Grace Enfield, Content Writer
@grace_enfield
Citibank personal loans have a 0% origination fee and a $0 late payment fee, but there is no prepayment fee. Citibank personal loans also have a minimum APR of 9.99%**, which is higher compared to the typical minimum APR for a personal loan. For your convenience, you can see Citibank’s personal loan fees and other key terms below.
Citibank Personal Loan Fees and Other Terms
- Origination Fee: 0%
- Late Payment Fee: $0
- Prepayment Fee: $0
- APRs: 9.99% - 19.49%**
- Loan Amounts: $2,000 - $30,000
- Repayment Periods: 12 - 60 months
- Credit Score Requirement:740+
- Funding Timeline: As soon as the same business day for most customers when deposited directly to a Citi® bank account or within 2 business days when deposited directly to a non-Citi® bank account
Before applying for any personal loan, it’s a good idea to see if you pre-qualify first. To check with multiple lenders at once, try WalletHub’s free pre-qualification tool.
People also ask
Is Citibank a direct lender for personal loans?
Yes, Citibank is a direct lender, which means they handle the full loan process, from application to funding and beyond, instead of simply matching you with another lender. Direct lenders are the only ones that handle your information, so it’s more secure, and they make the loan process faster by removing middlemen.
In the end, your loan comes directly from Citibank, not through a partnering bank or credit union. Getting a loan from a...
read full answer by Grace Enfield, Content WriterIs it difficult to get a Citibank personal loan?
It is not very difficult to get a personal loan from Citibank because they offer personal loans for people with credit scores as low as 740+. Other Citibank personal loan requirements include being at least 18 years old (21+ in Puerto Rico), having an SSN, and having enough income to afford monthly loan payments.
Citibank Personal Loan Requirements
- Minimum Credit Score: 740+ credit score
- Minimum Income: Not disclosed
- Age: 18+...
Does Citibank do a hard inquiry?
Yes, Citibank does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Citibank's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual...
read full answer by Rick Bormin, Personal Loans ModeratorDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.