What are Citibank's requirements for borrowers? This question is about Citibank

Citibank's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a credit score of at least 680+. You will also need to have a verifiable bank account to qualify for a Citibank personal loan. Citibank Requirements for Borrowers Credit Score: 680+ Income: $10,500 p/y Age: 18+ Citizenship: U.S. citizen or permanent resident Identification: Social Security number Bank Account: Verifiable bank account Residency: All states Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.

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What are Citibank's requirements for borrowers?

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This question is about Citibank

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Grace Enfield, Content Writer

@grace_enfield • 04/11/22 This answer was first published on 04/11/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Citibank's requirements include being at least 18 years old, having enough income or assets to make the monthly payments and having a credit score of at least 680+. You will also need to have a verifiable bank account to qualify for a Citibank personal loan.

Citibank Requirements for Borrowers

Credit Score: 680+
Income: $10,500 p/y
Age: 18+
Citizenship: U.S. citizen or permanent resident
Identification: Social Security number
Bank Account: Verifiable bank account
Residency: All states

Before you apply for any personal loan, it’s a good idea to pre-qualify. While meeting all of the requirements gives you a good chance of approval, it’s never guaranteed. To pre-qualify with multiple lenders at once, check out WalletHub’s free pre-qualification tool.

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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.… read full answer

In the end, your loan comes directly from Citibank, not through a partnering bank or credit union. Getting a loan from a direct lender may get you better rates than from an indirect lender, as well.

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Is 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 680+. Other Citibank personal loan requirements include being at least 18 years old, having an SSN or ITIN, and having enough income to afford monthly loan payments.… read full answer

Citibank Personal Loan Requirements

Minimum Credit Score: 680+ credit score

Minimum Income: $10,500 per year minimum income

Age: 18+ years old

Residency: U.S. citizen or permanent resident

Identification Type: SSN, ITIN, or passport

Once you make sure you've met all the requirements for a Citibank personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income and debt.

You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.

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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 credit score may be affected by a hard inquiry, you can use the … read full answer credit score simulator on WalletHub.

If you're looking for a lender that does not do a hard inquiry at all, you could consider OppLoans, NetCredit and Integra Credit.

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