citibank personal loan

Citibank Personal Loan

Minimum loan amount

P 20,000

Minimum annual income

P 250,000

Add-on interest


Special Promotions

FREE GIFT worth up to ₱10,990!

Apply for a Citi Personal Loan to receive your welcome gift upon loan disbursement. The welcome gift you’ll receive will depend on the final disbursed amount. Promo is extended until March 31, 2023. Want to learn more about your reward's delivery time and more? Check out our FAQs. See full terms and conditions here.

Disbursed Amount

Physical Gift

Digital Gift

Below ₱250,000Samsung Soundbar HW-T420/XP₱5,000 GCash
₱250,000 and AboveApple AirPods 3₱10,000 GCash

Product Summary

citibank personal loan

Citibank Personal Loan

Bring your plans to life when you apply for a Citi Personal Loan. With a high loan amount of up to ₱2 million and flexible repayment terms, you can fund your dream business or home improvement projects. Apply now and get approved in as fast as 24 hours!

    • Fast approval time—as fast as 24 hours
    • High loan amount of up to ₱2 million
    • Flexible payment terms of up to 5 years
    • No collateral or guarantor needed
    • Receive and pay your loan through Citi Savings Guard
    • Ideal for: home renovation, opening a new business, or funding vacations
    • This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
    Age21 to 65 years old
    Minimum Annual IncomeP250,000
    Credit CardRequired
    Landline NumberNot Required
    Late payment Fee P500

    Is this the right product for you?

    Checkout the other personal loan listing.

    Citibank Personal Loan Review

    Part of the financial planning process is to consider applying for a personal loan. After all, you can only stretch your budget so much. If you’re looking for financial aid, Citibank is one of the best banks out there.

    Citi’s Personal Loan has lots of exciting features and unique selling points that make it a better choice over other loan products in the market. Interested? We’ve pulled together a comprehensive guide for you, from this loan’s uses to add-on rates.

    Where Can I Use a Citi Personal Loan?

    You can use your Citibank Personal Loan to fund huge expenses that usually take years to save up for. Because of Citibank’s high loan amount, you can use your loan to make life-changing decisions. Here are just some of the most common loan purposes in the Philippines:

    • Business Expansion - Use your loan to start a new business or expand your current one. You can also use it to fund other business-related expenses.
    • Home Renovation - Want to renovate your home? Fund quick major repairs with your Citi Personal Loan. You can also use it to expand your real estate property.
    • Planned Vacations - If you’re looking to explore the world with the people you love or by yourself, you can use your Citi Personal Loan to fund your dream vacation.
    • Dream Wedding - Marry the love of your life in the dream wedding you’ve always wanted. Don’t have a budget for it? Apply for a Citi Personal Loan online and make it happen.
    • School Expenses - Got any unpaid tuition or other school expenses? Whether it’s for you or your children’s education, don’t miss a school year with a Citi Personal Loan.
    • Debt Payment - Stressed by unpaid debts? As long as you’re in good standing with your previous loan provider, you can also use your Citi Personal Loan to settle your debts.

    Who Can Get a Citi Personal Loan?

    To start your journey, you need to meet the following Citi Personal Loan eligibility criteria:

    • At least 21 to 65 years old
    • Filipino resident or a local resident foreigner with a valid Philippine billing address
    • Minimum gross annual income of ₱250,000
    • Must be a principal credit cardholder for at least 3 months (an existing Citi credit cardholder for at least 6 months if you want to avail of the Moneymax promo)
    • Must have a tax identification number (TIN)

    Citi Personal Loan Requirements for Filipinos

    • Completed Citi personal loan application form
    • Valid government-issued ID with photo and signature
    • For employed borrowers:
      • Any of the following:
        • Complete 1 month payslip in the past 2 months
        • Certificate of Employment (COE) in the past 2 months
        • ITR with BIR Stamp issued in 2021 onwards
    • For self-employed borrowers:
      • Latest ITR or BIR Form 1701
      • Audited financial statements with independent auditor’s report and balance sheets and tax receipt (all pages for all documents)

    Citi Personal Loan Requirements for Foreigners

    • Alien Certificate of Registration (ACR) or valid passport
    • Any proof of residency in the Philippines:
      • Immigrant Certificate of Residency (ICR)
      • Visa and work permit or Alien Employment Permit (AEP) with a validity of more than 1 year
      • ACR I-Card with a permanent visa status or validity of more than 1 year
      • Special Resident Retirement Visa (SRRV)
      • Special Resident Investors Visa (SRIV)
    • For expats employed in the top 2,000 companies: Employment contract or letter from the company HR printed on company letterhead with name, job title/position, and confirmation of term

    Receive and Pay Your Loan through Citi Savings Guard

    There are a couple of ways to receive your loan disbursement and manage your loan proceeds but the easiest way is through Citi Savings Guard, an all-digital savings account that lets you do your transactions online. Its convenience extends to its use as there’s no maintaining balance and no fees when transferring to any local bank. Maintain a certain amount in your account to enjoy the following features:

    For a ₱20,000 maintaining balance:

    • 1% interest rate gross per annum 

    • Receive a Citi Debit Mastercard with no withdrawal fee when you use any ATM in the Philippines

    For a ₱100,000 maintaining balance:

    • Free life insurance up to ₱2 million

    • Receive a welcome gift of ₱1,000 cash credits

    Citi Savings Guard is exclusive to Citi credit card and personal loan users.

    Citi Personal Loan Calculator

    It’s not enough to know if you’re eligible for a Citi personal loan. You also have to make sure that you can afford the monthly loan repayments. For determining the monthly installment that fits your budget, an online loan calculator comes in handy.

    Citibank has an online personal loan calculator that you can use to check which repayment term for your target loan amount will work best for your budget.

    Note: The resulting figures of your calculation are just estimates. They’re subject to change. Remember that your actual amortizations will be reflected in the loan disclosure statement.

    Citi Personal Loan Sample Computation

    Loan Amount

    12 months

    24 months

    36 months

    48 months

    60 months


    Citi Personal Loan Interest Rates

    • Loan terms: 1 to 5 years
    • Add-on rate: 1.29%
    • Average annual contractual rate: 26.9%
    • Effective annual interest rate: 32.05% for a loan worth ₱200,000 at 36 monthly repayments (inclusive of monthly interest charge, disbursement fee, and DST) 
    • Documentary Stamp Tax: ₱1.50 for every ₱200 of the loan amount
    • Disbursement fee: ₱1,750
    • Late payment fee: ₱500 or 6% of the overdue amount, whichever is higher
    • Closure handling fee: 4% of the unbilled principal component of the loan that is prepaid

    Citi Personal Loan has one of the lowest interest rates in the Philippines. This means the cost of borrowing from Citibank is lower compared to most banks and personal loan providers in the country.

    To fully understand how Citibank computes the Citi personal loan interest rate, you should be familiar with the bank’s three types of interest rates and their differences.

    1. Annual Contractual Rate

    Citibank defines the annual contractual rate (ACR) as the interest charged on the personal loan based on a 360-day period. It computes the ACR per month consisting of 30 days. The interest is also calculated on the unpaid daily balance of your loan.

    The average ACR for the Citi Personal Loan is 26.9%. Borrowers can check the ACR in the loan disclosure statement issued upon loan approval.

    2. Monthly Add-On Interest Rate

    The monthly interest rate is a revolving interest of 1.29% that’s applied to any or all of the following:

    • Unpaid fees and charges
    • Total amount due (including any unpaid fees and charges, past due monthly installments, and remaining principal balance) when the loan is unpaid for at least 60 days

    This interest charge, which is compounded monthly, continues to be charged until the total amount due plus accrued interest is fully paid.

    To avoid this personal loan fee, choose a monthly installment amount and loan term that will enable you to make timely repayments on your Citi personal loan.

    3. Effective Interest Rate

    The effective interest rate (EIR) is “the rate that exactly discounts estimated future cash flows through the life of the loan to the net amount of loan proceeds,” as defined by the Philippine Accounting Standards.

    Simply put, it’s the rate a borrower actually pays on a personal loan. The EIR includes the monthly interest charge, disbursement fee, and documentary stamp tax (DST).

    The EIR computation depends on your loan amount and loan term, the exact amount of which is reflected in the disclosure statement along with the ACR. For example, if you borrow PHP 200,000 from Citibank and choose to pay it off in 36 months, your EIR will be 32.05%.

    How to Get a Citi Personal Loan via Moneymax

    1. Applying for a Citibank Personal Loan is easy when done online. Make it more convenient when you apply for a loan via Moneymax. Just follow these simple steps:
    2. Scroll back to the top of this page and click Apply Now.
    3. Enter the required loan details, monthly income, and your personal information (name, email address, and phone number) on the application form. Tick the Terms and Conditions box (and if preferred, the marketing consent box) before clicking Next.
    4. From there, you'll be redirected to Citi's website to finish the application. Next, our team will assess your application to check if you’re eligible for a loan. Expect a call from Citibank to verify your information.

    Citibank, N.A., Philippine Branch, has transferred ownership of its consumer banking business to Union Bank of the Philippines with effect from August 1, 2022. The trademarks “Citi”, “Citibank”, “Citigroup”, the Arc design, and all similar trademarks and derivations thereof are used temporarily under license by Union Bank of the Philippines from Citigroup Inc. and related group entities. This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.


    You can borrow as much as ₱2 million with a Citi Personal Loan.

    No, you cannot. To prevent identity fraud, Citibank will only release loan proceeds solely to the applicant.

    This is the process upon receiving approval for your Citibank Loan.
    1. Choose a method of disbursement:
      1. Credit to your bank account
      2. Delivery of a manager’s check to your address
    2. Sign the Loan Disclosure Statement (DS).
    3. Prepare post-dated checks (PDCs) as scheduled in the DS.
    4. Loan proceeds will be released upon Citi's receipt of the signed DS and PDCs.

    If you want an easier way to repay and receive your loan, try Citi Savings Guard, Citibank’s all-digital savings account. Here's a snapshot of the benefits you'll enjoy:

    • No maintaining balance
    • Free and unlimited transfers to any local bank account
    • 1% interest rate gross per annum (for ₱20,000 monthly deposit balance)
    • Up to ₱2 million free life insurance (for ₱100,000 monthly deposit balance)

    Since it’s all digital, opening a Citi Savings Guard is easy—do it all through the Citi Mobile app. This product is only available to existing Citi credit card and Citi Personal Loan customers.

    A Citi Personal Loan application can be processed in as fast as 24 hours as long as you're done submitting all the required documents.

    You will receive a call from Citibank to arrange your loan disbursement. To follow up on your application, call their hotline at 8995 9999.


    Stay with us

    Subscribe to us and get the latest news