Citi Personal Loan Plus for Aussies | Up to $55,000 Unsecured for Home Renos, Redraw and No Early Repayment Fees

The Citi Personal Loan Plus is a strong option for Aussies who need flexible, unsecured funds for home renos, debt consolidation or unexpected expenses. With borrowing available up to $55,000 and a redraw-style reusable credit facility, this loan blends convenience and control for everyday household budgets and bigger projects.

Why many Aussies choose Citi Personal Loan Plus

Citi Personal Loan Plus offers an unsecured facility up to $55,000, so you don’t need to put your home or car up as security. That makes it practical for those who want finance for renovations, a new car or to consolidate higher-interest debts without risking assets.

The product also features a uniform rate approach rather than strict risk-based pricing, which can benefit borrowers whose credit files aren’t perfect. Combine that with a relatively low variable rate and a waived $10 monthly fee promotion, and it becomes appealing for busy households.

Key features, fees and what to expect

Citi Personal Loan Plus typically quotes a variable interest rate around 10.90% p.a. with a comparison rate near 11.19% p.a., available for loans from $2,000 up to $55,000. There’s usually a $199 establishment fee, but no early repayment penalties — which is handy if you plan to pay down the loan faster.

The standout feature is the reusable credit facility: as you repay, you can redraw those funds without reapplying. That flexibility, together with unsecured status and fast online approval, is ideal for project staging or covering sudden costs during renos.

How to apply and eligibility for Australians

Applications for Citi Personal Loan Plus are mainly online and typically take under 10 minutes to start. You’ll need to be at least 18, a permanent Australian resident, and provide ID plus proof of regular income such as payslips or bank statements — have your BSB and account number ready.

Citi will assess serviceability and paperwork, so gather your driver’s licence, Medicare card and recent payslips to speed things up. Because the loan is unsecured, approval leans on income stability and your ability to meet repayments rather than collateral.

Practical uses and final thoughts

For home renos, the Citi Personal Loan Plus gives quick access to funds and the freedom to redraw paid amounts when plans change mid-project. It’s also useful for debt consolidation, smoothing out repayments and potentially lowering overall interest compared with credit cards.

Before you sign, compare rates and total costs against other Aussie lenders and factor in the establishment fee. If you value flexibility, no early repayment fees and the option to redraw, the Citi Personal Loan Plus could be a solid match — consider starting your online application to see a tailored offer.