Citibank Personal Credit
The Citibank Personal Credit product is a revolving line of credit personal loan with a special balance transfer feature that allows you to consolidate debts from credit cards and personal loans.
The major benefit of this loan is the balance transfer feature. The interest rate on the balance transfer portion of the loan is currently 7.9% pa for the life of the balance transfer.
You can consolidate credit cards, store cards and personal loans.
Citibank Personal Credit Features
| Interest rate on balance transfers | 7.90%* for the life of the balance transfer |
| Interest rate | 14.99% variable |
| Loan term | Revolving |
| Loan amounts | $5,000 - $25,000 |
| Security | Unsecured |
| Repayment frequency | Monthly |
| Minimum Repayments | The greater of $30; or the sum of 1% of outstanding balances plus interest plus late fees |
| Min Income Required | $30,000 |
| Min Age | 18 |
| Establishment Fee | $0 |
| Annual Fee | $69 |
| Monthly Fee | $0 |
| Late Payment Fee | $30 for every 14 days |
| Early Termination Fee | $0 |
| Repayment methods | Direct debit/BPAY/Mail/Australia Post |
| Internet / Phone Banking | Yes |
| Redraw Fee | $0 |
| Access via | ATM/EFTPOS Cheque Book Visa Debit Card |
