Citibank Personal Loan Review 2022 – Forbes Advisor

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how Citibank personal loans compare to other popular lenders:

Citibank versus US Bank

Unlike Citibank, you don’t need to be an existing US Bank customer to apply for a personal loan. Existing US Bank customers can borrow up to $50,000, while non-customers can borrow up to $25,000. Customers must have a minimum credit score of 660 to qualify for a personal loan from US Bank.

Related: US Bank Personal Loan Review

Citibank vs. Wells Fargo

Wells Fargo offers personal loans up to $100,000, which is well above Citibank’s limit. Wells Fargo personal loans have terms ranging from 12 to 84 months, while Citibank’s maximum repayment term is 60 months. Like Citibank, however, Wells Fargo also does not charge prepayment penalties, origination fees, or closing costs.

Related: Wells Fargo Personal Loan Review

Citibank versus SoFi

SoFi personal loans range from $5,000 to $100,000. Citibank has a lower minimum loan amount, which may be better for customers who don’t need to borrow a large sum. However, SoFi has repayment terms of up to 84 months while Citibank only offers a maximum repayment term of 60 months. SoFi requires a minimum credit score of 650 to qualify.

Related: SoFi Personal Loans Review

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