In a Nutshell
Citi personal loans can come with competitive interest rates and are available in amounts as low as $2,000. But to qualify for the most competitive rates, you’ll likely need pretty solid credit.What you need to know about a Citi personal loan
Citi offers unsecured personal loans in amounts as low as $2,000 with competitive fixed interest rates.
Competitive rates
To qualify for Citi’s lowest interest rates, you’ll need the following:
- “Excellent” credit (according to Citi)
- Loan term of 24 or 36 months
Wide range of loan amounts
Citi offers personal loans from $2,000 to $30,000. And at $2,000, its minimum loan amount is low compared to many lenders — particularly other banks, which can have minimums of $3,000 to $5,000.
Personal loan details
Citibank is a global bank with almost 700 branches across the U.S. Here are a few other things to know.
- Loan terms — Citibank offers loan terms between 12 and 60 months.
- Funding time — If approved for a loan, you could receive funds as soon as the same business day if they’re deposited into a Citi bank account, or within two business days if they’re deposited into an account at another bank.
Who a Citi personal loan is good for
A Citi personal loan could be a good option for someone with strong credit. Those who qualify for the bank’s competitive interest rates might find a Citi personal loan comes in handy to consolidate existing high-interest debts.
It could also be an ideal choice if you want a smaller loan to cover an emergency expense or minor home improvement, or if you want a shorter loan term of 12 months.
How to apply with Citi
You can see if you prequalify for a Citi personal loan online or over the phone.
If this personal loan isn’t right for you, consider this other option
- Discover: If you want a personal loan with the option to pay off debt directly to your creditors, Discover is a good option.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.