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.
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.
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CRITERIA |
FOR SALARIED |
FOR SELF EMPLOYED |
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ID PROOF |
Photographs Passport Driving license Voter id Aadhar card National Population Register (containing details of name and address)
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Photographs Passport Driving license Voter id Aadhar card National Population Register (containing details of name and address)
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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
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AGE PROOF |
Aadhar card Birth certificate Passport Voter id |
Aadhar card Birth certificate Passport Voter id |
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INCOME PROOF |
Latest 2 payslips
Last 3 months bank statement |
Form 16 and ITR of last 2 years
Last 3 months bank statement
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ELIGIBLE |
Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. |
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AGE |
Salaried employees : 23 years to 60 years Self employed professionals : 25 to 65 years |
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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 |
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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 |
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
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BANKS |
INTEREST RATES |
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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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7.65% to 12.65% |
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12.15% to 14.15% |
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12.05% onwards |
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
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
The Minimum and maximum limit of loan amount for CitiBank personal loan is Rs. 1 lakh to Rs. 30 lakh
The interest rate of Citibank personal loan is 10.50% to 17.99%
Flexible repayment tenure of personal loans is 1 to 6 years.
Citibank personal loan charged processing fees is 0.50% to 3% on loan amount
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.
You can get a CitiBank personal loan by directly visiting the nearest branch or can apply online at their website.
There is no collateral and security required to get a personal loan from Citibank
Last Updated on : 07/Aug/2020Know 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