Citi Bank Personal Loan: Interest Rate, Eligibility, Processing Fee & Customer Care

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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 OF CITIBANK PERSONAL LOAN :

1. Fast processing :

Citibank personal loan should approved the loan processing is very fast without any problem The payment of Citibank should be credited to your bank account within 48 hour

2. Simple documentation :

CitiBank provides simple documentation for the customers. It is not required to submit so many documents for a personal loan. The process of documentation is very simple and fast.

3. Low interest rate :

The minimum interest rate of Citibank personal loan is 10.50% and maximum rate is 17.99%. It provides you best and low interest rate and fulfill your all requirements in best possible ways.

4. Flexible tenure :

The Citibank personal loans are taken to meet their sudden needs of the customers. So, the Citibank provides flexible tenure period of 1 years to 5 years.

 

DOCUMENTS REQUIRED FOR CITIBANK PERSONAL LOAN : 

CRITERIA 

 FOR SALARIED

 FOR SELF EMPLOYED

ID PROOF

Photographs

Passport

Driving license

Voter id

Aadhar card

National Population Register (containing details of name and address)

 

Photographs

Passport

Driving license

Voter id

Aadhar card

National Population Register (containing details of name and address)

 

ADDRESS PROOF

Passport

Driving license

Voter id card

Ration card

Utility bills

Property registration documents/rental agreement

Passport

Driving license

Voter id card

Ration card

Utility bills

Property registration documents/rental agreement

 

AGE PROOF

Aadhar card

Birth certificate

Passport

Voter id 

Aadhar card

Birth certificate

Passport

Voter id 

INCOME PROOF

Latest 2 payslips

 

Last 3 months bank statement

Form 16 and ITR of last 2 years

 

Last 3 months bank statement

 

 

ELIGIBILITY CRITERIA OF CITIBANK PERSONAL LOAN :

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 25000 salary for salaried 

For self employed the gross annual income is Rs 5 lakh

 

FEE & CHARGES OF CITIBANK PERSONAL LOAN :

Processing Fee

0.50% to 3.00% on loan amount

Late Payment Charges

There are no late payment charges

Charges

Up to 3% on total principal outstanding

 

HOW TO APPLY ONLINE FOR CITIBANK PERSONAL LOAN :

  • 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 :

BANKS

INTEREST RATES

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.50% to 12%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

7.65% to 12.65%

Bank of India Personal Loan

12.15% to 14.15%

Canara Bank Personal Loan

12.05% onwards

 

WHY CHOOSE A CITIBANK PERSONAL LOAN : 

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

 

HOW TO CALCULATE EMI FOR CITIBANK PERSONAL LOAN :                            

EMI Calculator Citibank calculates EMI using below formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where;

P = principal loan amount

R = rate of interest per month 

N = loan tenure in months

 

FREQUENTLY ASKED QUESTIONS :

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

2. What is the interest rate of Citibank personal loan?

The interest rate of Citibank personal loan is 10.50% to 17.99%

3. What is the minimum and maximum tenure of personal loan in CitiBank?

Flexible repayment tenure of personal loans is 1 to 6 years.

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

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. 

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. 

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/2020

Know More About

Citi Bank Personal Loan

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

Citi Bank Personal Loan Interest Rates

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

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959