Citibank 2026 Personal Loan Review
Citibank personal loans come with relatively low rates and no fees, but you must be a Citi customer to get its full suite of features.
- Are an existing Citibank customer.
- Have good or excellent credit.
- Need to borrow more than $50,000.
- Want to consolidate debt from existing Citibank credit cards.
What to know about Citibank personal loans
Editor’s note: Citibank did not complete our most recent survey requesting details regarding its personal loan product. We used the information on its website to update our review, but could not verify its accuracy. Due to the lack of verifiable information, NerdWallet did not give Citibank’s personal loan a star rating
Low rates and no fees make Citibank personal loans an affordable option for borrowing money. Citibank’s maximum rates are lower than most of the banks and online lenders that we review. And when you’re shopping for a personal loan, you want the lowest rate you can get.
However, you won’t get the most benefits from a Citibank loan unless you’re already a Citibank customer.
Eligible customers can borrow up to $20,000 more and get loans funded up to two days faster. Certain Citibank customers may also be eligible for a special rate discount.
Another thing to keep in mind is that while this lender did not disclose details about eligibility requirements, you’ll likely need good or excellent credit to get the best chance of qualifying.
» MORE: Compare the best personal loans
What we like most about Citibank
- Relatively low rates: Citibank’s annual percentage rates range from 9.99% to 17.49%. The maximum rate is significantly lower than that of most other lenders we review.
- Opportunities for rate discounts: You can get a 0.50 percentage point rate discount if you set up automatic payments when you first get your loan. Citibank also offers rate discounts for certain customers based on the type of your account, but it does not specify the discount amount.
- No fees: Citibank doesn’t charge any fees for its personal loans, including origination fees, late fees and prepayment fees. Though it’s common for banks not to charge an origination or prepayment fee, it’s much harder to find a lender — bank or otherwise — that doesn’t charge a late fee for missed payments.
Why Citibank may not be right for you
- You may not qualify with a low credit score: Though Citibank doesn’t disclose a minimum credit score requirement on its website, the lender told us in the past that it seeks out borrowers with good to excellent credit. The majority of Citibank consumer loan dollars (which includes personal loans) go to borrowers who have credit scores of 660 or higher, according to a recent quarterly filing with the U.S. Securities and Exchange Commission.
- Loan amounts are smaller if you’re not a Citibank customer: You can borrow from $2,000 to $30,000 if you don’t have an existing Citibank account. If you’re already a Citibank customer with an eligible checking or savings account, the maximum amount you can borrow goes up to $50,000.
- Funding time is slower if you’re not a Citibank customer: You’ll have to wait up to two business days to receive loan funds through direct deposit if you’re not depositing the money into a Citi account. Conversely, you can get same-day funding if you have the lender send the funds to an existing Citi deposit account.
How much does a Citibank personal loan cost?
The total cost of your Citibank loan depends on the amount borrowed, annual percentage rate and loan term. Here is an example of how different rates affect the costs of a $10,000 loan with a 3-year term.
APR | 10%. | 15%. |
Monthly payment | $323. | $347. |
Total interest cost | $1,616. | $2,479. |
Total loan cost | $11,616. | $12,479. |
» MORE: Use our personal loan calculator to estimate your costs
Do you qualify for a Citibank personal loan?
Citibank doesn't publicly disclose many of its borrower requirements, but you must be at least 18 years old (or at least 21 if you live in Puerto Rico). You can only apply as an individual, not with a co-borrower.
Check your likelihood of loan approval and preview your estimated rates and terms by pre-qualifying for a personal loan. Pre-qualifying involves a soft credit check that does not impact your credit score.
» MORE: How to get a personal loan
Frequently asked questions
Q: What can I use a Citibank personal loan for?
A: You can use a Citibank personal loan for a variety of reasons, such as debt consolidation, home improvement projects, emergencies and more. The lender restricts you from using the loan for business or post-secondary education purposes or to consolidate debt from existing Citibank credit cards or lines of credit.
Q: Does Citibank have a mobile app?
A: Yes, Citibank has a mobile app where you can manage your loan payments. You can also use the app to check your credit score for free.
How does Citibank compare?
 |  |  |  |  |
|---|---|---|---|---|
Est. APRFrom 9.99% to 17.49% | Est. APRFrom 6.99% to 35.49% | Est. APRFrom 5.96% to 35.99% | Est. APRFrom 7.24% to 24.89% | Est. APRFrom 7.74% to 35.99% |
Loan amountFrom $2,000 to $30,000 | Loan amountFrom $5,000 to $100,000 | Loan amountFrom $1,000 to $75,000 | Loan amountFrom $5,000 to $100,000 | Loan amountFrom $1,000 to $75,000 |
Min. credit scoreNaN | Min. credit scoreNaN | Min. credit score600 | Min. credit score660 | Min. credit score600 |
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