Citibank Personal Loans

Citibank offers personal loan options to eligible customers, primarily through a product called Citi Flex Loan, which is available to existing Citi credit card holders. Rather than a traditional standalone personal loan that anyone can apply for, the Citi Flex Loan allows eligible Citi credit card customers to borrow a fixed amount against their available credit limit at a fixed interest rate, repaid in equal monthly installments over a set term.

This structure means you do not need to open a new account or go through a separate credit application. Instead, the loan is drawn from your existing Citi credit card credit line. Payments are added to your monthly credit card bill as a separate fixed installment, distinct from any revolving balance you may also carry.

Because the Citi Flex Loan uses your existing credit line, the amount you can borrow is limited to your available credit. If you use the Flex Loan, your available revolving credit on the card decreases by the loan amount. This is worth considering if you rely on that credit line for other purposes.

Rates on Citi Flex Loans are generally lower than the standard purchase APR on the credit card, which can make it a practical way for existing Citi cardholders to access credit at a more predictable cost than carrying a revolving balance.

Citi personal loan products are not available to the general public as open-application products. If you are not a Citi credit card customer, you would need to become one before accessing these products. Compare this option against personal loan offers from banks, credit unions, and online lenders to find the best terms for your situation. Citibank is FDIC-insured.