Editorial Review

Citibank Personal Loans: 2019 Review

Citibank offers autopay discounts and helps you avoid some fees, but it lacks flexible payments and features that other lenders offer.

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Our Take


NerdWallet rating 

The Bottom Line: Citibank provides personal loans for good credit borrowers, but lacks some consumer-friendly features.



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Pros & Cons

  • No origination fees.

  • Offers autopay discounts.

  • Co-sign option.

  • Hard credit pull.

  • No flexible payment options.

  • No refinancing option.

Compare to Other Lenders

Marcus by Goldman Sachs
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Loan Term

3 to 6 years

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2 to 7 years

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Compare estimated rates from multiple lenders

Compare Rates

Full Review

To review Citibank, NerdWallet collected data from the website, made calls to five branches around the country and compared the lender with others that seek the same customers or offer a similar personal loan product. Loan terms and fees may vary by state.

Citibank provides personal loans ranging from $2,000 to $50,000, repaid monthly over one to five years. You can borrow up to $50,000 if you’re an existing Citibank customer and apply at a branch ($30,000 if you apply online), and up to $12,500 if you’re a new customer.

How to qualify: Citibank considers your credit history, employment status and income when making its loan decision, according to a Citi service representative. Citi didn’t provide NerdWallet its minimum requirements for credit score or debt-to-income ratio. The minimum annual income requirement is $10,500.

Cost: Annual percentage rates on Citibank loans range from about 8% to 18%. The lowest rates go to consumers with excellent credit who sign up for automatic payments from a Citibank account and borrow at least $10,000 with a repayment term of 36 months or shorter. Citibank does not charge origination or prepayment fees.

Your actual rate will depend on how much you borrow, your income and debt levels, the state you live in, and how much money you keep in a Citibank account.

Rewards for existing customers: In addition to the autopay discount, customers who enroll their accounts in Citibank’s rewards program can earn points through a personal loan account.

Joint applications: Citibank is one of a handful of lenders that accepts joint applications, where the credit scores and income of two people are considered in underwriting decisions. Both applicants are responsible for repaying the loan.

Hard credit pull: Citibank conducts a hard credit check on applications, which can temporarily lower your credit score. Most online lenders allow you to pre-qualify for a loan with a soft credit pull, which doesn’t impact your credit score.

Loan example: For a borrower with excellent credit, a $10,000 unsecured personal loan with a repayment term of three years at 13.9% APR would carry monthly payments of $341, according to NerdWallet’s personal loan calculator.

How to apply for a Citibank loan

New and existing customers can apply online at Citibank’s website, over the phone or at a physical branch to start the application process.

Check rates from other lenders

Rates, terms and features vary among lenders, so NerdWallet recommends pre-qualifying with multiple lenders to compare loan offers. Click the button below to pre-qualify and receive personalized rates from lenders that partner with NerdWallet. Pre-qualifying will not impact your credit score.

Before you shop for a personal loan

Personal Loans Rating Methodology

NerdWallet's ratings for personal loans award points to lenders that offer consumer-friendly features, including: soft credit checks, no fees, transparency of loan rates and terms, flexible payment options, accessible customer service, reporting of payments to credit bureaus, and financial education. We also consider the number of complaints filed with agencies like the Consumer Financial Protection Bureau. This methodology applies only to lenders that cap interest rates at 36%, the maximum rate financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. NerdWallet does not receive compensation of any sort for our reviews. Read our editorial guidelines.