Intro: CitiFinancial Reviews
CitiFinancial is a financial institution focused on providing a variety of consumer loan products, allowing them to operate as a specialist in this section of the lending field.
CitiFinancial Retail Services have loan products designed to assist with a variety of life events. Whether you are interested in the CitiFinancial Mortgage products for larger needs, or a personal loan for times when you need just a bit of cash, CitiFinancial reviews your unique situation to help ensure you have the best product for you.
CitiFinancial is ready to help you through any situation, including:
- Full home remodels
- Bathroom updates
- Roof repairs
- Electrical and plumbing repairs
- Emergency travel needs
- Family vacations
- Milestone celebrations
Avoid unnecessary credit card debt by letting CitiFinancial review your plans by providing you access to a loan specialist who can work with you one-on-one to create a loan solution that will work best for you. With Citi Retail Services, you’ll get the luxury of fixed monthly payments, so you will know precisely how your loan will affect your budget, as well as the best interest rate available.
CitiFinancial’s Operating History
Currently, CitiFinancial serves as part of the larger corporation, Citi, whose global operations provide services to over 200 million customer accounts across 140 countries worldwide.
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CitiFinancial Retail Services Personal Loans
CitiFinancial Retail Services offers personal loans of up to $20,000. CitiFinancial reviews the applicant’s information to determine if the desired amount will be awarded, as well as the interest rate associated with the terms. Repayment periods range from six to 60 months. depending on the loan size.
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Citi Retail Services provides multiple application options, including the ability to apply in person as well as online. Payments can be submitted in a variety of ways as well, including at a CitiFinancial Retail Services location, online, by mail, through an electronic funds transfer from another financial institution, and through AutoPay. In situations where a CitiFinancial Retail Services customer needs to defer a payment, CitiFinancial reviews your individual situation to see what options may be available.
CitiFinancial services allows a customer prepayment options without applying any additional fees or penalties. There are no administration fees associated with the CitiFinancial Retail Services personal loans, and they also offer a 14-day guarantee should you change your mind.
You can access your account 24/7 through the online account management portal or during the standard operating hours of the over 200 CitiFinancial Retail Services locations.
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CitiFinancial Retail Services Debt Consolidation
At times, juggling multiple debts can feel unmanageable. With a CitiFinancial Retail Services debt consolidation loan, as a qualified applicant, you can combine all of your debts into a single monthly payment along with a lower interest rate than you may have on your current credit card rates. Further, you will know exactly when your debt will be paid off based on the fixed monthly payments and set number of installments. Depending on the size of your debt, you could be debt free in anywhere from six to 60 months.
With your debt consolidation loan, you will have access to all of the benefits associated with the Citi Retail Services personal loan including multiple payments mechanisms and a personally selected due date.
If you are a homeowner, you may qualify for the lower interest rates associated with the special products reserved specifically for people who have equity in their homes. Additionally, you may qualify for extended repayment terms, giving you more time to pay off your debt than the standard CitiFinancial Retail Services debt consolidation loan options.
CitiFinancial Retail Services Loans for Homeowners
Not to be confused with the CitiFinancial mortgage, Citi Retail Services offers special personal loans for homeowners. It allows a borrower to request amounts up to $25,000 with lower rates than those offered through the CitiFinancial Retail Services standard personal loan offerings. Applications can be submitted online or in person, with repayment terms ranging from 36 to 120 months.
Unlike the CitiFinancial Retail Services standard personal loan, the personal loan for homeowners may be subjected to certain administrative fees. Additionally, in order to secure the lower interest rate, the Citi Retail Services personal loan for homeowners does use the equity in the borrower’s home to back the loan.
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CitiFinancial Mortgage
CitiFinancial Mortgage offers homeowners the ability to borrow up to $400,000 toward the purchase or refinancing of a home. Citi Retail Services does not require the funds to be used for the purchase of a new home. Instead, it allows homeowners the option to use the funds as they choose based on the equity in their current home.
A CitiFinancial mortgage can provide the funds needed to complete a variety of financial goals. This can include cash for home improvements, debt consolidation, another large purchase, or the cash needed to address an emergency.
In a CitiFinancial first mortgage, CitiFinancial reviews the value or equity of the home being used as collateral against the loan. A borrower can receive up to 90% of the value of the home to either purchase a new home or refinance a current home. Interest rates vary depending on the borrower’s credit. CitiFinancial Retail Services offers repayment terms between 60 and 360 months depending on the dollar amount involved.
Along with the first CitiFinancial mortgage option comes the option for a second mortgage. Citi Retail Services allows interested borrowers access to up to 80% of their home’s value to a maximum of $125,000 based on the outcome of the required CitiFinancial reviews regarding the property’s value. The interest rates are lower than traditional CitiFinancial Retail Services personal loans as the home serves as collateral to back the loan. The second CitiFinancial mortgage offers repayment terms between 60 and 240 months depending on the amount borrowed. Interest rates are determined based on the outcome of the Citi financial review of the borrower’s creditworthiness.
Additional Offerings from CitiFinancial Retail Services
Citi Retail Services offers customers various additional products designed to work in conjunction with the CitiFinancial mortgage and other loan offerings. These optional services include various insurance products designed to help protect borrowers from the negative effects of certain life events. Insurance products include:
- Life insurance
- Disability insurance
- Job loss insurance
- Home and auto security plans
Life insurance provides the ability to pay off or reduce a loan’s balance, such as the balance of an included CitiFinancial mortgage, upon the death of the primary borrower, while the disability insurance can be used to cover payments in the event an illness or injury prevents you from being able to work. Job loss insurance helps cover payments during periods of involuntary unemployment.
The home and auto security plans offer various benefits, including road side assistance, legal services, and certain other home and family benefits. Travel discounts are included as well as certain health benefits.
CitiFinancial Educational Offerings
Along with the CitiFinancial Retail Services comes access to a variety of educational materials. This includes featured articles covering a variety of personal finance topics including advice on trimming your budget and the potential benefits of debt consolidation. CitiFinancial reviews the information often to ensure accuracy and adds new articles regularly to help ensure their customers remain informed.
CitiFinancial reviews additional information through the Citi Retail Services knowledge archive. This includes information on topics such as how to understand the simple interest rate associated with your CitiFinancial Retail Services products as well as tips regarding protecting yourself from identity theft. The knowledge archive helps provide customers a way to access fundamental information on personal finance and can be used to start a conversation with a lending specialist should you have any questions.
Once you have finished reviewing the CitiFinancial Services educational information, you can access the available monthly payment or debt consolidation calculators. This allows you to estimate your potential loan payments under a variety of circumstances. If you want further guidance, you can have CitiFinancial review the information with you to help you better understand your options.
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Summary of CitiFinancial Retail Services Loan Options
Whether you are planning for a wedding, preparing for a new baby, working on a home remodel, or handling an emergency, CitiFinancial Retail Services has the options you need. The CitiFinancial mortgage allows you to use the equity in your home to handle all of your financial needs with a lower rate, while the Citi Retail Services standard personal loans offer competitive options to non-homeowners.
Every potential borrower will be matched with a CitiFinancial Retail Services lending specialist helping to make sure you have access to the best products to suit your needs. You will receive the one-on-one attention you deserve and the expert advice you need to fully understand the product you select. CitiFinancial reviews your individual financial situation to make sure you fully understand how your new loan will fit into your life and your budget.
All of the CitiFinancial Retail Services products offer fixed monthly payments with a set number of installments, so you will know exactly how much you will owe as well as precisely when your payments will end. You can use the funds for debt consolidation, allowing you to lower your interest rates and overall monthly payments. With CitiFinancial Retail Services, there is no prepayment penalty, so, if you are able to make additional payments, those payments will go directly toward helping to pay down your loan, so you can get out of debt faster.
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