Citibank – loan
Citibank personal loans up to ₱2,000,000
Citibank Philippines sold its consumer banking business to UnionBank of the Philippines in 2022. Personal loans are no longer available under the Citibank brand. Consider applying with UnionBank or other lenders.
Citibank offers competitive personal loan products backed by decades of banking experience in the Philippines. With loan amounts ranging from ₱10,000 to ₱2,000,000 and repayment terms of 12 to 60 months, Citibank caters to a wide range of financial needs — from everyday expenses to major life investments.
As a BSP-regulated bank, Citibank adheres to the highest standards of consumer protection and transparent lending. The interest rate starts at 30.90% per month, and the loan can be used for any legitimate purpose including debt consolidation, home renovation, medical expenses, education, or travel.
Approval for Citibank personal loans typically takes 3-5 banking days. Existing account holders and payroll account clients may enjoy faster processing and preferential rates. A good credit history with the bank significantly improves your chances of approval and may qualify you for higher loan amounts.
✓ Pros
- High loan amounts up to ₱2,000,000 available
- Transparent processing with a clear approval timeline
- Fixed interest rate makes repayment planning straightforward
- BSP-regulated bank with strong consumer protection
✗ Cons
- High interest rate – best used for short-term emergencies only
- Approval takes several banking days – not suitable for urgent same-day needs
- Extensive documentation required compared to online lenders
Loan example
Example: Borrow ₱30,000 for 12 months at 30.90% per month = approx. ₱9,651.34 monthly payment. Total repayable: ₱115,816.07.
Loan requirements
- ✓ Valid government-issued ID (SSS, GSIS, PhilHealth, driver's license, or passport)
- ✓ Proof of income: payslips for the last 3 months or Certificate of Employment
- ✓ ITR (Income Tax Return) for the past 1-2 years
- ✓ Proof of billing address (utility bill or bank statement)
Loan features
- Loan amounts: ₱10,000 to ₱2,000,000
- Repayment term: 12 to 60 months
- Approval time: 3-5 banking days
- Available at branches nationwide and through online banking
- Optional loan insurance for added protection
Frequently asked questions
3-5 banking days after submitting the application.
The minimum amount at Citibank is ₱10K.