review metric, which is calculated by aggregating Trustpilot, and Better Business Bureau (BBB) reviews, gave it a score of 1.3 out of 5.

How to Qualify and Apply for a Citibank Personal 🅠Loan

If your desired loan amount is $30,000 or less, you can apply for a personal loan online.

1. Sign-in: Existing customers should sign-in to their accounts to begin the application and confirm income and expense details. New customers will have to provide those details themselves.
2. Provide information: Citibank will ask you for your Social Security number or individual taxpayer identification number, address, birth date, and income. 
3. Check for offers: The bank will ask for your consent to perform a soft credit check that will not affect your credit score. 
4. Review your offers: The app will show you maximum amount you can borrow (up to $30,000 for most customers applying online), and several terms, from 12 to 60 months, and the rate.
5. Select an offer: Select an offer and proceed to the rest of the application and funding.
   

Other Banking Services Provided by Citibank

Citibank is a large natio꧙nal bank wꦛith many services beyond personal loans:

• Checking and savings accounts
• Certificates of deposit
• IRAs
• Wealth management
• Investing
• Credit cards
• Mortgages and home equity loans
• Small business banking

Com💧pare Citibank With Other Personal Loan Lenders

The Bottom Line

If you are an existing Citibank customer, you can quickly apply for a personal loan online and receive a decision in less than 6ꦇ0 seconds. You can borrow up to $30,000 online with competitive APRs.

If you’re looking for other options, check out our selections for the 澳洲幸运5官方开奖结果体彩网:best personal loan lenders.

Does Citi Bank Offer Personal Loans?

Citibank offers personal loans to new and existing Citibank customers. Loan amounts range from $ღ2,000 to $30,000 (and as high as $50,000 for some existing Citibank customers).

What Credit Score Do You Need for a Citi𝄹bank Personal Loan?

During our research we found that Citibank does not disclose a minimum credit score requirement. In general, large banks like Citi often have strict creditworthiness requirements, and applicants with scores of 680 or more (澳洲幸运5官方开奖结果体彩网:"Good" credit or better) will be more likely to be offered a loan.

How Long Does It Take to Get a Ci🐻tibank Perso🐓nal Loan?

Citibank says it can approve and fund a personal loan the same day for existing customers with deposit accounts at the bank. For borrowers with deposit accounts elsewhere, expect to have the funds direct deposited within two days.

What Is the Limit on Citibank Personal Loans?

Citibank offers personal loans between $2,000 and $30,000 through its online application process. Some existing Citibank may be able to borrow as much as $50,000, but they'll have to apply via telephone or at a branch rather than online.

Methodology

Investopedia’s list of the best personal loans is based on 🔯comprehensive research of 59 lenders. 

To evaluate and rank personal loan providers, we collected and scored over 2,600 data points from 59 lenders, including traditional banks, credit unions, fintechs, and finance companies. We researched and evaluated 45 criteria, such as APRs, loan amounts and terms, fees, customer experience, and more. Research and data collection o🐓ccurred from July 23 to Oct. 18, 2024. 

We organized the 45 criteria into four categories and weighted 26 (involving more than 1500 data points), using the others for background and editorial richness. We then scored and weighted each criterion to de𝐆velop our overall star rating for each lender. The categories and their weights for this project are:

• Borrowing Requirements: 24.00%
• Lender Features: 24.00%
• Loan Costs: 30.00%
• Loan Terms: 22.00% 

Learn more about how we evaluated personal loans in 澳洲幸运5官方开奖结果体彩网:our complete methodology.