Citibank unsecured loans review: Fund which have strong interest rates for existing Citi users
The bottom line: Citibank also offers unsecured loans having pretty good rates than the battle. not, merely established Citi clients are qualified to receive financing, and also the count you could potentially borrow is bound.
Citibank unsecured loan number and you will interest levels
Citibank loan quantity may include $2,100 to help you $31,100, therefore the company welcomes loan applications of residents of all fifty says and you can Arizona, DC.
Based on your credit score or other monetary situations, your own Annual percentage rate usually vary from seven.99 to %, that’s average versus additional big competitors’ ple, Marcus’ cost range between 6.99% in order to %, while you are Avant’s finance has actually APRs anywhere between nine.95% so you can %.
Advantages and disadvantages off Citibank signature loans
- Competitive Apr assortment. The greatest and you can bottom stops away from Citi’s Annual percentage rate diversity is actually in accordance with other comparable lenders. But not, when you yourself have greatest-notch borrowing from the bank you are able to find all the way down cost which have most other lenders, eg Lightstream or SoFi.
- Zero prepayment penalty otherwise origination fee. It is possible to pay your loan instead taking on a supplementary payment. Citi together with wouldn’t charge you a keen origination fee, that’s an amount of cash subtracted from your own financing harmony whenever financing is actually paid.
- Speed dismiss that have Autopay. You’re getting a beneficial 0.50% rate of interest write off after you sign up for automated costs into your loan.
- Limited so you can current Citi users. You really need to have an excellent Citi deposit account discover to own the absolute minimum of one season one which just apply for financing.
- Late costs. You will be charged a late fee from $25 in case the financing percentage are later. Citi plus ups the speed from the dos% to have individuals two months behind to the paying down its loan.