Take Advantage of the Citibank Personal Loans

You never know where life takes you and when you find yourself in a situation where you need some extra cash. What do you do in such a situation? Turn to your friends and family? What if they can’t help you, or won’t help you? Where do you go then? To a bank, of course, to take out a loan. And when you need a loan, there is no better option than Citibank Personal Loans. Why? Because you can borrow as little as $500 and as much as $50,000 through Citibank personal loans, depending on your need. And you can use these loans to do anything you need; improve your home, buy a boat or consolidate your debt.

Eligibility Criteria for Citibank Personal Loans

To be eligible for Citibank personal loans, you should meet a certain criteria, which includes:

  • A deposit account at Citibank, a Citi credit card, or a mortgage linked with Citibank. You should have had at least one of these for a minimum of one month when you apply for Citibank personal loans.
  • Your bank account should have a positive balance. Alternatively, you should have made a deposit to your account in the last 3 months.
  • An annual income of at least $10,500.
  • The loan requirement must not be above $50,000.

The current APR can range between 8.99% and 20.74%; for instance, residents of California can enjoy an interest rate of 8.99%. There are also a lot of loan term options, which are flexible and convenient for anyone. Due to these terms, you can pay your loan back from anywhere between 2 to 5 years.

Alternative to Citibank Personal Loans

If you do not meet the eligibility criteria for Citibank personal loans, you have another option; Citibank personal lines of credit. You can also go for this option if you need to borrow money regularly, which can help your overall cash flow. Depending on your credit status and on your financial ability, you can get a personal line of credit for up to $50,000.

Citibank personal loans can be processed and approved rather quickly if the application is complete and correct; you may receive a check for the approved loan within five working days.

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