FAQs

Apply Now

Questions? Ask a Citizen.
1-888-333-0104

General Info

How does the Citizens Bank Personal Loan impact my credit?

A key ingredient of a person's credit score is having a credit history with a good track record of making payments. Paying on time is important in developing a good credit score.

What are the interest rates offered?

Check out our rate & repayment examples for current interest rates.

What is the difference between interest rate and APR?

The interest rate is the amount charged to borrow money. The APR (Annual Percentage Rate), combines the interest rate and any other fees associated with the loan, to show the true cost of borrowing as an annual rate for each year of the loan term.

Are there any upfront fees for the Citizens Bank Personal Loan?

The Citizens Bank Personal Loan has no origination, application or disbursement fees.

What kind of credit is required for a Citizens Bank Personal Loan?

We will need to see a reasonably strong credit history.

What is the minimum income required for a Citizens Bank Personal Loan?

The minimum income required for a Citizens Bank Personal Loan is $24,000.

Will this loan application impact my credit score?

The Citizens Bank Personal Loan is a credit-based loan which will be seen as an inquiry on your credit report.

How will I receive the loan funds?

Approved borrowers will need to provide us with a U.S. domicile bank account, in their name, and routing information. The loan proceeds will be disbursed directly to the bank account provided.

Application Process

Who can apply for the Citizens Bank Personal loan?

Anyone that has reached the age of majority in their state of residence, is a U.S. Citizen or permanent resident, and has a valid social security number may apply. To be approved for the loan, all applicants need a good credit history and current income sufficient to repay the debt.2

How much may I finance?

The Citizens Bank Personal Loan is available in loan amounts ranging from a minimum of $5,000.00 to a maximum of $50,000.00.

How can I check the status of my loan application?

Applicants and co-applicants may check their loan application status by logging into our website with their username and password. Also, applicants who include a cell phone number in their application may choose to receive updates and messages from the Citizens Bank Personal Loan Application Assistant.3

Repayment Details

Can I pay off my loan faster than the repayment term I choose?

Yes. You can choose to make additional payments and you will not be charged any early repayment fees.

When are my payments due?

Your payments will be due on a monthly basis beginning 30-45 days from when the loan is disbursed. You will receive an email to let you know when your payments are due. Automatic payments can also be setup, which is a great way to build your credit with on-time payments.

Is there a fee if I pay my loan late?

Loan payments received after the due date will incur a fee of 5% of the amount due.

What if I enter into active military? Are there benefits available?

Active duty service members may be eligible for additional benefits depending on a number of factors. Service members should contact us to discuss their unique situation.

Apply Now

Questions? Ask a Citizen.
1-888-333-0104