What is Citibank?
Since they began operating in 1812, Citibank has been offering various financial services to its clients. Their consistency and dedication to their customers along with their level of expertise, has made them a renowned institution. They are one of the largest national banks.
Do They Offer Personal Loans?
Of the most notorious and respectable national banks, Citibank is one of the few that offers personal loans. Consumers opt for personal loans for a variety of financial reasons. Some of them involve debt consolidation, weddings, renovations, medical expenditures, financial emergencies or anything requiring additional funds. Regardless of the reason, Citibank’s personal loans offer consolation.
The likelihood of receiving a personal loan from Citibank is higher for those with a good credit score as iterated on their website. The typical income supported by a loan is $10,500.
Existing members of Citibank can expect to receive more benefits. They can apply for loans of higher values and receive discounts for setting up automatic payments from their existing account.
The loan amounts available for new customers start at 2,000 and go up to $12,500. For existing members, loans ranging from $2,000 to $30,000 are available. To receive loans of higher values such as $50,000, applications must be completed on the phone or at the branch.
There are no origination fees ascribed to the Citibank’s loans. Also, it is important to note that the APR is contingent on the loan amount, term offered, and credit rating of the applicant.
How Do I Apply?
Consumers are welcome to apply online, at the branch, or via the telephone. However, as mentioned prior, applicants must adhere to specific stipulations. They must be existing customers, receive an offer in the mail, or be willing to apply over the phone or in person to qualify for loans of more significant values.
To apply online, on the phone or in-person the application process is straightforward. Nonetheless, individuals must have all necessary information prepared to ensure that their application is completed promptly. This will expedite the process. Employment information, social security number, income details, address and other information, will be requested. Consumers can expect to receive funding within five business days.
Citibank is a renowned institution with centuries of experience. The loans offered are realistic, and their dedication to clients, especially existing ones is profound. Customers have spoken highly of Citibank’s commitment and excellent customer service.