Zina Kumok is a freelance personal finance writer based in Indianapolis. She paid off her own student loans in three years. She also offers one-on-one financial coaching sessions at ConsciousCoins.com.
Zina Kumok ContributorZina Kumok is a freelance personal finance writer based in Indianapolis. She paid off her own student loans in three years. She also offers one-on-one financial coaching sessions at ConsciousCoins.com.
Written By Zina Kumok ContributorZina Kumok is a freelance personal finance writer based in Indianapolis. She paid off her own student loans in three years. She also offers one-on-one financial coaching sessions at ConsciousCoins.com.
Zina Kumok ContributorZina Kumok is a freelance personal finance writer based in Indianapolis. She paid off her own student loans in three years. She also offers one-on-one financial coaching sessions at ConsciousCoins.com.
Contributor Jordan Tarver Lead Editor, Mortgages & LoansJordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's degree in business finance, his experience as a top perf.
Jordan Tarver Lead Editor, Mortgages & LoansJordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's degree in business finance, his experience as a top perf.
Jordan Tarver Lead Editor, Mortgages & LoansJordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's degree in business finance, his experience as a top perf.
Jordan Tarver Lead Editor, Mortgages & LoansJordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's degree in business finance, his experience as a top perf.
| Lead Editor, Mortgages & Loans
Updated: Aug 21, 2024, 3:36pm
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Citibank offers personal loans only to customers who have had a Citi deposit account for at least 12 months. If you’re not a current Citibank customer, then you won’t be eligible for a Citi® Personal Loan. Because Citi® Personal Loan charges higher interest rates and provides lower loan amounts than other lenders, prospective borrowers should compare rates with other lenders before finalizing a Citi® Personal Loan.
Our ratings take into account loan cost, loan details, eligibility and accessibility, customer experience and application process. All ratings are determined solely by our editorial team.
Loan amounts $2,000 to $30,000 11.49% to 20.49%** Minimum credit scoreCredit score ranges are based on FICO® credit scoring. This is just one scoring method and a lender may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Citi® Personal Loan is best for people who:
Citi® Personal Loan may not be the best option for borrowers:
Personal loan applications are approved or declined based on a number of factors. All lenders have their own unique underwriting requirements, but these typically include information from an applicant’s credit profile and other factors that demonstrate the ability to repay the loan, such as income. Meeting the requirements below won’t guarantee approval, but they can help you decide if a personal loan is the right fit for you.
Citi® Personal Loan’s minimum credit score required is 720.
Citi® Personal Loan has a $30,000 annual salary requirement for borrowers.
Citi® Personal Loan’s does not allow co-signers, which could make it more challenging for some borrowers to be approved for a personal loan. If you have a low credit score or new credit history, you may have trouble getting approved for a personal loan. In that case, you’d likely have more luck with another lender that does allow co-signers.
Follow these general steps to apply for a Citi® Personal Loan:
Citibank offers a wide variety of banking and lending products including credit cards, mortgages and small business loans. Trustpilot and the Better Business Bureau (BBB) list customer feedback for all these different products, which makes it hard to gauge customer reviews specifically for Citi® Personal Loans.
On Trustpilot, Citibank has 146 reviews with 1.3 out of 5 stars, but most of the reviews are not specifically related to personal loans. On the BBB, Citibank has a 1.04 out of 5 stars with more than 450 reviews. They have had more than 6,000 complaints in the past three years.
The best personal loans offer competitive rates, flexible loan amounts and a wide range of terms. Here’s how Citi® Personal Loans stack up against other popular lenders:
Unlike Citi® Personal Loan, you don’t need to be an existing U.S. Bank customer to apply for a personal loan. Existing U.S. Bank customers can borrow as much as $50,000, while noncustomers can borrow up to $25,000. Customers need to have a minimum credit score of 660 to qualify for a U.S. Bank personal loan.
Wells Fargo offers personal loans up to $100,000, which is much greater than Citi® Personal Loan’s limit. Wells Fargo’s personal loans have terms ranging from 12 to 84 months, while Citi® Personal Loan’s maximum repayment term is 60 months. Like Citi® Personal Loan, though, Wells Fargo also does not charge any prepayment penalties, origination fees or closing fees.
SoFi personal loans range from $5,000 to $100,000. Citi® Personal Loan’s has a lower minimum loan amount, which may be better for customers who don’t need to borrow a large sum. However, SoFi has repayment terms up to 84 months while Citi® Personal Loans only offers a maximum repayment term of 60 months. SoFi requires a minimum credit score of 650 to qualify.
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