Grace Enfield, Content Writer
@grace_enfield
Your Citibank approval odds are good if you have a low debt-to-income ratio and meet Citibank’s requirements to get a loan. Some requirements include being at least 18 years old (21 years in Puerto Rico), having enough income to make monthly payments and having a credit score of 740+. If you meet all the requirements, your approval odds are high, but approval is never guaranteed.
What You Need for Good Citibank Approval Odds
- Credit Score Requirement: 740+
- Age: 18+ (21 years in Puerto Rico)
- Identification: Social Security number
- Bank Account: Verifiable bank account
- Residency:11 states for in-branch loans or all states through Citizens One, the online division of Citizens Bank
- Citizenship: U.S. citizen or permanent resident
Before applying for any personal loan, it’s a good idea to check to see if you pre-qualify in order to estimate your approval odds. You can use WalletHub’s free pre-qualification tool to check with multiple lenders at once.
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?
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