CITIBANK PERSONAL LOAN
ABOUT CITIBANK PERSONAL LOAN :
Citibank is the foreign bank in India with full banking and financial services. It was established in 1902 and their headquarters at Mumbai.This bank is one of the best leading private sector banks. It fulfills your all needs in the best possible ways. Citibank also provides offers like house renovation, wedding expenses or unplanned holidays.CitiBank personal loan offers an easy way to access funds quickly.
FEATURES :
Fast processing
Simple documentation
Low interest rate
Flexible tenure of upto 5 years
DOCUMENTS REQUIRED :
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CRITERIA |
FOR SALARIED |
FOR SELF EMPLOYED |
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ID PROOF |
Register (containing details of name and address) |
Register (containing details of name and address) |
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ADDRESS PROOF |
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|
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AGE PROOF |
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|
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INCOME PROOF |
statement |
statement |
ELIGIBILITY CRITERIA :
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ELIGIBLE |
Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. |
|
AGE |
Salaried employees :23 years to 60 years Self employed professionals : 25 to 65 years. |
|
INCOME |
Minimum of 1 year experience with the current employer Min. Rs 15000 salary |
FEE & CHARGES :
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Processing Fee |
0.50% to 3.00% on loan amount |
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Late Payment Charges |
There are no late payment charges. |
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Charges |
Up to 3% on total principal outstanding. |
HOW TO APPLY FOR CITIBANK PERSONAL LOAN ONLINE :
Browse to Citi bank portal
Now go to “Loans” section
Now click on “Personal loan”
Complete the registration form and attached all required documents
After that submit your application form
COMPARE OTHER BANK PERSONAL LOAN INTEREST RATE :
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BANKS |
INTEREST RATE |
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12% to 24% |
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11.30% to 16.40% |
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12.15% to 15.15% |
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11.50% to 12% |
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10.75% to 21.50% |
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10.50% to 16.99% |
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20.00% to 22.00% |
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10.50% to 17.99% |
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10.99% to 16.25% |
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11.00% to 19.20% |
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12.00% to 14.00% |
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14.00% to 23.00% |
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10.75% to 17.84% |
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11.00% to 16.75% |
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11.70% to 16.70% |
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12.45% to 14.15% |
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12.05% onwards |
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Citibank personal loans can be the best options for a variety of reasons. Here are some of the key features and benefits of Citibank personal loans:
The maximum Loan amounts up to Rs.30 lakh
Quick and simple processing
Facility of prepayment charges
Attractive interest rates starting from 10.50% p.a.
Amount should be credited to your bank account within 48 hours.
No requirement of guarantor
FREQUENTLY ASKED QUESTIONS :
Q. 1. What is the minimum and maximum limit of loan amount for CitiBank personal loan?
The Minimum and maximum limit of loan amount for CitiBank personal loan is Rs. 1 lakh to Rs. 30 lakh
Q.2 What is the interest rate of Citibank personal loan?
The interest rate of Citibank personal loan is 10.50% to 17.99%
Q.3. What is the minimum and maximum tenure of personal loan in CitiBank?
Flexible repayment tenure of personal loans is 1 to 6 years.
Q.4. How much processing fee is charged by CitiBank on personal loan?
Citibank personal loan charged processing fees is 0.50% to 3% on loan amount
Q.5. Is age an important factor to get a personal loan from CitiBank?
YES, if you are salaried employees your age must be 23 years to 60 years and if you are self employed professionals your age is 25 years to 65 years.
Q.6. How can I get a CitiBank personal loan?
You can get a CitiBank personal loan by directly visiting the nearest branch or can apply online at their website.
Q.7. Is there security or collateral required to get a personal loan from CitiBank?
There is no collateral and security required to get a personal loan from Citibank
Last Updated on : 07/Aug/2020Know More How To Apply ??
Know More About
You're eligible for a Citi Bank Personal Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Citi Bank Personal Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 10.5% - 17.99% |
| Processing Fees | 0.50% to 3% of the loan amount |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Personal Loans EMI Calculator