CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
Citibank personal loan eligibility is affected by many factors. Here are some of the important factors to consider:
Your credit score is a crucial element considered while applying for loans and credit cards. The lender first checks your credit score when submitting an application form for a personal loan. If you have a good credit score, which is generally above 750, lenders will proceed to the verification stage before disbursing the loan amount. In case you have a poor credit score, lenders may not consider your application. Thus, a credit score is a deciding factor while deciding on your eligibility for and granting personal loans.
The main advantage of taking a personal loan from Citibank is its uniform interest rate throughout the loan duration. Some of the other benefits are as listed below:
For Salaried Individuals: Here is the list of documents to be furnished by salaried individuals while applying for a Citibank Personal Loan.
Documents Needed (any one of the listed)
Proof of Identity
Photograph (must), PAN, Aadhaar card, Driver’s License, Passport, Voter’s ID card, etc.
Proof of Residence
Driving License, Passport, Voter’s ID Card, Letter from Employer,
Proof of Age
Birth Certificate, School Leaving Certificate, Passport,
Length of Employment
Letter from Employer, Old Pay Slip, Form 16
Proof of Income
Latest Salary Slip (not more than 3 months old), 3 months of bank statement, Latest Form 16
For Self-employed Individuals: Here is the list of documents needed by self-employed individuals to apply for a Citibank Personal Loan.
Documents Required (any one of the listed)
Photograph (mandatory), PAN card, Driver License, Passport, Voter’s ID card,
Utility bill, not more than 3 months old with name and address, Passport, Voter’s ID Card, Letter from Employer,
Birth Certificate, School Leaving Certificate, DOB on Tax Return,
Continuity of Business
Lease Deed, Ownership Document, Utility Bills, 3 years of bank statements,
Income tax returns of the last 2 years and supplementary documents, P&L Account, Audit Report,
For Expats: Here is the list of documents needed to be submitted by Expats while applying for Citibank Personal Loan
Passport, PAN card, Valid VISA,
Letter from Employer/ Certificate from Embassy of the Country of Origin, Rent Agreement, Valid Aadhaar Card,
Birth Certificate, Passport, School Leaving Certificate, DOB on Tax Return,
Letter from Employer, Old Pay Slips, HR Check by Designated CPA Resource,
Latest salary slip (not more than 3 months old), Latest Form 16,
Listed here are some of the steps for improving your eligibility for a Citibank personal loan:
Here are some of the important points to remember before applying for a Citibank personal loan:
Eligibility: Make sure to check the bank’s eligibility criteria before applying for a personal loan.
Credit Score: Maintain a reasonable to good credit score as it is verified by the bank to check your repayment ability. A credit score of 750 or more will have higher chances of loan approval.
One loan at a time: Avoid applying for a personal loan with multiple banks at the same time. This will reflect that you are credit hungry and may affect your credit score.
EMI to income ratio: Keep a low EMI to income ratio, which should ideally be less than 50%.
Citibank is a preferred private sector bank in India. It offers multiple financial products such as personal loans, general banking, commercial loans and even advisory services. Started back in 1999 in India, the bank has now spread across 30 cities with more than 42 branches. It is one of the most preferred banks with a client base of more than 45,000 small and medium corporates. The bank also offers the maximum number of personal loans in India.
Citibank is a preferred bank in the country primarily because of the various benefits it offers with its financial products and services. Availing a personal loan from Citibank requires minimal documentation and has a quick approval process. This is what makes it a go-to financing source for meeting any immediate financial requirements. The bank offers personal loans for both salaried and self-employed individuals. It doesn’t have any preconditions or requirements of collateral security for the same.
1. What is the timeline for Citibank personal loan disbursement?
A personal loan is generally credited to the applicant’s Citibank account within 48 hours of the application getting approved. If your loan is required to be disbursed to a savings account of a different bank, it might take a longer time for disbursement.
2. Is it possible to change the loan tenure or EMI schedule after approval of my loan application?
No, Citibank does not allow any such changes once the loan has been approved. However, you can pre-pay or choose to foreclose the loan as per the bank’s terms and conditions.
3. What is the amount of personal loan that I can get from Citibank?
The bank offers a minimum personal loan amount of Rs. 10,000 and a maximum of Rs. 30 lakhs.
4. What is the instant personal loan offered by Citibank?
The instant personal loan offered by Citibank is a pre-approved loan where funds are credited within 30 minutes from the time of application. This facility is available only for select individuals who qualify as per the bank’s criteria. It comes with the least documentation and the entire process can be completed through a phone call or via online banking.
5. How do I use a loan EMI calculator?
While using an EMI calculator, you have to provide the loan amount, interest rate and loan tenure. This will give you the EMI amount to be paid every month. Many easy-to-use EMI calculators are available online.
6. How does Citibank calculate the interest rate on a personal loan?
Citibank personal loan interest is calculated with this formula:
7. How does credit score impact my loan application?
A credit score helps banks to gauge your repayment ability and creditworthiness. It is one of the first checks conducted by banks when you apply for a personal loan. The higher your score i.e. closer to 900, the higher the chances of getting a personal loan approved easily.
8. How often is Citibank personal loan account statement available for viewing?
Citibank personal loan account statement can be checked annually on the 31st of March and the bank sends the same via post to your registered address.
9. Is it possible to get a copy of my Citibank personal loan account statement before year-end?
Yes, you can ask for a statement of your loan account by reaching out to the bank’s helpline or by using Citibank online banking facility.
10. Is it possible to get a top-up loan with my existing Citibank personal loan?
Citibank personal loan top-up can be availed by select individuals who have partially paid off their loan sourced from Citi. To check your qualification for the same, you may log into your Citi bank account online.
Andhra Bank Personal Loan Eligibility
Axis Bank Personal Loan Eligibility
Bandhan Bank Personal Loan Eligibility
Bank Of Baroda Personal Loan Eligibility
Bank Of Maharashtra Personal Loan Eligibility
Canara Bank Personal Loan Eligibility
Central Bank Of India Personal Loan Eligibility
Corporation Bank Personal Loan Eligibility
DCB Bank Personal Loan Eligibility
Deutsche Bank Personal Loan Eligibility
Dhanlaxmi Bank Personal Loan Eligibility
Federal Bank Personal Loan Eligibility
HDFC Bank Personal Loan Eligibility
ICICI Bank Personal Loan Eligibility
IDBI Bank Personal Loan Eligibility
Indian Bank Personal Loan Eligibility
Indian Overseas Bank Personal Loan Eligibility
IndusInd Bank Personal Loan Eligibility
Jammu Kashmir Bank Personal Loan Eligibility
Karnataka Bank Personal Loan Eligibility
Karur Vysya Bank Personal Loan Eligibility
Oriental Bank Of Commerce Personal Loan Eligibility
Punjab National Bank Personal Loan Eligibility
Punjab Sind Bank Personal Loan Eligibility
RBL Bank Personal Loan Eligibility
SBI Personal Loan Eligibility
South Indian Bank Personal Loan Eligibility
SVC Bank Personal Loan Eligibility
Tamilnad Mercantile Bank Personal Loan Eligibility
UCO Bank Personal Loan Eligibility
Union Bank Of India Personal Loan Eligibility
Vijaya Bank Personal Loan Eligibility
YES Bank Personal Loan Eligibility
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application