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CITIBANK PERSONAL LOAN

Citibank brings its customers the financial help with personal loans. The Citibank personal loans are provided with the interest charges starting at as low as 10.99% at the ease of repayment period that goes up to 60 months. Personal loan is a type of loan by Citibank that you can apply for taking care of different purposes. These purposes include several expenses such as education, medical, wedding, travel etc. Apart from that, if there are debts burdening your shoulders and you don’t find a way out, you can use the Citibank personal loan at an affordable rate and help yourself. 

Citibank Personal Loan Interest Rates & Charges

Loan Amount Ranges from Rs 25,000 to Rs 30 lakh 
Interest Charges Starts at 10.99% per annum
Processing Fees Up to 3% of loan amount + applicable taxes 
Tenure Up to 12-60 months
Prepayment Charges Up to 4% of the principal loan amount

Features and Benefits of Citibank Personal Loan

Why Citibank personal loan? We have listed below the features and benefits of Citibank personal loan as reasons why you can go for it. 

1. Multipurpose Loan : When the urgent financial requirements start troubling you, the Citibank personal loan is something you can consider taking help from. The bank gives the customers the relief of meeting different personal needs and wants financially. Whether it is a big fat debt you want to consolidate or a vacation you are craving since ages, Citibank personal loan can be your gateway to solutions. 

Here are some of the types of financial requirements for which you can apply for personal loan:

  • Education Expenses
  • Home Renovation
  • Wedding Expenses 
  • Debt Consolidation
  • Travel

2. Loan Amount : The amount you can avail as personal loan is determined by various factors such as your purpose, income, credit worthiness etc. Citibank personal loan allows you to apply for the loan amount ranging from Rs 25,000 to Rs 30 lakh. 

3. Interest Charges : Citi personal loan is offered at affordable rates of interest. The interest charges that apply on this loan are affected by the tenure, your credit history and of course, the bank's discretion. However, the interest rate on Citibank personal loans starts at 10.99%. 

4. Loan Tenure : You get a comfortable period to repay your Citibank personal loan. The bank gives you the coolheaded repayment tenure ranging from 12 months to 60 months. If you opt for a smaller tenure then you will have to pay larger installments and it goes vice versa. You can choose the tenure that suits your budget the best.

5. Prepayment : The bank comes with an option to prepay the loan amount. You can pay the Citibank personal lam amount way before the tenure ends, provided that you have sufficient funds and save up on interest charges. The bank charges up to 4% of the outstanding principal amount as pre-closure. 

6. Disbursement : You can apply for Citibank personal loan online or offline and in no time, get started with the loan procedure. You can get the loan credited to your account within 48 hours by the bank. Besides, there is minimal documentation. 

Eligibility for Citibank Personal Loan

Here is the eligibility criteria for Citibank personal loan:

  • The salaried, self employed individuals and the professionals can apply for the Citi personal loan.
  • The applicant should be at least 21 years of age to apply for the loan.
  • The age of applicants should not be more than 65 years.
  • The applicant should have creditworthiness.
  • The applicants should have all the documents required for Citibank personal loan application. 

Documents Required for Citibank Personal Loan

Mentioned below are the documents that are required for Citi personal loan. Whether you are a salaried individual or a self employed person, you can check this table and make sure you have all the required documents for Citi personal loan application:

Documents Salaried Individuals Self Employed Individuals
Identity Proof Aadhar Card, Passport, Driving Licence, Voter ID Card Aadhar Card, Passport, Driving Licence, Voter ID Card
Address Proof Passport, Voter ID Card,  Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill Passport, Voter ID Card,  Recent Utility Bill such as Electricity Bill, Water Bill, Telephone Bill
Income Proof Salary Slips, Bank Statement, Form 16, Salary Certificate IT returns, Bank Statements, Balance Sheet and Profit & Loss Account, Challans Showing Payment of Advance Income Tax
Other Documents Passport-size Photographs, Application Form Passport-size Photographs, 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%
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

Citibank Personal Loan EMI Calculator

Calculating the monthly installments can help you manage your budget and finalize the tenure that suits it best. Here is how you can use the Citibank personal loan EMI calculator:

  • Visit the official Citibank website.
  • Click on the “Loans” menu.
  • Find and hit the “EMI Calculator”.
  • Enter the  loan amount, total years of loan repayment tenure and the rate of interest.

You should be able to view the total EMI amount as “Your EMI” next to the calculator.

How to Apply for Citibank Personal Loan

Here are the different ways you can apply for the Citibank personal loan:

Apply for Citibank Personal Loan Offline

Do you want to apply for a Citi personal loan offline? If yes, then you have to visit the nearest Citibank branch. The bank official will guide you through the application process for personal loan and you will be required to present all the documents that are required to be submitted with the application form. 

Before you visit the Citibank branch, it is best that you reach out to the Citibank customer service and enquire about the procedure including the eligibility and documentation for a seamless and hassle free process later. 

Apply for Citibank Personal Loan Online

Citibank allows you to apply for the personal loan online. If you are not in the mood to go anywhere and wish to submit Citibank personal loan application online, then here are the steps you need to follow:

  • Take yourself to the official website of Citibank.
  • Click on the “Loans” menu in the top bar.
  • Find and click on the “Personal Loan” option from the list.
  • Now that you have reached the personal loan page, you have to click on the “Click 4 Call” option. 
  • Enter the required information including your name, net monthly salary and PAN number.
  • Submit the application.

The bank will acknowledge your application and get in touch with you to get started with the application procedure.

Citibank Personal Loan Customer Care

You can contact the customer service of Citibank and talk to the executive in case of any query, complaint or grievances.

Here is the way to reach out to the Citibank customer helpline:

1860 210 2484 

FAQs On Citibank Personal Loan

Q.1 Can I get a top up loan on my Citibank personal loan?

Citibank allows customers to avail a top up loan on personal loans. However, the top up loan eligibility is determined by many important factors including the repayment history, creditworthiness etc. It is based on the bank’s discretion. You can reach out to the bank to enquire about the top up loan. 

Q.2 Can I change the tenure of my Citibank personal loan?

No. Citibank does not allow you to change the personal loan repayment tenure. However, you can opt to prepay your loan in full or make part-payments before the tenure ends. 

Q.3 How can I track the status of my Citibank personal loan?

You can contact the Citibank customer service and know about your personal loan status. You can also log into your Citibank NetBaning account and check the status of your loan. 

Last Updated on : 25/Mar/2021

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% - 3%
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