citibank personal loan

Citibank Personal Loan

Minimum loan amount

P 20,000

Minimum annual income

P 250,000

Add-on interest

2.42%

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 extended from December 1 to 31, 2022. 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 ₱250,000 Marshall Willen ₱5,000 GCash
₱250,000 and Above Apple 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 in as fast as 24 hours
    • High loan amount of up to ₱2 million
    • Flexible payment terms of up to five (5) years
    • No collateral or guarantor needed
    • 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.
    Age 21 to 65 years old
    Minimum Annual Income P250,000
    Credit Card Required
    Landline Number 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 a lot 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 interest 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 personal 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 have a Citi credit card for at least six months or other credit cards for at least one year
    • 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: Payslip for the past three months/latest income tax return (ITR) or BIR Form 2316
    • For self-employed borrowers: Latest ITR or BIR Form 1701 and audited financial statements with independent auditor’s report and balance sheets and tax receipt

    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 one year
      • ACR I-Card with a permanent visa status or validity of more than one 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


    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.

    Here’s how to compute your monthly repayments using the Citibank Online Personal Loan Calculator.

    1. Access the online calculator through the Citi Personal Loan page.
    2. Scroll down to the “Personal Loan Repayment Calculator” section.
    3. Enter the amount you wish to borrow. The online calculator automatically calculates the monthly payment per loan term based on your desired loan amount.
    4. Scroll down a bit to check the results. Click on “Show more options” to view all the available repayment options.

    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

    ₱100,000₱9,597.33/month₱5,432.67/month₱4,076.78/month₱3,422.33/month₱3,047.67/month
    ₱200,000₱19,194.67/month₱10,865.33/month₱8,153.56/month₱6,844.67/month₱6,095.33/month
    ₱500,000₱47,986.67/month₱27,163.33/month₱20,383.89/month₱17,111.67/month₱15,238.33/month
    ₱1,000,000₱95,973.33/month₱54,326.67/month₱40,767.78/month₱34,223.33/month₱30,476.67/month
    ₱2,000,000₱191,946.67/month₱108,653.33/month₱81,535.56/month₱68,446.67/month₱60,953.33/month


    Citi Personal Loan Interest Rates

    • Loan terms: 1 to 5 years
    • Monthly interest rate: 2.42%
    • 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) 
    • 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 Interest Rate

    The monthly interest rate is a revolving interest of 2.42% 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, make sure to 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 your employment status, loan amount, monthly income, and other required information before clicking Next.
    4. Enter your name, email address, and phone number on the pop-up form. Tick the terms and conditions and marketing consent boxes before clicking Next.
    5. From there, our team will assess your application to check if you’re eligible for a loan. Citibank will contact you if you’re qualified to apply.

    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.

    FAQs

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


    No, you cannot. To prevent identity fraud, loan proceeds will only be released by Citibank 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 Agreement (LDS).
    3. Prepare post-dated checks as scheduled in the LDS.
    4. Loan proceeds will be released after sending the post-dated checks.

    A Citi Personal Loan application can be processed in as fast as 24 hours. Just make sure that your documents are complete when you submit these.


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

    You can head to the Citi Personal Loan website and use the online loan calculator to check your estimated monthly payments.

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