Citi personal loans at a glance
- Loan amounts: $2,000 to $50,000 ($30,000 for new customers)
- Loan terms: 12 months to 60 months
- Speed of funding: As soon as same day
- Fees: No origination or late fees
- Credit requirements: Not disclosed
If you’re an existing Citi customer and need cash fast to cover an emergency expense, Citi can be a good option. You can qualify for a higher loan amount, and you can receive the loan funds as soon as the same day you apply.
Pros
- Competitive rates
- Possible same-day funding
- No origination or late fees
Pros
- Lower loan maximum for new customers
- Limited term options
- Slower disbursement to non-Citi accounts
What makes Citi personal loans stand out?
Citi issues unsecured personal loans, and existing customers can qualify for loans of up to $50,000. Citi’s loans have competitive rates for people with good credit, and borrowers can qualify for an additional 0.5% discount by enrolling in automatic payments.
Citi’s fixed-rate loans range between $2,000 and $30,000, but existing Citi customers can qualify for up to $50,000. Borrowers can use the loans to consolidate debt, fund home improvements or cover an emergency repair bill.
You can get loan funds quickly
If you have an emergency and need cash quickly, you want a lender that sends the loan funds fast. If you’re a Citi banking customer and are approved for a loan, you can receive your loan funds as soon as the same day you apply.
If you don’t have a Citi bank account, it can take two business days to receive the loan funds.
There are no origination fees
Some personal loan lenders charge administration or origination fees as high as 9.99%, which are deducted from the loan amount when the loan is disbursed. By contrast, Citi doesn’t charge origination fees.
Rates increase if you default on your loan
Though Citi doesn’t charge late fees on its personal loans, there’s a significant consequence to defaulting on your payments. If your loans are in default, your annual percentage rate can increase by 2%.
A closer look at a Citi personal loan
Here are a few other details you need to know about Citi personal loans.
- Loan terms — Citi has loan terms ranging between 12 months and 60 months.
- Online-only application process — You can’t apply for a Citi personal loan in person or over the phone — you must submit the loan application and sign the loan agreement electronically.
- Loan restrictions — Citi personal loans cannot be used for post-secondary education expenses or business purposes.
- Interest rate discounts — Existing Citi banking customers with relationship tier accounts will receive an added 0.25% APR discount.
- Eligibility — If you’re a Citi credit card customer, have been a customer for less than 12 months, and don’t have a Citi deposit account, you’re not eligible for a personal loan from Citi.
Who is a Citi loan good for?
A Citi personal loan could be a good fit for an existing Citi banking or credit card customer. You can qualify for a higher loan amount, and if you have a Citi bank account, receive the loan funds as soon as you apply. If you have an emergency expense like a pet’s surgery or a car or appliance repair, Citi could get you the funds you need quickly.
Citi does have limited loan terms, so if you want a longer term to lower your payments, you may want to consider a lender that offers longer loan terms.
How to apply with Citi
Citi’s personal loan application process is completely digital, and Citi only accepts individual applicants. To apply for a personal loan, Citi will prompt you to enter the following information:
- Loan purpose
- Social Security number
- Date of birth
- Contact information
Typically, you’ll receive an answer quickly. If you sign the loan agreement and opt to receive the loan funds in a Citi bank account, you can receive the loan funds as soon as the same day.
Not sure if a Citi personal loan is right for you? Consider these alternatives.
- Discover: If you want to consolidate debt, Discover will disburse the loan funds directly to your other creditors.
- LightStream: If you have very good to excellent credit, LightStream offers higher loan maximums and longer loan repayment terms.
FAQs about Citi personal loans
Citi doesn’t disclose the minimum credit score required to qualify for one of its loans, but the majority of its personal loan customers had a credit score of 660 or higher in 2025, according to the bank’s annual report.
After submitting your loan application, you can receive a response in as little as 60 seconds. If approved, you can receive your loan funds as soon as the same day, though it can take up to business days if you’re using a non-Citi deposit account.
In general, you need good credit to qualify for a Citi personal loan, and Citi doesn’t allow co-applicants, so it can be harder to get a loan from Citi than from other lenders. You may need to work on building your credit before you can qualify for a Citi personal loan.
Our methodology: How Credit Karma rates personal loans
Credit Karma’s editors evaluate personal loans by reviewing key features and how they compare to other popular lenders. Those features fall into the following three categories:
- Affordability — We start by checking if a lender’s rates are competitive: Are they higher than average, or are they lower than many competitors? Then, we analyze if fees — particularly origination fees — may make your loan more costly. Last, we’ll check if the lender offers rate discounts for things like automatic payments that may reduce your rate.
- Customer-friendly features — Taking out a personal loan is a big financial commitment, so we prioritize lenders that make things easier for you. For instance, does a lender offer a wide range of loan amounts for people with different borrowing needs? Does it offer at least several loan terms to give you more flexibility with your monthly payment? And, crucially, can it fund your loan quickly? A lender will also get bonus points for offering direct payments for debt consolidation or other customer-friendly features.
- Transparency — We believe personal loan terms should be easy to find and decipher. Prequalification, which lets you check what rate you may qualify for without a hard credit inquiry, is particularly important. We also check to see if a lender has been recently penalized by regulators.
*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.